Studds Accessories Limited has informed the Exchange about 'Update on Incorporation of Wholly Owned Subsidiary in Italy, Europe'
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Studds Accessories Limited has received confirmation that its Wholly Owned Subsidiary (WOS), SMK Helmets Europe SRL, has been officially registered in Italy on May 25, 2026. The subsidiary has been set up with a capital of EUR 300,000 with 100% stake held by Studds. The WOS will focus on import, export, wholesale and retail distribution of protective helmets, accessories, spare parts, clothing and footwear for motorcycling, cycling, sports and personal safety. It will also handle logistics and warehousing support, potentially for the parent company and group companies. This is part of Studds' global growth strategy to strengthen presence in Europe. The WOS operates in a similar business line to the parent company. Mr. Sidhartha Khurana, Promoter and Managing Director of Studds, is on the board of the WOS, while day-to-day operations are managed by independent professional Mr. Matteo Schieppati.
This is a positive strategic move as Studds expands into Europe through its own subsidiary, which may drive future international revenue growth. The expansion aligns with the company's core business of helmets and accessories.