Re-appointment of Statutory Auditor, Resignation of Chief Financial Officer and Appointment of New Chief Financial Officer
STOVEKRAFT · price
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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.
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.