Stove Kraft Limited — Important, 19-12-2024: Arrangements for strategic, technical, manufacturing, or marketing tie up

Stove Kraft Limited has entered into a supply partnership with IKEA, marking a significant development for the company. Under this partnership, Stove Kraft will create a range of cookware to be sold through IKEA's global network of stores starting in 2026. The manufacturing will be conducted at their Harohalli campus, utilizing a built-up area of 180,000 sq ft. This initiative supports the company's strategy to expand its international presence and adopt global best practices in manufacturing and supply chain operations. Investors should view this collaboration as a potential growth opportunity, enhancing Stove Kraft's market position on a global scale.