Studds Accessories Limited has informed the Exchange about change in Management which covers- Stepping down of Mr. Manish Mehta from the position of Chief Financial Officer(CFO) and Key Managerial Personnel (KMP) of the Company and designated asVice President- Taxation & Compliance in the category of Senior Management of theCompany, effective from July 1, 2026;Appointment of Mr. Bharat Goyal as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective from July 1, 2026; and Appointment of Deloitte Haskins & Sells LLP, as Internal Auditors of the Companyfor the Financial Year 2026-27.
STUDDS · price
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Studds Accessories Limited announced leadership changes at its May 23, 2026 board meeting. Mr. Manish Mehta stepped down as CFO and KMP, being redesignated as Vice President - Taxation & Compliance (Senior Management) effective July 1, 2026. The company appointed Mr. Bharat Goyal, a CA with 17+ years experience from Tata 1mg, as the new CFO and KMP from the same date. Deloitte Haskins & Sells LLP was appointed as Internal Auditors for FY 2026-27. The board also approved the audited FY2026 results showing standalone net profit of Rs 837.53 million (up 18.3% YoY), recommended a 60% dividend (Rs 3 per share), and proposed a new ESOP scheme 2026 covering up to 0.75% equity (297,381 shares) subject to shareholder approval.
The CFO transition appears structured and amicable given Manish Mehta's retention in a senior tax role. Bharat Goyal's appointment from outside brings fresh external perspective while having prior Studds experience. The strong financial performance and new ESOP scheme indicate growth-oriented corporate governance. No red flags on governance from this announcement.