Stovec Industries’ Board has approved the sale of the identified assets (production assets and intangibles relating to the sugar screens business) of the company.
The Board has approved the assignment of the trademark ‘Atul’ to Atul Sugar Screens (ASSPL), a fellow subsidiary of the company. The Board has also approved a proposal for entering into a contract manufacturing an agreement with ASSPL.
The Board of Directors of the company at its meeting held on April 5, 2018 and has approved the same.
Stovec Industries is an India-based company, which is engaged in the development and production of consumables for their use in textile and graphic printing industry.
