Stove Kraft Limited has informed the Exchange regarding Grant of 46915 Options.
STOVEKRAFT · price
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Stove Kraft Limited reported audited financial results for FY26 ended March 2026. Revenue from operations grew 10.87% to Rs 16,074.24 million from Rs 14,498.17 million in FY25. Profit after tax increased 9.06% to Rs 419.91 million from Rs 385.05 million. Basic EPS stood at Rs 12.69 vs Rs 11.65 in the prior year. The Board recommended a final dividend of Rs 3.50 per share (35%) subject to shareholder approval at the AGM on September 11, 2026. The Company also announced grant of 46,915 stock options to employees at Rs 554.65 per option, and approved amendment to ESOP Plan 2018 to increase the pool from 813,000 to 10,25,000 options. CFO transition occurred with Ramakrishna Pendyala resigning and Subhadeep Pal appointed as his successor. Statutory auditors Price Waterhouse Chartered Accountants LLP were reappointed for a second 5-year term. The auditor issued an unmodified (clean) opinion with an Emphasis of Matter regarding ongoing Income Tax Department assessments.
The company delivered steady double-digit revenue and PAT growth with improved profitability margins. The clean audit opinion and dividend declaration are positive signals for shareholders. The expanded ESOP pool and CFO transition indicate focus on talent retention and leadership continuity.