Recommendation of Dividend by Board
STUDDS · price
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Studds Accessories Ltd's Board has recommended a dividend of ₹3 per equity share (60% of face value ₹5) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company reported strong standalone FY26 results with net profit of ₹837.53 million, up 18.3% from ₹707.78 million in FY25. Revenue from operations grew 8.2% to ₹6,301.85 million, while basic EPS improved to ₹21.28 from ₹17.99. The Board also approved an Employee Stock Option Scheme 2026 (ESOP) for up to 0.75% of equity capital (max 2,97,381 options), appointed Mr. Bharat Goyal as new CFO effective July 1, 2026, and engaged Deloitte Haskins & Sells LLP as internal auditors for FY 2026-27.
The recommended dividend signals continued shareholder returns and reflects the company's improved profitability. The leadership changes and ESOP scheme indicate focus on talent retention and governance enhancement.