Annual General Meeting and Corporate Governance

Studds Accessories Limited will hold its 44th Annual General Meeting on September 5, 2026 through video conferencing to approve audited financial statements for FY2025-26, declare a final dividend of ₹3 per equity share (60% of face value), and re-appoint Ms. Shilpa Arora as Whole-time Director. The record date for dividend entitlement and voting rights is August 29, 2026, with remote e-voting available from September 2-4, 2026.

Financial Performance Highlights

Studds reported strong FY2025-26 performance with revenue from operations of ₹6,342.33 million (8.6% YoY growth) and profit after tax of ₹826.53 million (18.7% YoY growth). Export sales grew significantly by 30% to ₹1.24 billion while domestic sales increased 4.1% to ₹5.07 billion. The company maintained healthy financial ratios with current ratio of 2.68, net profit margin of 13.29%, and return on equity of 17.18%.

Capital Structure and Dividend

Following bonus shares issued in the previous year in 1:1 ratio, the company's paid-up equity capital stands at 39,353,400 shares of ₹5 each. The recommended dividend of ₹3 per share represents a total payout of ₹118.06 million. Promoter shareholding decreased to 58.51% from 70.20% in FY25 due to the bonus issue dilution.

Employee Stock Option Scheme 2026

Shareholders will vote on a special resolution to approve the Studds Accessories Limited Employee Stock Option Scheme 2026, which grants up to 297,381 options representing 0.75% of paid-up equity capital on a fully diluted basis. The scheme features performance-based vesting criteria, a 5-year exercise window post-vesting, and will be implemented through direct primary allotment of new shares without involving a trust.

Subsidiary Acquisition and Expansion

The company completed the acquisition of 100% shares of Bikerz US Inc for $304,963 (₹25.61 million) with additional investment of ₹17.45 million during FY26, bringing total investment to ₹43.06 million. This acquisition aims to achieve synergy, facilitate expansion, and enable cost savings and geographic diversification.

Corporate Compliance and Reporting

The annual report includes comprehensive management discussion, corporate governance report, and audited financial statements. The company confirmed compliance with SEBI Listing Regulations, Companies Act 2013, and relevant MCA circulars. CSR expenditure of ₹14.60 million was fully utilized during the year for healthcare, education, and environmental sustainability initiatives.