Re-appointment of Statutory Auditor, Resignation of Chief Financial Officer and Appointment of New Chief Financial Officer

Cfo ResignedManagement Changes View source PDF Explain this filing

STOVEKRAFT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.2%Reaction day

₹565.00

prior close

₹587.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-4.9% vs market

Household Appliances peers, median of 23sector+0.1%-4.3% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.3 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.5

10m

-4.0

15m

-4.3

30m

-5.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2+0.7-4.9+0.1-4.3

Next day

-6.6+0.9-7.6+0.5-7.1

-3.0+0.6-3.6+0.2-3.2

-3.5-0.8-2.7-1.7-1.9

-4.2-0.4-3.8-1.6-2.6

-3.0+0.2-3.2-1.0-2.0

-2.1+1.4-3.6-2.3+0.1

15d

+15.6+4.2+11.5-5.4+21.0

+16.8+6.3+10.5-4.8+21.6

+39.5+11.3+28.2-4.3+43.8

+37.6+14.0+23.7-5.0+42.6

UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Stove Kraft Limited reported audited FY2026 results with revenue of Rs. 16,074 million (up 11% YoY) and profit after tax of Rs. 419.91 million. The Board recommended a final dividend of Rs. 3.50 per share (35%). Key leadership changes include the resignation of CFO Mr. Ramakrishna Pendyala (effective May 15, 2026) after nearly 3 years with the company, succeeded by Mr. Subhadeep Pal, currently VP-Finance, effective May 16, 2026. Statutory auditor Price Waterhouse Chartered Accountants LLP has been reappointed for a second five-year term. The company also expanded its ESOP pool from 813,000 to 1,025,000 options and granted 46,915 options to employees.

Likely market impact

The CFO transition appears smooth with an internal promotion maintaining continuity. Revenue grew double-digit but profit margins remain modest at ~3%. Dividend signals confidence in financial health.