Recode Studios promoters acquire shares, increase stake

Members of the promoter and promoter group of recode studios acquired a total of 28,000 equity shares on June 9, 2026, increasing their combined stake in the company. The acquisitions were disclosed to the stock exchange on June 10, 2026, under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The purchases were made by three key individuals associated with the company. Mr. Dheeraj Bansal, Managing Director, acquired 13,600 shares, raising his total holding to 7,57,112 shares, which represents 7.11% of the company's equity. Mr. Karan Bansal, a promoter, purchased 4,000 shares, increasing his stake to 3,81,820 shares, or 3.59% of the total share capital. Additionally, Mrs. Surekha Singla, a member of the promoter group, bought 10,400 shares, resulting in a total holding of 10,400 shares, equivalent to 0.0977%.

The company received the requisite disclosures from these shareholders on June 10, 2026. These disclosures were made in compliance with Regulation 7(2)(a) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The information was subsequently forwarded to BSE Limited via email within the stipulated regulatory timeline.

Shareholding Details

The following table outlines the specific acquisitions and the resulting shareholding percentages for each promoter and promoter group member:

Sr. No.	Name of Shareholder	Category	No. of Shares Acquired	Post-Acquisition Shareholding (No. of Shares)	Post-Acquisition Shareholding (%)
1	Mrs. Surekha Singla	Promoter Group Member	10,400	10,400	0.0977%
2	Mr. Karan Bansal	Promoter	4,000	3,81,820	3.59%
3	Mr. Dheeraj Bansal	Promoter	13,600	7,57,112	7.11%

The filing was signed by Dheeraj Bansal, Managing Director of Recode Studios Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.16%	-6.81%	-6.97%	-14.64%	-14.64%	-14.64%

Recode Studios is expanding its retail footprint through a kiosk-led growth strategy to strengthen market reach and enhance customer accessibility. The company has already launched two kiosks in Delhi during June 2026, receiving an encouraging customer response that validates the potential of the format. Building on this momentum, the firm plans to open 6–8 additional kiosks across strategic high-footfall locations as an extension of its existing retail network.

The expansion was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company intends to leverage its existing Franchise-Owned Franchise-Operated (FOFO) partner network to support the rollout. Local franchise partners will manage the kiosks in their respective markets, helping strengthen execution, improve working capital efficiency, streamline supply chain operations, and enhance local market ownership.

Strategic Benefits

The kiosk model aligns with recode studios ' strategy of pursuing asset-light expansion, enabling faster market penetration without significantly increasing operating complexity. The format allows the company to strengthen brand visibility in premium retail destinations while maintaining operational efficiency. Dheeraj Bansal, Chairman & Managing Director, stated that kiosks offer higher throughput at a lower operating cost while providing strong visibility in locations such as malls.

Operational Details

The rollout relies on the company's established omnichannel presence and its network of local partners. By utilizing the FOFO model, the company aims to ensure better working capital discipline and smoother supply chain operations. The initial kiosks are located at Omaxe Connaught Place in Greater Noida and Omaxe Chowk in Chandni Chowk, Delhi.

Recode Studios Limited offers a diverse portfolio of over 350 SKUs across cosmetics, skincare, and personal care categories. The company focuses on product innovation, branding, marketing, and distribution while leveraging third-party manufacturing capabilities.