Announcement under Regulation 30 -Change in Management- 1. Stepping down of Mr. Manish Mehta from the position of Chief Financial Officer and Key Managerial Personnel of the Company and ....
STUDDS · price
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Studds Accessories Ltd reported strong FY2026 results with revenue from operations of Rs 6,301.85 million, up 8.2% from Rs 5,825.59 million in FY2025. Net profit grew 18.3% to Rs 837.53 million from Rs 707.78 million, with basic EPS at Rs 21.28 versus Rs 17.99 YoY. The Board approved a dividend of Rs 3 per share (60% on Rs 5 face value) subject to shareholder approval, and introduced a new ESOP scheme 2026 covering up to 0.75% of equity (297,381 shares). In key management changes, Mr. Manish Mehta stepped down as CFO and KMP effective July 1, 2026, to be re-designated as VP - Taxation & Compliance. Mr. Bharat Goyal, previously Finance Controller/DGM Finance at Studds and with experience at Tata 1mg and Daikin, has been appointed new CFO and KMP from July 1, 2026. Deloitte Haskins & Sells LLP was appointed as internal auditors for FY2026-27.
The strong profit growth and dividend recommendation are positive signals for shareholders. The CFO transition appears planned and non-adverse given internal succession with an experienced finance professional, though any near-term stock reaction may depend on investor sentiment around the management change.