Stove Kraft (STOVEKRAFT) — Board Meeting

📢 Key Event
Incorporation of China WOS and formation of 50-50 joint venture announced

🔄 What Changed
New China subsidiary incorporated with CNY 10M investment and joint venture established

🔮 What's Next
Joint venture agreement execution pending; WOS investment to be made soon

💡 Investor Takeaway
This creates a China foothold for supply chain control and new cookware manufacturing capabilities.

Stove Kraft Limited announced incorporation of its China Wholly Owned Subsidiary Guangzhou Jiawo Import & Export Co. Ltd on 12 August 2026 with CNY 10 Million investment, and formation of a 50-50 joint venture Yushan Wosituo New Materials Co. Ltd with Ningbo Wochi New Materials Co. Ltd for cookware manufacturing. The subsidiary will secure supply chain control through backward integration, while the joint venture will manufacture triply sheets and circles for cookware. Both entities are related parties but transactions are arm's length.

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About Stove Kraft Limited (STOVEKRAFT)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹2,700.07 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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