Update on Incorporation of a Wholly Owned Subsidiary & Joint Venture in China

13 August 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 543260 NSE Symbol: STOVEKRAFT Dear Sir / Madam, Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Update on Incorporation of a Wholly Owned Subsidiary & Joint Venture in China This has reference to our later dated 25 May 2026 vide which we intimated that the Board of Directors of the Company have given In-Principle approval for Incorporation of a Wholly Owned Subsidiary (WOS) and Joint Venture in China (copy enclosed). Further to the said letter, we wish to inform Wholly Owned subsidiary Company has been incorporated with in China with name “Guangzhou Jiawo Import & Export Co. Ltd” and investment has been made on 12 August 2026. With respect to Joint venture we wish to inform that “Yushan Wosituo New Materials Co., Ltd.”, a Joint Venture Company has been formed in China with 50-50 investment between WOS and Ningbo Wochi New Materials Co.,Ltd. WOS will make investment in Joint Venture Company soon. The details required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 with respect to WOS and Joint Venture is enclosed as Annexure A and B. This is for your information and records. Thanking you, Yours faithfully, For Stove Kraft Limited Shrinivas P Harapanahalli Company Secretary & Compliance Officer The requisite details required pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30 January 2026 are as under: Annexure –A S. Particulars Details 1 Name of the target entity, A Wholly Owned Subsidiary (“WOS”) with name brief in size & turnover Guangzhou Jiawo Import & Export Co. Ltd. has been incorporated in People's Republic of China and investment of CNY 10 Million has been made on 12 August 2026. The Registered Capital of the Company is CNY 20 Million. 2 Whether the acquisition The WOS will be a related party of the Company upon would fall within related incorporation thereof. Save and except as mentioned party transaction(s) and above, the promoter/promoter group/ group companies whether the promoter/ are not interested in the proposed WOS. promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3 Industry to which the entity Trading of goods that may be required for the Company being acquired belongs from time to time. 4 Objects and impact of In order to expand its business operations, secure supply acquisition (including but chain control with backward integration with better not limited to, disclosure of quality and cost advantage for the Company. reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); 5 Brief details of any Requisite approvals from Reserve Bank of India and governmental or regulatory approvals under the applicable laws of People's Republic approvals required for the of China have been obtained for Incorporation of WOS. investment in target entity 6 Indicative time period for Not applicable. completion of the acquisition; 7 Consideration- whether cash Cash consideration. consideration or share swap or any other form and details of the same; 8 Cost of acquisition and/or Not Applicable the price at which the shares are acquired 9 Percentage of shareholding / 100% control acquired and / or number of shares acquired 10 Brief background about the WOS is yet to commence business operations. entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief Annexure – B S. Particulars Details 1 Name(s) of parties with whom the Yushan Wosituo New Materials Co., Ltd., a Joint agreement is entered; Venture Company has been formed in China with 50-50 investment between WOS and Ningbo Wochi New Materials Co.,Ltd.. WOS will be making investment in Joint Venture Company soon. The Joint Venture Agreement will executed soon. 2 Purpose of entering into the For Manufacture of triply sheets / circles for use in agreement; cookware and such other products as may be required from time to time. 3 Shareholding, if any, in the entity 50:50 with whom the agreement is executed; 4 Significant terms of the agreement Right to appoint Directors – WOS and JV Partner (in brief) special rights like right shall have the authority to appoint or change their to appoint directors, first right to nominees on the board of directors of the JV share subscription in case of Company. issuance of shares, right to restrict First right of share subscription in case of issuance any change in capital structure of shares – in equal proportion to both JV etc.; shareholders Right to restrict any change in capital structure – Any change in capital structure to be jointly approved by both. 5 Whether, the said parties are No. related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 6 Whether the transaction would Yes. All Related Party Transactions will be fall within related party undertaken on arm’s length basis only. transactions? If yes, whether the same is done at “arm’s length”; 7 In case of issuance of shares to the Cash consideration. parties, details of issue price, class of shares issued; 8 Any other disclosures related to WOS shall have the authority to appoint or change such agreements, viz., details of nominee on the board of directors of the JV nominee on the board of directors Company. of the listed entity, potential conflict of interest arising out of such agreements, etc.; 9. in case of termination or Not Applicable amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): a) name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and impact thereof.