Board Meeting12 May 2026, 05:31 pm
Stove Kraft: CFO Resigns, Subhadeep Pal Appointed, Auditor Re-appointed
AI Summary
Stove Kraft Ltd's board meeting on May 12, 2026, approved the audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹3.50 per share. Price Waterhouse Chartered Accountants LLP was re-appointed as Statutory Auditors for a second term of five years. The board accepted the resignation of CFO Mr. Ramakrishna Pendyala, effective May 15, 2026, and appointed Mr. Subhadeep Pal as the new CFO, effective May 16, 2026. The board also approved amendments to the ESOP plan and granted 46,915 stock options to employees.
Key Highlights
- Stove Kraft approved audited FY26 results and a ₹3.50 dividend per share.
- Price Waterhouse re-appointed as Statutory Auditors for five years.
- Ramakrishna Pendyala resigned as CFO, effective May 15, 2026.
- Subhadeep Pal appointed as CFO, effective May 16, 2026.
- ESOP pool increased; 46,915 stock options granted to employees.
Price Impact
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