Stove Kraft Limited has informed the Exchange about change in Management - Reappointment of Statutory Auditor, Resignation of CFO and appointment of new CFO

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

STOVEKRAFT · price

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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 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.

Likely market impact

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.