Stove Kraft Board Approves FY26 Audited Results, Recommends ₹3.50 Dividend, Appoints New CFO
Stove Kraft reported audited results for FY26. The Board approved a final dividend of ₹3.50 per share. Price Waterhouse Chartered Accountants LLP was proposed for re-appointment as auditors. The ESOP pool was increased, and Mr. Subhadeep Pal was appointed CFO, succeeding Mr. Ramakrishna Pendyala.
The recommended dividend, re-appointment of auditors, and changes in key management personnel are material events for investors. The increase in ESOP pool also signals a focus on human capital. These factors collectively have a medium impact on the company's stakeholders.
The announcement includes positive developments such as the approval of financial results, recommendation of a dividend, and a significant increase in the ESOP pool, which can be seen as a positive step for employee motivation and retention. The appointment of a new CFO is a routine management change.
Stove Kraft Limited announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, in a meeting held on May 12, 2026, approved these results.
Key decisions from the board meeting include the recommendation of 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 company also proposed the re-appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a second term of five consecutive years, pending shareholder approval.
Furthermore, the Board approved amendments to the Stove Kraft Employee Stock Option Plan 2018, increasing the ESOP pool from 813,000 to 10,25,000 options, also subject to shareholder and regulatory approvals. In terms of management changes, the Board accepted the resignation of Mr. Ramakrishna Pendyala as Chief Financial Officer, with his last day being May 15, 2026. Mr. Subhadeep Pal was appointed as the new Chief Financial Officer, effective May 16, 2026.
The company's 27th AGM is scheduled for Friday, September 11, 2026. The record date for determining eligibility for the AGM and dividend has been fixed as Friday, September 4, 2026. 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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