Stove Kraft Limited shareholders approved a final dividend of ₹3.50 per equity share for FY26 at the company’s 27th Annual General Meeting held on September 11, 2026.

The meeting, conducted via video conference, also saw the approval of key board appointments and the reappointment of statutory auditors. All resolutions placed before members were passed with the requisite majority.

Key Resolutions Passed

Shareholders approved ordinary business items including the adoption of audited financial statements for the year ended March 31, 2026. The auditors’ report contained no qualifications or adverse remarks.

Special business resolutions included:

• Reappointment of Mrs. Neha Gandhi as Executive Director
• Appointment of Mr. Chandru Kalro as Non-Executive Non-Independent Director
• Reappointment of Mr. Anup Sanmukh Shah as Independent Director
• Approval of modifications to the Stove Kraft Employee Stock Option Plan 2018
• Ratification of remuneration for Cost Auditors M/s. G S & Associates for FY27

Governance and Compliance

Price Waterhouse Chartered Accountants LLP was reappointed as Statutory Auditors for a further five-year term. The Company Secretary informed members that remote e-voting facilities were provided in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Mr. Avinash Gupta, Independent Director, was unable to attend due to travel commitments. Managing Director Mr. Rajendra Gandhi addressed members on operational and financial performance during the session.

Stove Kraft has dispatched its Annual Report for the financial year ended March 31, 2026 (FY26), along with the Notice for its 27th Annual General Meeting (AGM). The AGM is scheduled to be held on Friday, September 11, 2026, at 11:00 am via video conference or other audio-visual means (VC/OAVM). The record date for determining shareholders eligible to attend the meeting and receive the proposed dividend is fixed for Friday, September 4, 2026.

Financial Highlights and Dividend

The Board of Directors has recommended a final dividend of ₹3.50 per equity share of face value ₹10 each (representing 35%) for FY26. If declared at the AGM, the dividend will be paid within 30 days of the meeting date.

For FY26, Stove Kraft reported revenue from operations of ₹16,074.24 million, an increase from ₹14,498.17 million in FY25. Net profit rose to ₹419.91 million in FY26, compared to ₹385.05 million in the previous year. Profit before tax stood at ₹509.83 million, up from ₹487.88 million in FY25.

Board Appointments and Reappointments

The AGM will consider several key personnel changes:

• Mrs. Neha Gandhi: Reappointment as Executive Director for five years, effective September 30, 2026. Her proposed annual remuneration includes a basic salary of ₹40,04,000, house rent allowance of ₹22,17,600, conveyance allowance of ₹12,40,812, and variable pay of ₹15,40,000.
• Mr. Anup Sanmukh Shah: Reappointment as Non-Executive Independent Director for a second term of five years, from November 2, 2026, to November 1, 2031.
• Mr. Chandru Kalro: Appointment as Non-Executive Non-Independent Director and approval for professional fees. Mr. Kalro, former Managing Director of TTK Prestige, will receive a retainer fee of ₹2 crore per annum plus milestone-linked incentives tied to revenue and EBITDA targets for FY29 and FY31.

Other Resolutions

Shareholders will also vote on the following matters:

• ESOP Expansion: Modification of the Stove Kraft Employee Stock Option Plan 2018 to increase the total quantum of options from 813,000 to 1,025,000 stock options.
• Auditors: Reappointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a second term of five years, covering FY27 to FY31.
• Cost Auditors: Ratification of remuneration for M/s. G S & Associates as Cost Auditors for FY27, amounting to ₹1,25,000 plus applicable taxes.

E-Voting Details

Remote e-voting will be available from September 8, 2026, at 9:00 am to September 10, 2026, at 5:00 pm, through KFin Technologies Limited. Shareholders holding shares as on the cut-off date of September 4, 2026, are eligible to cast their votes electronically. Members who have not registered their email addresses and mobile numbers are requested to register with KFin to receive copies of the Annual Report and AGM Notice.