Stovec Industries Promoter Print I BV Encumbers Shares

Stovec Industries Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Print I BV, the holding company of its promoter SPG Prints B.V. The disclosure pertains to certain rights created under a Shareholders' and Subscription Agreement (SHA) dated February 26, 2025, between Print Holdings B.V., Print I B.V., and Magenta Holding B.V. These rights, granted by Print Holdings B.V. to Magenta Holding B.V. concerning shares of Print I B.V., are considered an encumbrance under the Takeover Regulations. The SHA is related to corporate and debt restructuring arrangements within Print I B.V. and involves lenders converting loans into equity held through Magenta Holding. The arrangements primarily affect shares of Print I B.V. and do not create direct rights or encumbrances over Stovec Industries Limited's shares.