Dividend12 May 2026, 05:21 pm
Stove Kraft: Final Dividend of ₹3.50 Recommended, CFO Change
AI Summary
Stove Kraft Ltd's board approved the audited financial results for FY26, recommending a final dividend of ₹3.50 per share. They re-appointed Price Waterhouse as statutory auditors and approved amendments to the ESOP plan. Mr. Ramakrishna Pendyala resigned as CFO, effective May 15, 2026, and Mr. Subhadeep Pal was appointed as the new CFO, effective May 16, 2026. The 27th AGM will be held on September 11, 2026, with a record date of September 4, 2026, for dividend and AGM eligibility.
Key Highlights
- Recommended final dividend of ₹3.50 per share (35%) for FY26.
- Re-appointed Price Waterhouse as statutory auditors for five years.
- Approved ESOP plan amendment, increasing the pool to 10,25,000 options.
- Ramakrishna Pendyala resigned as CFO, effective May 15, 2026.
- Subhadeep Pal appointed as CFO, effective May 16, 2026.
Price Impact
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