Board Meeting31 Oct 2026, 07:41 pm
Studds Accessories Approves Unaudited Financial Results and ESOP Grant
AI Summary
Studds Accessories Ltd announced the outcome of its Board Meeting held on October 31, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Additionally, the Board and Nomination and Remuneration Committee approved the grant of 1,30,000 Employee Stock Options under the Studds Accessories Limited Employee Stock Option Scheme, 2026, to eligible employees. The exercise price for these options is set at INR 334.90 per option, representing a 15% discount to the market price.
Key Highlights
- Board approved unaudited financial results for Q2 FY27 and H1 FY27.
- 1,30,000 Employee Stock Options granted under Studds ESOP Scheme 2026.
- ESOP exercise price set at INR 334.90, a 15% discount to market price.
- Options are convertible into equity shares of face value INR 5.
- Limited review reports from statutory auditors were also approved.
Price Impact
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