Stove Kraft Limited has announced a revision in its credit ratings by ICRA Limited, reflecting improved financial standing and creditworthiness. The rating agency communicated the changes to the company on December 18, 2025.

Credit Rating Upgrades

ICRA has revised both the long-term and short-term credit ratings for Stove Kraft's bank facilities, showing improvement across both categories.

The upgrade in the long-term rating from [ICRA]A- (Positive) to [ICRA]A (Stable) represents a notch improvement in the credit quality assessment. Additionally, the outlook has changed from Positive to Stable. The short-term rating enhancement from [ICRA]A2 to [ICRA]A1 reflects improved liquidity and short-term debt servicing capabilities.

Regulatory Compliance

The company has made this disclosure in accordance with Regulation 30 of SEBI Listing Regulations, read with the SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation has also been uploaded on the company's official website.

Company Information

Stove Kraft Limited operates from its registered office at Harohalli Industrial Area, Karnataka, and maintains its corporate office in Bengaluru.

This credit rating revision demonstrates the company's strengthened financial profile and enhanced ability to meet its debt obligations.

Stove Kraft Limited, a prominent kitchen appliances manufacturer, has taken a significant step in enhancing employee engagement and ownership. The company recently announced the allotment of equity shares under its Employee Stock Option Plan (ESOP), demonstrating its commitment to aligning employee interests with those of the organization.

ESOP Allotment Details

Stove Kraft's Nomination and Remuneration Committee has approved the allotment of equity shares to eligible employees under the StoveKraft Employee Stock Option Plan 2018. Here are the key details of the allotment:

Impact on Company's Capital Structure

The recent allotment has resulted in changes to Stove Kraft's capital structure:

This allotment represents a marginal increase in the company's equity base, with the total number of shares rising by 5,821 units.

Implications of the ESOP Allotment

The implementation of the Employee Stock Option Plan serves multiple purposes for Stove Kraft:

1. Employee Retention: By offering equity ownership, the company aims to retain talented employees and foster a sense of belonging.

2. Performance Motivation: ESOPs can serve as a powerful tool to motivate employees, as the value of their shares is directly linked to the company's performance.

3. Alignment of Interests: This move helps align the interests of employees with those of shareholders, potentially leading to improved overall company performance.

While the current allotment represents a small fraction of the company's total equity, it signifies Stove Kraft's ongoing commitment to its employee incentive programs. As the company continues to grow, such initiatives may play a crucial role in attracting and retaining top talent in the competitive kitchen appliances industry.