Stove Kraft Limited — Others, 24-01-2025: ESOP/ESOS/ESPS

Stove Kraft has announced a board meeting regarding the allotment of 18,261 equity shares following the exercise of options under the Stove Kraft Employee Stock Option Plan 2018. Post-allotment, the company's paid-up capital has risen to Rs. 33.08 crore, now comprising 3,30,75,826 equity shares of Rs. 10 each. This move could enhance employee retention and motivation, positively impacting operational performance. Investors may view this as a constructive step towards aligning employee interests with company performance, potentially fostering a positive outlook for share value.