ESOP23 May 2026, 10:21 pm
Studds Accessories: ESOP Scheme 2026 Approved
AI Summary
The Board of Directors of Studds Accessories Ltd approved the Studds Accessories Limited Employee Stock Option Scheme 2026 (Studds ESOP Scheme 2026) for eligible employees. The board also approved the audited financial results for FY26, recommended a dividend of ₹3 per share, noted the stepping down of CFO Manish Mehta, appointed Bharat Goyal as CFO, and appointed Deloitte Haskins & Sells LLP as Internal Auditors for FY27.
Key Highlights
- Studds ESOP Scheme 2026 approved, granting stock options to eligible employees.
- Maximum 297,381 equity shares can be granted under the ESOP Scheme.
- Dividend of ₹3 per share (60%) recommended for FY 2025-26, subject to shareholder approval.
- Manish Mehta to step down as CFO, Bharat Goyal appointed as CFO, effective July 1, 2026.
- Deloitte Haskins & Sells LLP appointed as Internal Auditors for FY 2026-27.
Price Impact
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