Stove Kraft Limited has informed the Exchange about Amendment of ESOP Plan 2028 to increase ESOP Pool
STOVEKRAFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Stove Kraft Limited reported FY2026 results with total income of Rs. 15,990.47 million (up 10.3% YoY) and profit after tax of Rs. 419.91 million (up 9.1% YoY). The Board recommended a final dividend of Rs. 3.50 per share (35%) for FY2026, subject to shareholder approval at the AGM on 11 September 2026. Key management changes include CFO resignation of Mr. Ramakrishna Pendyala (effective 15 May 2026) and appointment of Mr. Subhadeep Pal as new CFO (effective 16 May 2026). The company also expanded its ESOP pool from 813,000 to 10,25,000 options and granted 46,915 stock options to employees at Rs. 554.65 per option. Cash position improved significantly to Rs. 219.52 million from Rs. 27.64 million in the prior year.
Positive signals from strong revenue and profit growth, improved cash flows, and shareholder-friendly dividend declaration. The ESOP expansion signals retention and talent acquisition focus. Management transition at CFO level is neutral but smooth.