Key Event and Date

Communication regarding the registration of the WOS was received on May 25, 2026, at 16:11 (IST). The incorporation is now complete.

Subsidiary Details

Name: SMK Helmets Europe SRL

Location: Via Ruggero da Vezzano 29/3, Reggio Emilia 42123, Italy

Authorized Capital: €300,000 (Euro three hundred thousand)

Ownership: 100% stake held by Studds Accessories Limited

Business Activities

The principal business activity of SMK Helmets Europe SRL will be:

  • Import, export, wholesale, and retail distribution (including via e-commerce) of protective helmets, accessories, spare parts, clothing, and footwear for motorcycling, cycling, sports, and personal safety use.
  • Dealing in accessories and spare parts for motor vehicles, scooters, and bicycles.
  • Providing related marketing, logistics, and warehousing support on its own behalf and/or for third parties, particularly the parent company and other group companies.

Purpose and Strategic Rationale

The WOS was incorporated to strengthen the company's presence in Europe and is a part of its global growth strategy. The business pursued by the WOS is similar to the main line of business of Studds Accessories Limited.

Governance and Management

  • The Board of SMK Helmets Europe SRL is constituted in compliance with the Italian Civil Code.
  • Day-to-day operations are managed by a locally appointed Director and Chief Executive Officer, Mr. Matteo Schieppati, an independent professional not related to the parent company.
  • Mr. Sidhartha Khurana, Promoter and Managing Director of Studds Accessories Limited, is also on the board of the WOS.

Transaction Details

Consideration: The subscription of equity shares was made via a cash consideration.

Cost of Acquisition: €300,000 (Euro three hundred thousand only) for a 100% stake.

Related Party Transaction Status

Studds Accessories Limited became the holding company of SMK Helmets Europe SRL upon its incorporation, making the WOS a related party. Except for the shareholding and Mr. Khurana's board position, no promoter/promoter group/group company has any other interest in the transaction. The company states the transaction was conducted at arm's length.

Regulatory Approvals

The incorporation/registration was completed as per approvals from the relevant statutory authorities, including European Authorities.

Financial and Operational Impact

Size/Turnover: Not applicable as it is a newly incorporated entity.

Financial Impact: The cash outflow for the investment is €300,000.