Stove Kraft Limited has informed the Exchange about Resignation of Director/KMP/SMP

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 announced the resignation of Mr. Ramakrishna Pendyala as Chief Financial Officer (CFO), effective 12 May 2026 with his last working day on 15 May 2026. The company simultaneously appointed Mr. Subhadeep Pal, currently VP-Finance, as the new CFO from 16 May 2026. Mr. Pendyala cited career growth objectives as the reason for his departure after serving approximately three years since July 2023. The board also approved the audited financial results for FY2026 showing revenue of Rs. 16,074.24 million (up 11% YoY), profit after tax of Rs. 419.91 million (up 9% YoY), and recommended a final dividend of Rs. 3.50 per share. Additionally, the ESOP pool was increased from 813,000 to 10,25,000 options.

Likely market impact

The CFO transition appears smooth as Mr. Subhadeep Pal is an internal promotion with 23 years of finance experience, minimizing execution risk. The financial results show healthy growth with 11% revenue increase and improved profitability, which is positive for shareholders.