Studds Accessories Limited promoters have declared that no encumbrance was created on the equity shares held by them during FY26. The declaration, made by Managing Director Sidhartha Bhushan Khurana on behalf of the promoter and promoter group, covers the period from the company's listing date on November 7, 2025, to March 31, 2026. The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Limited 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. A copy of the declaration was also forwarded to the Audit Committee of Studds Accessories Limited.

Studds Accessories reported an 18.7% increase in net profit to ₹826.53 million for the financial year 2025-26, compared to ₹696.43 million in the previous year. Revenue from operations for the year stood at ₹6,342.33 million, up 8.6% from ₹5,839.51 million in FY25. EBITDA for the year rose 16.4% to ₹1,222 million, with margins improving to 19.3%. The company announced these results during its earnings conference call held on May 25, 2026.

Key Financial Highlights (Consolidated)

The following table summarises the key annual financial metrics:

Q4 Performance

For the quarter ended March 31, 2026, Studds Accessories posted strong year-on-year improvement across key metrics. Net profit rose to ₹210.99 million from ₹198.90 million in the same quarter of the previous year. Revenue from operations came in at ₹1,675.42 million compared to ₹1,497.51 million in the year-ago period. EBITDA for the quarter stood at ₹318 million versus ₹273 million, with EBITDA margins expanding to 19.11% from 18.37% year-on-year.

Board Decisions and Dividend

The Board of Directors has recommended a dividend of ₹3 per equity share of face value ₹5 each for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the Board approved the formulation of the Studds Accessories Limited Employee Stock Option Scheme 2026. The scheme proposes granting options not exceeding 0.75% of the post-issued equity share capital, exercisable into up to 2,97,381 equity shares.

Management Changes

The Board announced key management appointments effective July 1, 2026. Mr. Manish Mehta will step down as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) to assume the role of Vice President- Taxation & Compliance. Mr. Bharat Goyal has been appointed as the new CFO and KMP. The Board also appointed Deloitte Haskins & Sells LLP as Internal Auditors for FY 2026-27.

Expansion Plans

The company is expanding its presence in Europe, with operations in Italy expected to commence in Q2FY27. A Phase-I capacity expansion of 1.5 million helmets per annum is progressing as planned and is expected to start operations by Q2FY27. An additional 1.5 million helmets are planned for expansion over the next 15–18 months. Post completion, the total installed capacity will increase by 30% over FY26 levels to 12.5 million helmets per annum.