Stove Kraft Limited Approves FY 2026 Results, Recommends Final Dividend, and Announces CFO Transition

Stove Kraft Limited Approves FY 2026 Results, Recommends Final Dividend, and Announces CFO Transition​

Stove Kraft Limited held a Board of Directors meeting on May 12, 2026, where the board approved the audited financial results for the quarter and financial year ended March 31, 2026. Key decisions included the recommendation of a final dividend and significant structural changes in the company's leadership and employee stock option plans.

During the meeting, the board also recommended a final dividend of Rs. 3.50 per Equity Share of Rs.10 each (35%) for the financial year ended March 31, 2026, which is subject to shareholder approval at the ensuing Annual General Meeting (AGM).

Key Operational and Governance Changes​

The board approved the re-appointment of Price Waterhouse Chartered Accountants LLP as the Statutory Auditors for a second term spanning five consecutive years, from the conclusion of the 27th AGM until the conclusion of the 32nd AGM, pending shareholder approval.

In organizational matters, the board accepted the resignation of Mr. Ramakrishna Pendyala from the position of Chief Financial Officer, effective May 15, 2026. Mr. Pendyala was associated with the company starting in July 2023.

Mr. Subhadeep Pal, currently serving as VP-Finance, was approved for the appointment as the company's Chief Financial Officer, effective May 16, 2026.

The company also approved the amendment of the Stovekraft Employee Stock Option Plan 2018. This amendment increases the ESOP pool under the plan from 813,000 stock options to 10,25,000, along with other related amendments, subject to shareholder and necessary regulatory approvals. Furthermore, the board approved the grant of 46,915 Stock Options to eligible employees under the ESOP Plan 2018.

Financial Performance Review (FY Ended March 31, 2026)​

The board approved the audited financial results, providing comprehensive financial data for investors.

The annual financial results for the year ended March 31, 2026, saw Total Income reaching 15,990.47 Rupees Millions. Total expenses stood at 15,480.64 Rupees Millions, resulting in a Profit before tax of 509.83 Rupees Millions.

The comprehensive financial comparison across quarters and years is detailed below (Amount in Rupees Millions):

Company Position and Future Dates​

The financial health of the company was reviewed through the Statement of Assets and Liabilities and the Statement of Cash Flows.

The Company will hold its 27th Annual General Meeting (AGM) for the financial year ended March 31, 2026, on Friday, September 11, 2026. The record date for receiving the dividend and attending the AGM has been set as Friday, September 04, 2026.

The trading window for the company is scheduled to reopen on May 15, 2026.

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Note: The financial statements were prepared in accordance with applicable Indian Accounting Standards. The company's operations relate to only one reportable segment: Kitchen and Home Appliances.

STOVEKRAFT Stock Price Movement​

Today, Stove Kraft Limited shares edged higher, settling at ₹563.45 after gaining 1.87% for the day. The stock traded on a total volume of 1.67 million shares.