Stove Kraft Limited Holds 27th AGM on Sep 11, 2026; Declares ₹3.50 Dividend
Stove Kraft Limited held its 27th AGM on September 11, 2026, approving the FY26 financial statements and declaring a dividend of ₹3.50 per share. Key appointments and reappointments of directors were made, alongside modifications to the ESOP plan. Auditors were reappointed for five years.
The declaration of a dividend and routine corporate governance activities like director appointments and auditor reappointment have a moderate impact on investor sentiment and company operations.
The company declared a dividend and approved financial statements and director reappointments, indicating positive operational and financial health.
Stove Kraft Limited announced that its 27th Annual General Meeting (AGM) was held on Friday, September 11, 2026, commencing at 11:00 AM IST via Video Conference/Other Audio-Visual Means. The meeting concluded at 11:43 AM on the same day.
During the AGM, several key items of business were presented and approved by the members. These included the adoption of the audited financial statements for the financial year ended March 31, 2026, along with the Board's and Auditors' reports. A significant announcement was the declaration of a dividend of ₹3.50 per equity share (35%) for the financial year ended March 31, 2026.
Further business transacted involved the reappointment of directors, including Mrs. Neha Gandhi, who retires by rotation and offered herself for reappointment as an Executive Director, and Mr. Anup Sanmukh Shah as an Independent Director. Mr. Chandru Kalro was appointed as a Non-Executive Non-Independent Director, and approval was sought for his professional fees. The reappointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a further term of five years was also proposed. Additionally, members considered and approved modifications to the Stove Kraft Employee Stock Option Plan 2018 and ratified the remuneration for the Cost Accountants for FY2026-27.
Remote e-voting commenced on September 8, 2026, at 9:00 AM and concluded on September 10, 2026, at 5:00 PM. Members attending the AGM also had the opportunity to vote electronically during the meeting. The results of all resolutions, as passed with the requisite majority, were declared based on the scrutinizer's report on September 11, 2026.
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Stove Kraft Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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