Stove Kraft Limited has submitted its quarterly compliance certificate under SEBI regulations, demonstrating adherence to mandatory reporting requirements for the quarter ended March 31, 2026. The filing represents a routine regulatory compliance measure required for all listed companies in India.

Regulatory Compliance Details

The certificate was filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018, which mandates companies to report details of securities dematerialized and rematerialized during each quarter. The submission was made to both major Indian stock exchanges on April 6, 2026.

Registrar Certification

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the required certificates to both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The certificates were signed by Bhaskar Roy, Deputy Vice President at KFin Technologies, on April 1, 2026.

The registrar confirmed that all details of securities dematerialized and rematerialized during the quarter have been properly furnished to stock exchanges where Stove Kraft's shares are listed. This certification ensures compliance with SEBI's transparency and reporting requirements for depositories and participants.

Stock Exchange Communication

The company communicated with both BSE Limited and National Stock Exchange of India Limited regarding the compliance filing. Stove Kraft trades on BSE under scrip code 543260 and on NSE under the symbol STOVEKRAFT.

Corporate Information

Stove Kraft Limited operates from its registered office at Harohalli Industrial Area in Ramanagara District, Karnataka, with its corporate office located in Bengaluru. The company maintains its brand portfolio including Pigeon, Gilma, and BLACK+DECKER products in the Indian market.

Stove Kraft promoter Rajendra Gandhi has pledged an additional 2,00,000 shares to Bajaj Finance Limited as security cover for existing loan arrangements. The pledge, representing 0.60% of the company's paid-up capital, was disclosed to stock exchanges on 25 March 2026 under SEBI regulatory requirements.

Share Encumbrance Details

The pledge transaction involves specific parameters that demonstrate the security arrangement between the promoter and the financial institution:

Promoter Holdings and Encumbrance Status

Rajendra Gandhi maintains significant shareholding in Stove Kraft Limited with varying levels of encumbrance across the promoter group:

Financial Security Arrangement

The pledge serves as additional security cover for an existing loan arrangement. The financial metrics reveal the security coverage ratio and underlying transaction value:

• Value of pledged shares: ₹9,75,30,000
• Total amount secured: ₹50,00,00,000
• Security coverage ratio: 0.195
• Purpose: Additional security for 7,75,194 shares purchased on 9th March 2022

Regulatory Compliance

The disclosure fulfills requirements under Regulation 31(1) of Securities Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Key compliance aspects include:

• Encumbered shares represent 15.70% of total promoter group shareholding
• Encumbrance remains below 50% of promoter shareholding threshold
• Encumbrance stays below 20% of total share capital threshold
• Bajaj Finance Limited classified as NBFC (Non-Banking Financial Company)

The transaction maintains adequate security coverage while ensuring compliance with regulatory disclosure norms for listed companies on BSE Limited and National Stock Exchange of India Limited.