Stove Kraft appoints Chandru Kalro as Vice Chairperson

Stove Kraft Ltd has appointed Mr. Chandru Kalro as an Additional Director and Vice Chairperson, effective July 02, 2026, subject to shareholder approval. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee during a meeting held on July 02, 2026. Mr. Kalro joins the board in the category of Non-Executive Non-Independent Director.

Profile and Background

Mr. Chandru Kalro is an engineer in Electronics and Communication and a distinguished business leader with over 35 years of experience in the consumer durable industry. He commenced his career with BPL Limited, where he spent seven years in various sales and marketing roles. In March 1993, he joined TTK Prestige Limited as a Product Manager and went on to hold several leadership positions across product management, sales, marketing, and corporate strategy.

He was appointed as the Managing Director of TTK Prestige in April 2015 and led the company until his retirement in September 2024. During his tenure, he played a pivotal role in strengthening market leadership, driving business growth, expanding the product portfolio, enhancing brand equity, and building a strong omni-channel distribution network. Mr. Kalro is an alumnus of the Indian Institute of Management Ahmedabad (IIM Ahmedabad), having completed an Executive Development Programme (EDP) on "Enhancing Shareholder Value".

Appointment Details

The following table summarises the key details of the appointment as disclosed to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Particulars:	Details
Name of Director:	Mr. Chandru Kalro
Designation:	Additional Director (Non-Executive Non-Independent) and Vice Chairperson
Date of Appointment:	02 July 2026
DIN:	03474813
Relationship with Promoters/Directors:	Not related
Regulatory Status:	Not debarred by SEBI or any statutory authority/court

The disclosure confirms that Mr. Chandru Kalro is not related to any of the promoters or directors of the company. Furthermore, he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other statutory authority or court.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.37%	+1.33%	+24.63%	+33.79%	+32.30%	+4.72%

Stove Kraft is poised for a notable shift in its business mix, with induction cooktops expected to significantly increase their contribution to the company's overall revenue. According to a report by CNBC TV18, the cooking appliances segment is anticipated to double its share this year relative to the previous year.

Induction Cooktops Set to Double Contribution

The cooking appliances category, led by induction cooktops, currently makes up 30% of Stove Kraft's business and is expected to reach that level this year compared to a 15% share last year. The following table summarizes the reported shift in segment contribution:

Metric:	This Year (Expected)	Last Year
Induction Cooktops Contribution:	30%	15%

This anticipated doubling of the induction cooktops segment underscores a meaningful change in the company's product mix. The development highlights growing momentum in the cooking appliances vertical within Stove Kraft's broader portfolio.

Key Highlights

Induction cooktops are expected to contribute 30% to Stove Kraft's business this year
This represents a doubling from the 15% share recorded last year
The update was reported by CNBC TV18

The reported increase in the cooking appliances segment's share reflects a notable evolution in Stove Kraft's business composition, with induction cooktops emerging as a more prominent contributor to the company's overall operations.