General-Updates approval of Studds Accessories Limited Employee Stock Option Scheme 2026 by the Board
STUDDS · price
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Studds Accessories Ltd reported strong FY2025-26 results with revenue from operations growing 8.2% year-on-year to Rs 6,301.85 million and profit after tax rising 18.3% to Rs 837.53 million. Basic and diluted EPS stood at Rs 21.28 compared to Rs 17.99 in the previous year. The Board recommended a dividend of Rs 3 per equity share (60% on face value of Rs 5), subject to shareholder approval. The company also approved a new Employee Stock Option Scheme 2026 covering up to 0.75% of post-issued equity share capital (up to 2,97,381 shares). Leadership changes include Mr. Manish Mehta stepping down as CFO (moving to VP-Taxation & Compliance) and appointment of Mr. Bharat Goyal as new CFO effective July 1, 2026. Deloitte Haskins & Sells LLP was appointed as internal auditor for FY 2026-27. The equity shares were listed in FY26 through an offer for sale by existing shareholders, with no fresh capital raised.
The company delivered robust double-digit profit growth with improving cash position (Rs 702.74 million vs Rs 386.11 million YoY), signaling strong operational performance. The new ESOP scheme may help retain key talent. The CFO transition appears planned with continuity ensured, and dividend recommendation shows commitment to shareholder returns.