Studds Accessories has appointed Bharat Goyal as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from July 1, 2026. This leadership change follows a strategic organizational restructuring aimed at scaling operations across the Studds and SMK brands. Simultaneously, former CFO Manish Mehta has transitioned to the role of Vice President-Taxation & Compliance within the Senior Management category.

Management Changes

The Board of Directors approved these changes during its meeting on May 23, 2026. Manish Mehta, a Chartered Accountant with over 22 years of experience, stepped down as CFO to focus on taxation and compliance. Bharat Goyal, a Chartered Accountant with 17 years of experience in financial control and strategic management, has taken over the financial reins.

Key Appointee Profile

Bharat Goyal brings extensive experience from senior roles at Tata 1mg Technologies Private Limited, Daikin Airconditioning India Private Limited, and Honda Cars India Limited. His expertise includes financial controlling, SAP S/4 HANA implementation, and treasury management. In his new role, he will focus on financial discipline, automation, and strategic decision support.

The revised list of Key Managerial Personnel authorized to determine materiality of events includes Managing Director Sidhartha Bhushan Khurana, Whole-time Director Shilpa Arora, CFO Bharat Goyal, and Company Secretary Asha Mittal.

Studds Accessories Limited promoters have confirmed that no encumbrance was created on the equity shares held by them during FY26. The disclosure, submitted to the National Stock Exchange of India Ltd. and BSE Limited, covers the period from the company's listing date on November 7, 2025, to March 31, 2026. The submission was made under Regulation 31(4) read with Regulation 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The promoter group collectively holds 24,302,320 shares, constituting 61.75% of the total paid-up capital. This includes members of the promoter group who presently hold NIL shares in the company along with persons acting in concert. The declaration confirms that neither the promoters nor the promoter group created or made any encumbrance, directly or indirectly, on their equity shares during the specified financial year.

Shareholding Pattern

The following table details the shareholding of the promoters and members of the promoter group as per the declaration:

The declaration was signed by Sidhartha Bhushan Khurana, Managing Director & Promoter, on April 4, 2026. The filing was submitted to the exchanges by Asha Mittal, Company Secretary and Compliance Officer, on April 7, 2026. A copy of the declaration was also forwarded to the Audit Committee of Studds Accessories Limited.