Stove Kraft Limited has informed the Exchange about change in Management - Reappointment of Statutory Auditor, Resignation of CFO and appointment of new CFO
STOVEKRAFT · price
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Stove Kraft Limited reported FY2026 audited results with revenue from operations of Rs 16,074.24 million (up 10.9% from Rs 14,498.17 million), and profit after tax of Rs 419.91 million. The Board recommended a final dividend of Rs 3.50 per share (35%) for FY2026. CFO Mr. Ramakrishna Pendyala resigned effective 15 May 2026 after nearly 3 years with the company, and Mr. Subhadeep Pal (VP-Finance) was appointed as new CFO from 16 May 2026. Price Waterhouse Chartered Accountants LLP was reappointed as statutory auditors for a second 5-year term. The company also expanded its ESOP pool from 813,000 to 10,25,000 options and granted 46,915 options to employees at Rs 554.65 per option. The audit received an unmodified opinion.
The CFO transition and auditor reappointment indicate routine management changes with smooth transition plans in place. The ESOP expansion signals efforts to retain and attract talent. Strong revenue growth and dividend declaration are positive for shareholders.