Dividend12 May 2026, 05:22 pm
Stove Kraft Recommends ₹3.50 Dividend; CFO Change
AI Summary
Stove Kraft Ltd's board recommended a final dividend of ₹3.50 per equity share (35%) for FY26, subject to shareholder approval. The board also approved the reappointment of Price Waterhouse Chartered Accountants LLP as statutory auditors for a second term of five years. Additionally, the ESOP pool was increased, Ramakrishna Pendyala resigned as CFO effective May 15, 2026, and Subhadeep Pal was appointed as the new CFO from May 16, 2026. The 27th AGM will be held on September 11, 2026, with a record date of September 4, 2026.
Key Highlights
- Recommended final dividend of ₹3.50 per share (35%) for FY26.
- Approved reappointment of Price Waterhouse as statutory auditors.
- Increased ESOP pool from 813,000 to 1,025,000 stock options.
- Ramakrishna Pendyala resigned as CFO, effective May 15, 2026.
- Subhadeep Pal appointed as CFO, effective May 16, 2026.
Price Impact
More from STOVEKRAFT