Stove kraft Limited has announced the resignation of Mr. Mayank Gupta from his position as Chief Growth Officer, effective 27 February 2026. The company informed stock exchanges about this senior management change through a regulatory filing under Regulation 30 of SEBI listing obligations.

Resignation Details

The company provided comprehensive details about the leadership transition as required by regulatory guidelines:

Key Achievements During Tenure

In his resignation letter, Gupta highlighted significant accomplishments during his 4-year association with Stove Kraft Limited. He specifically mentioned his role in developing the company's retail vertical from its inception to a substantial network spanning across India.

The retail expansion under his leadership resulted in:

• Building retail network from ground up
• Establishing 300+ store strong presence
• Achieving wide geographical spread across India
• Creating robust retail infrastructure for the company

Leadership Transition

Gupta expressed gratitude for the trust and support extended during his tenure, describing his experience as a privilege to work alongside exceptional professionals. He acknowledged the learning opportunities and experiences gained while leading the retail vertical's growth trajectory.

The resignation letter emphasized his continued respect for the organization and wished the company sustained success in future endeavors. Stove Kraft Limited has filed all requisite documentation with BSE and NSE as per SEBI circular requirements dated 11 November 2024.

Regulatory Compliance

The company fulfilled its disclosure obligations by providing detailed information to both stock exchanges. The filing included the resignation letter and comprehensive details about the leadership change, ensuring full transparency with stakeholders and regulatory compliance under SEBI listing regulations.

Stove Kraft is making significant strides toward financial stability, with the company setting an ambitious target to achieve cash debt-free status by the end of the current year. This strategic financial goal reflects the company's focused approach to debt reduction and operational efficiency.

Current Financial Position

The company has made substantial progress in reducing its debt burden, with key financial metrics showing marked improvement:

Growth Prospects in Cooktop Sector

Stove Kraft has identified promising growth opportunities in the cooktop segment, with expansion plans tied to regulatory developments. The company expects significant growth prospects in the cooktop sector to materialize after September 2026, coinciding with the implementation of new BIS (Bureau of Indian Standards) regulations. These regulatory changes are anticipated to create favorable market conditions for the company's cooktop business.

Chimney Business Outlook

The company's chimney business segment is positioned for improvement based on two key factors. First, the stabilization of production processes is expected to enhance operational efficiency and product quality. Second, a reduction in imports is anticipated to create better market conditions for domestic manufacturers like Stove Kraft.

Strategic Focus Areas

The company's strategic approach encompasses both immediate financial objectives and medium-term growth planning:

• Debt Reduction: Achieving cash debt-free status by year-end
• Sector Expansion: Leveraging regulatory changes in the cooktop market
• Operational Efficiency: Stabilizing production in the chimney segment
• Market Positioning: Benefiting from reduced import competition

This comprehensive approach positions Stove Kraft for sustainable growth while maintaining financial discipline and operational excellence across its product portfolio.