STOVE KRAFT Share price

The Company was incorporated as Stove Kraft Private Limited on June 28 1999 with a certificate of incorporation issued by the RoC at Bengaluru Karnataka India as a private limited company under the Companies Act 1956 and commenced its business on June 28 1999. Subsequently the Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders at the EGM on May 28 2018 and the name of the Company was changed from Stove Kraft Private Limited to Stove Kraft Limited and a fresh certificate of incorporation consequent upon change of name was issued to the Company by the RoC on August 13 2018.Major events milestones and achievement of the Company :1999- The Company was incorporated as Stove Kraft Private Limited2001- Granted trademark registrations for the brand Gilma2003- Granted trademark registrations for the brand Pigeon2004- Commenced manufacturing at the Baddi unit2008- SIDBI purchased 100 Equity Shares in the Company- Received factory license for commencing operations for the Unit I at the Bengaluru Facility2010- Investment into the Company by SCI- Recorded total revenues of more than ?3000 million2011- Recorded total revenues of more than ?5000 million- Implemented SAP Business One at the manufacturing facilities2013- Bought and installed Roller Coating Line and Finishing Lines machine at the Bengaluru Facility- Investment into the Company by SCI and SCI-GIH2014- Commenced exports to a retailer in the USA- Received factory license for commencing operations for the unit II of the Bengaluru Facility2015- Certificate of registration of design was granted for the product ‘Pressure cooker’ granted by the Patent OfficeGovernment of India2016- Implementation of quality management system in accordance with ISO 9001:2008 for the scope of design and development manufacture and supply of LPG stoves pressure cookers non-stick cook wares mixer grinders andtrading of kitchen and home appliances by TUV-SUD South Asia Private Limited- Entered into licensing agreement with Stanley Black & Decker Inc. and The Black and Decker Corporation- Acquisition of manufacturing unit from Saya Industries2017- Best fill rate accreditation received from Flipkart for the Pigeon products list on Flipkart’s Big Billion Day2018- Achieved sales of 9.1 million total units in Fiscal 20182019- Commenced the manufacture of Pigeon LED products at the Bengaluru facility- Commenced the manufacture of inner lid cookers in the Baddi facility2020- Commenced the manufacture of infrared thermometers floor mops and handy vegetable choppers and trading of pulse oximetersAwards and Accreditations :2012- Awarded a “Star Performer” award (2011-12) in the Domestic Appliances and Parts thereof Small Enterprises Category by EEPC India 2013- Gold Award by Quality Circle Forum of India Bengaluru Chapter2014- Gold Award by Quality Circle Forum of India Bengaluru Chapter2015- Award for being the Presenting Sponsor for ‘Tiecon Hubli 2015’- Silver Award by Quality Circle Forum of India Bengaluru2016- Award for “Highest Selling Non-Fuel Partner in the kitchenware category (2015-2016)” by Indian Oil- Pigeon listed as one of the “Most Admired Brands 2016” by White Page International- Award for “Overall Highest Export/Import and Bonding-2016” by Marigold Logistics Private Limited- Certificate of Quality Management System in accordance with ISO 9001: 2008 for the scope of design and development manufacture & supply of LPG stoves pressure cookers non-stick cook wares mixer grinders and trading of kitchen and home appliances by the certification body of TUV SUD South Asia Private Limited