Studds Accessories Limited’s Board of Directors convened on October 31, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. In addition, the board approved the grant of 1,30,000 Employee Stock Options under the ‘Studds ESOP Scheme 2026’ to eligible employees. The financial results were prepared in compliance with SEBI Listing Regulations.
Board Meeting Outcomes
Studds Accessories Limited announced that its Board of Directors met on Saturday, October 31, 2026. During the meeting, the board considered and approved key financial and governance matters. The primary outcomes of the meeting include the approval of the unaudited standalone and consolidated financial results for the quarter and half-year period ending September 30, 2026. These results were accompanied by limited review reports from the company’s statutory auditors, Rajan Chhabra & Co., Chartered Accountants.
Employee Stock Option Grant
A significant decision made during the board meeting was the approval of the grant of 1,30,000 Employee Stock Options (‘Options’) under the ‘Studds Accessories Limited Employee Stock Option Scheme, 2026’ (also referred to as the ‘Studds ESOP Scheme 2026’). This grant is designated for identified eligible employees. The meeting commenced at 17:45 P.M. (IST) and concluded at 18:25 P.M. (IST).
Financial Highlights (Unaudited)
The financial statements for the quarter and half-year ended September 30, 2026, show Studds Accessories Limited reporting a profit before tax of ₹211.38 million for the quarter and ₹389.44 million for the half-year. Total comprehensive income for the same periods stood at ₹155.74 million and ₹288.52 million respectively. Basic and diluted earnings per share for the quarter were ₹3.94, and for the half-year, they were ₹7.31.
Consolidated Performance
On a consolidated basis, Studds Accessories Limited reported a profit before tax of ₹204.11 million for the quarter ended September 30, 2026, and ₹376.07 million for the half-year. The total comprehensive income for the consolidated entity was ₹149.12 million and ₹271.19 million for the respective periods. Consolidated basic and diluted earnings per share were ₹3.75 for the quarter and ₹6.87 for the half-year.
Balance Sheet Snapshot
As of September 30, 2026, the standalone total assets of Studds Accessories Limited were ₹6,565.67 million, with total equity at ₹5,416.67 million. Consolidated total assets stood at ₹6,582.09 million, with total equity at ₹5,382.80 million.
Other Disclosures
The company also noted the incorporation of a wholly-owned subsidiary in Italy, SMK Helmets Europe SRL, on May 22, 2026. Additionally, a further investment was made in its US-based wholly-owned subsidiary, Bikerz US Inc. The financial results and disclosures will be made available on the company’s website and the websites of the stock exchanges.
Source: BSE
