Studds Accessories confirms no encumbrance on promoter shares for FY26
Studds Accessories Limited promoters confirmed no encumbrance on 24,302,320 shares (61.75%) for FY26. The declaration was filed under SEBI SAST Regulations on April 4, 2026.

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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:
| Name of Promoter / Promoter Group | Category | No. of Equity Shares Held | % of Total Paid-up Capital |
|---|---|---|---|
| Mr. Madhu Bhushan Khurana | Promoter | 11135560 | 28.3 |
| Mr. Sidhartha Bhushan Khurana | Promoter | 11709360 | 29.75 |
| Ms. Shilpa Arora | Promoter | 180000 | 0.46 |
| Ms. Chand Khurana | Promoter Group | 1187400 | 3.02 |
| Ms. Garima Khurana | Promoter Group | 72000 | 0.18 |
| Mr. Anup Kumar Chhibber | Promoter Group | 18000 | 0.05 |
| Mrs. Shobha Arora | Promoter Group | - | - |
| Mr. Govind Rai | Promoter Group | - | - |
| Ms. Indu Mehendiratta | Promoter Group | - | - |
| Ms. Aarti Chawla | Promoter Group | - | - |
| Adhiraj Bhushan Khurana (Minor) | Promoter Group | - | - |
| Ms. Anahita Khurana | Promoter Group | - | - |
| Ms. Versha Chhibber | Promoter Group | - | - |
| Mr. Apurb Chhibber | Promoter Group | - | - |
| Ms. Sonal Chhibber Raj | Promoter Group | - | - |
| Dr. Rohit Veer Arora | Promoter Group | - | - |
| Mr. Veer Vijay Arora | Promoter Group | - | - |
| Mr. Ryan Vir Arora | Promoter Group | - | - |
| Mr. Vijay Kumar | Promoter Group | - | - |
| Mrs. Ritu Kumar | Promoter Group | - | - |
| Mr. Rahul Deep Kumar | Promoter Group | - | - |
| Amar Tara Trust | Promoter Group | - | - |
| Madhu Chand Trust | Promoter Group | - | - |
| Studds Foundation | Promoter Group | - | - |
| Sidhartha Bhushan Khurana (HUF) | Promoter Group | - | - |
| Bikerz Inc. (formerly known as Studds Canada) | Promoter Group | - | - |
| 2768607 Ontario Inc. | Promoter Group | - | - |
| RP Arora and Others (HUF) | Promoter Group | - | - |
| Arora Metals and Allied Products | Promoter Group | - | - |
| Bluegoold Holdings Limited | Promoter Group | - | - |
| Dr. Rohit Arora Dentistry Professional Corporation | Promoter Group | - | - |
| Cinquo Limited, United Kingdom | Promoter Group | - | - |
| Salander SPV Limited | Promoter Group | - | - |
| Total | 24302320 | 61.75 |
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.
Historical Stock Returns for Studds Accessories
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.84% | -3.29% | +4.45% | -12.38% | -15.88% | -15.88% |
Does the absence of share encumbrance indicate that Studds Accessories is prioritizing internal accruals over debt for future expansion?
How might the high promoter concentration of 61.75% impact liquidity and trading volumes for retail investors?
Are there any strategic plans for the promoter group entities currently holding NIL shares to increase their stake in the near future?































