Studds Accessories Board Approves FY26 Audited Results, Recommends ₹3 Dividend, Appoints New CFO
Studds Accessories approved audited FY26 results and recommended a ₹3 per share dividend. The company adopted an ESOP scheme, subject to approvals. Mr. Manish Mehta transitions to VP-Taxation & Compliance, and Mr. Bharat Goyal is appointed CFO, both effective July 1, 2026. Deloitte Haskins & Sells LLP appointed internal auditors for FY27.
The dividend recommendation and key management changes are material events for shareholders and stakeholders, impacting investor confidence and company direction.
The company reported positive financial results, recommended a dividend, and made strategic appointments, indicating stable performance and forward-looking management.
Studds Accessories Limited announced the outcome of its Board Meeting held on May 23, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026, both on a standalone and consolidated basis.
The Board recommended a dividend of ₹3 per equity share (60%) for FY 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company also approved the formulation and adoption of the Studds Accessories Limited Employee Stock Option Scheme 2026, which will be subject to shareholder and regulatory approvals.
In key managerial personnel changes, Mr. Manish Mehta will step down as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective July 1, 2026, and will take on the role of Vice President - Taxation & Compliance. Mr. Bharat Goyal has been appointed as the new CFO and KMP, also effective July 1, 2026. Additionally, Deloitte Haskins & Sells LLP has been appointed as the Internal Auditors for the Financial Year 2026-27.
The Board Meeting commenced at 6:45 PM IST and concluded at 7:45 PM IST. The dates for the AGM and the record date for dividend payment will be communicated in due course.
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Studds Accessories Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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