Stove Kraft Approves FY26 Audited Results, Recommends 35% Dividend, Appoints New CFO
Stove Kraft Limited reported audited results for FY26. The Board recommended a final dividend of ₹3.50 per share. Mr. Ramakrishna Pendyala resigned as CFO, and Mr. Subhadeep Pal was appointed CFO effective May 16, 2026. The company also proposed increasing its ESOP pool and re-appointing auditors.
The announcement includes financial results, dividend recommendation, CFO changes, and ESOP plan amendments, all of which are material to stakeholders. The re-appointment of auditors also adds to the stability.
The company reported positive financial results, recommended a dividend, and made key appointments, indicating stability and forward-looking management.
Stove Kraft Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, following a Board Meeting held on May 12, 2026. The company reported a profit before tax of ₹50.76 crore for the quarter and ₹509.83 crore for the financial year.
The Board has recommended a final dividend of ₹3.50 per equity share (35%) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The 27th AGM is scheduled for Friday, September 11, 2026, with a record date of Friday, September 04, 2026, for dividend and AGM purposes.
In terms of key personnel changes, the Board accepted the resignation of Mr. Ramakrishna Pendyala as Chief Financial Officer, effective close of business hours on May 15, 2026. Mr. Subhadeep Pal has been appointed as the new CFO, effective May 16, 2026. Mr. Pal brings over 23 years of experience in finance leadership.
Furthermore, the company has proposed amendments to the Stove Kraft Employee Stock Option Plan 2018, increasing the ESOP pool from 813,000 to 10,25,000 options, subject to shareholder and regulatory approvals. The company also approved the re-appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a second term of five years, pending shareholder approval.
The trading window, which was closed from March 30, 2026, will reopen on May 15, 2026.
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Stove Kraft Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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