Studds Accessories Limited has informed the Exchange that Board of Directors at its meeting held on May 23, 2026, recommended Dividend of Rs. 3 per equity share.
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Studds Accessories Limited reported strong FY2026 results with revenue from operations of Rs. 6,302 million (up 8% YoY from Rs. 5,826 million). Net profit grew 18% to Rs. 838 million from Rs. 708 million. The Board recommended a dividend of Rs. 3 per equity share (60% on face value of Rs. 5), subject to shareholder approval at AGM. The company also announced a new Employee Stock Option Scheme 2026 (ESOP) covering up to 0.75% of equity capital (max 297,381 options). Leadership changes include Mr. Bharat Goyal appointed as new CFO effective July 1, 2026, replacing Mr. Manish Mehta who steps down but continues as VP-Taxation & Compliance. Deloitte Haskins & Sells LLP appointed as new internal auditors.
The dividend declaration signals strong cash generation and shareholder-friendly approach. The 18% profit growth with improved margins is positive for investors. ESOP issuance may have modest dilution impact but aligns employee and shareholder interests.