Stovec Industries has announced that its board approved the financial results for the quarter and half-year.

Revenue from operations for the quarter stood at ₹56.75 Cr, with a profit before tax of ₹3.93 Cr and profit for the period at ₹2.95 Cr.

The board also appointed Mr. Vipul Bhavsar, Senior Manager-Finance with over 18 years of experience, as the Interim Chief Financial Officer.

This is a key management update while the company searches for a permanent CFO.

Additionally, a revised insider trading code of conduct was approved, and the trading window was re-opened.