Stove Kraft Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
STOVEKRAFT · price
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Stove Kraft Limited held its 26th AGM on September 26, 2025 via video conference, chaired by Chairperson Mrs. Shuba Rao Mayya and attended by Managing Director Rajendra Gandhi. The Managing Director briefed shareholders on the company's operations and financial performance for FY2024-25, and the auditors' report was confirmed to be clean with no qualifications or adverse remarks. Five resolutions were passed with the required majority, including adoption of FY25 audited financial statements, declaration of a Rs. 3 per share dividend (30%) on equity shares of Rs. 10 face value, reappointment of Non-Executive Director Mrs. Sunitha Rajendra Gandhi by rotation, ratification of cost auditor remuneration, and appointment of BMP & Co. LLP as secretarial auditors for a five-year term (FY2025-26 to FY2029-30).
Shareholders benefit from a Rs. 3 per share dividend for FY25, while the clean audit report and routine governance approvals signal stable management with no major concerns raised at the AGM.