Amendment of ESOP Plan to increase ESOP Pool and also grant of ESOPs to Employee
STOVEKRAFT · price
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Stove Kraft Limited reported audited financial results for FY2026 with revenue from operations at ₹16,074.24 million (up 10.9% from ₹14,498.17 million) and profit after tax at ₹419.91 million (up 9.1% from ₹385.05 million). EPS stands at ₹12.69. The Board recommended a final dividend of ₹3.50 per share (35%) for FY2026. Key corporate changes include resignation of CFO Mr. Ramakrishna Pendyala (effective May 15) and appointment of Mr. Subhadeep Pal as new CFO (effective May 16). The company expanded its ESOP pool from 813,000 to 1,025,000 options and granted 46,915 stock options at ₹554.65 per option. Operating cash flow for the year was strong at ₹2,577.42 million. The audit report carries an unmodified opinion with emphasis of matter on ongoing income tax assessments (demands of ₹24.53 million for various assessment years).
The company delivered solid earnings growth with strong cash generation, and the dividend payout signals confidence. The ESOP expansion and new CFO appointment indicate focus on talent retention and leadership continuity. Shareholders can expect continued shareholder returns if the AGM approves the dividend.