Stove Kraft Grants 97,519 Stock Options to Employees

Stove Kraft Ltd announced the approval of granting 97,519 stock options to eligible employees under its ESOP Plan 2018. The options are priced at ₹789.35 per share, based on the closing price on November 9, 2026. The vesting schedule is spread over four years, with 10% vesting on the first anniversary, followed by 20%, 30%, and 40% on subsequent anniversaries. Exercise of these options will result in the issuance of 97,519 equity shares of face value ₹10 each.