Studds Accessories Limited 44th AGM Summary

Final dividend of Rs 3 per equity share declared for FY 2025-26.
New ESOP 2026 scheme introduced for employees and subsidiary staff.

Reader Takeaway: Shareholders benefit from a 60% dividend payout, while the new ESOP scheme reflects long-term retention goals.

What just happened

Studds Accessories Limited conducted its 44th Annual General Meeting (AGM) on September 5, 2026, via video conferencing. The meeting served as a forum for stakeholders to vote on key corporate governance and financial matters, including the adoption of the FY 2025-26 financial statements. Leadership confirmed that audit reports for both standalone and consolidated financials remained clean, with no adverse remarks or qualifications noted by auditors.

Dividend and ESOP Proposals

The company has proposed a final dividend of Rs 3 per share. Given the face value of Rs 5 per share, this represents a 60% dividend payout. Additionally, management tabled the 'Studds Accessories Limited Employee Stock Option Scheme 2026'. This resolution seeks approval to grant options to eligible employees, including those within subsidiary companies, to align workforce incentives with long-term shareholder value.

Governance Highlights

The AGM was chaired by Mr. Madhu Bhushan Khurana, Chairman & Managing Director. Other key board members, including Managing Director Sidhartha Bhushan Khurana and CFO Bharat Goyal, were in attendance. Chandrasekaran Associates were appointed to oversee the e-voting process, with results expected to be formalized and uploaded to the BSE and NSE platforms within two working days.

What to track next

Investors should monitor the upcoming formal disclosure of the e-voting results on the exchange websites to confirm the successful passage of the ESOP and dividend resolutions.