Stove Kraft Approves FY26 Results, Reappoints Auditors, Hikes ESOP Pool, and Declares Dividend
Stove Kraft reported audited results for FY26. The board approved a final dividend of ₹3.50 per share. Price Waterhouse Chartered Accountants LLP was re-appointed as auditors. The ESOP pool was increased, and Mr. Subhadeep Pal was appointed CFO, succeeding Mr. Ramakrishna Pendyala.
The announcement includes the approval of financial results, dividend recommendation, auditor re-appointment, significant ESOP pool increase, and changes in key management positions, all of which are material to stakeholders.
The company reported positive financial results, recommended a dividend, reappointed auditors, and made key management changes. The increase in the ESOP pool indicates a focus on employee retention and talent acquisition.
Stove Kraft Limited announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results, 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).
Key decisions from the board meeting include the re-appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a second term of five years, subject to shareholder approval. The company also approved an amendment to the Stove Kraft Employee Stock Option Plan 2018, increasing the ESOP pool from 813,000 to 10,25,000 stock options, also requiring shareholder and regulatory approvals.
In terms of key management 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, currently VP - Finance, has been appointed as the new Chief Financial Officer, effective May 16, 2026.
The company also approved the grant of 46,915 stock options to eligible employees under the ESOP Plan 2018. The 27th AGM for the financial year ended March 31, 2026, is scheduled for Friday, September 11, 2026, with Friday, September 04, 2026, fixed as the record date for dividend and AGM purposes. 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 high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Stove Kraft Limited. Read the original for the full detail.