Stovec Industries Promoter Print I B.V. Discloses Encumbrance

Stovec Industries Ltd has received disclosures from its promoter, Print I B.V., regarding the encumbrance of shares under SEBI (SAST) Regulations, 2011. This disclosure pertains to a Shareholders' and Subscription Agreement (SHA) dated February 26, 2025, entered into by Print I B.V. with its lenders via Magenta Holding B.V. The SHA involves certain rights granted to Magenta Holding B.V. over shares of Print I B.V., which is the holding company of SPG Prints B.V., the direct promoter of Stovec Industries. These arrangements, including share transfer restrictions and potential control by Magenta Holding, are considered an encumbrance under the Takeover Regulations. The disclosure clarifies that no direct encumbrance is created over Stovec Industries' equity shares.