Stove Kraft Limited (STOVEKRAFT) — Corporate Action

1 Corporate Action 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Stove Kraft declares Rs 3.50 final dividend per share for FY2026

🔄 What Changed
Net profit of Rs 385.05 million and total income of Rs 15,990.47 million

🔮 What's Next
Record date set for 4 September 2026 and AGM scheduled for 11 September 2026

💡 Investor Takeaway
Shareholders receive Rs 3.50 dividend per share with no change to existing ownership structure

Stove Kraft Limited announced a final dividend of Rs 3.50 per share (35% yield) for FY2026, with record date on 4 September 2026 and AGM on 11 September 2026. The company reported FY2026 net profit of Rs 385.05 million on total income of Rs 15,990.47 million, while reappointing PwC as auditors and appointing a new CFO effective 16 May 2026 following the previous CFO's resignation on 15 May 2026.

2 Corporate Action 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Stove Kraft proposes Rs 3.50 dividend per share and reappoints auditor amid CFO transition and ESOP expansion.

🔄 What Changed
Dividend amount increased to Rs 3.50 per share; ESOP pool expanded by 212,000 shares; CFO transition completed.

🔮 What's Next
Dividend payable within 30 days of September 11 AGM; ESOP amendment requires shareholder approval at upcoming AGM.

💡 Investor Takeaway
Shareholders receive higher dividend yield with no immediate dilution, but ESOP expansion may dilute ownership if exercised.

Stove Kraft Limited announced a recommended final dividend of Rs 3.50 per share (35% of face value) for FY2026, payable within 30 days of the September 11 AGM, with record date September 4. CFO Ramakrishna Pendyala resigned effective May 16, succeeded by Subhadeep Pal, while the Board reappointed Price Waterhouse as auditor for a second five-year term. ESOP pool was expanded to 1,025,000 shares pending shareholder approval at the AGM, and 46,915 options were granted under the 2018 plan. The unmodified audit confirms financial stability despite pending tax demands of INR 2,453 million under appeal.

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