Studds Accessories Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved the grant of 1,30,000 Employee Stock Options under the ‘Studds ESOP Scheme 2026’ to eligible employees. The company’s financial statements and limited review reports were presented and approved during the meeting held on October 31, 2026.
Board Approves Financial Results and ESOP Grant
Studds Accessories Limited has announced a significant outcome from its Board of Directors meeting held on Saturday, October 31, 2026. The Board considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Reports from the Statutory Auditors, Rajan Chhabra & Co., have been submitted in compliance with SEBI Listing Regulations.
Employee Stock Option Scheme Approved
In addition to the financial results, the Board of Directors, in conjunction with the Nomination and Remuneration Committee, has approved the grant of 1,30,000 Employee Stock Options (‘Options’) under the ‘Studds Accessories Limited Employee Stock Option Scheme, 2026’. These options are intended for identified Eligible Employees. The grant marks a key step in the company’s employee incentive strategy.
ESOP Scheme Details
The granted options represent an ‘ESOP Grant I’ with an effective date of October 31, 2026. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each option is convertible into one Equity Share of the company with a face value of INR 5. The exercise price is set at INR 334.90 per option, which represents a 15% discount to the market price of INR 394.00 as of October 30, 2026. The vesting schedule and exercise period are detailed within the ESOP Scheme document, with options generally exercisable within five years of vesting, subject to specific conditions and trading window restrictions.
Financial Highlights
The financial results reveal that for the quarter ended September 30, 2026, Studds Accessories reported a total income of ₹1,858.66 million and a profit after tax of ₹155.02 million. For the half-year ended September 30, 2026, total income stood at ₹3,560.53 million with a profit after tax of ₹287.54 million. The standalone balance sheet as at September 30, 2026, shows total assets of ₹6,565.67 million and total equity of ₹5,416.67 million.
Board Meeting Details
The Board Meeting commenced at 17:45 P.M. (IST) and concluded at 18:25 P.M. (IST) on October 31, 2026. The financial results and related information will be available on the company’s website at www.studds.com under the Investor Relations section.
Source: BSE
