Stove Kraft Board Approves FY26 Audited Results, Recommends ₹3.50 Dividend, Appoints New CFO
Stove Kraft Limited reported audited financial 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 as the new CFO. The company also proposed increasing its ESOP pool.
The dividend recommendation, CFO appointment, and ESOP pool increase are material events that can impact investor sentiment and company operations.
The announcement includes approval of audited financial results, recommendation of a final dividend, re-appointment of auditors, and key management changes which are generally viewed positively by the market.
Stove Kraft Limited announced that its Board of Directors, in a meeting held on 12 May 2026, approved the audited financial results for the quarter and financial year ended 31 March 2026. The Board also recommended a final dividend of ₹3.50 per equity share (35%) for the financial year ended 31 March 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the Board approved the re-appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a second term of five years, subject to shareholder approval. In a significant move, the Board approved amendments 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 approval.
The company also announced changes in its key management personnel. The resignation of Mr. Ramakrishna Pendyala from the position of Chief Financial Officer was accepted, with his last day being 15 May 2026. Subsequently, Mr. Subhadeep Pal, currently VP - Finance, was appointed as the new Chief Financial Officer, effective 16 May 2026.
The company will hold its 27th AGM on Friday, 11 September 2026. The record date for determining eligible shareholders for the AGM and dividend payment has been fixed as Friday, 04 September 2026. The trading window, which was closed from 30 March 2026, will reopen on 15 May 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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