Studds Accessories MD, chairman, board of directors and AGM
NSE: STUDDSBSE: 544599Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹401.00.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,542 Cr1,178th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 8 Aug 2026
- 20.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 23 May 2026
- 2.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.77%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 8 Aug 2026
- 14.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 8 Aug 2026
- 17.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 23 May 2026
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 36,10749.9% delivered
Studds Accessories board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorMadhu Bhushan KhuranaRelated to the promoter
- Managing directorSidhartha Bhushan Khurana
- Company Secretary and Compliance OfficerAsha Mittal
6 directors3 independent3 executive
- Madhu Bhushan Khurana · Chairperson and managing directorExecutive · joined Feb 1983 · 1 listed board · 1 committee seat
- Sidhartha Bhushan Khurana · Managing directorExecutive · joined Jul 1998 · 1 listed board · 2 committee seats
- Shilpa AroraExecutive · joined Aug 2024 · 1 listed board
- Pankaj DuhanIndependent · joined Apr 2018 · reappointed Apr 2023 · 98 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Deepshikha SinglaIndependent · joined Nov 2024 · 19 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Shishira RudrappaIndependent · joined Nov 2024 · 19 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 23 May 20265 of 6 present2 independent · 30 days in between
- 22 Apr 20264 of 6 present2 independent · 80 days in between
- 31 Jan 20264 of 6 present1 independent
Audit Committee
Chair Deepshikha Singla
Sidhartha Bhushan Khurana, Pankaj Duhan, Shishira Rudrappa
- 23 May 20264 of 4 present3 independent · 30 days in between
- 22 Apr 20263 of 4 present2 independent · 80 days in between
- 31 Jan 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Shishira Rudrappa
Deepshikha Singla, Pankaj Duhan
- 23 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Shishira Rudrappa
Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, Pankaj Duhan
- 23 May 20264 of 4 present2 independent
Risk Management Committee
Chair Sidhartha Bhushan Khurana
Shilpa Arora, Pankaj Duhan
- 23 May 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Madhu Bhushan Khurana
Sidhartha Bhushan Khurana, Deepshikha Singla, Shilpa Arora
- 23 May 20264 of 4 present1 independent · 111 days in between
- 31 Jan 20263 of 4 present0 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- RANJAN CHHABRA & COPeer-review certificate valid to Jan 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Studds Accessories AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Studds Accessories dividend history
Annual general meeting, 5 Sep 2026
72,070 shareholders on the register on 29 Aug 2026; present: 4 promoters and 76 others; votes counted by Shashikant Tiwari / Chandrasekaran Associates.The company's voting result (opens in a new tab)
To receive, consider, and adopt (a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors along with its annexures and notes thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended on March 31, 2026 and the report of Auditors and notes thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.24% · promoters 100.00% · institutions 67.65% · other public 13.79%
- To declare Final Dividend of Rupees Three per Equity Share for the Financial Year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.24% · promoters 100.00% · institutions 67.65% · other public 13.79%
- To re-appoint Ms. Shilpa Arora (DIN: 10733950) who retires by rotation, and being eligible, offers herself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.24% · promoters 100.00% · institutions 67.65% · other public 13.79%
- To approve ‘Studds Accessories Limited Employee Stock Option Scheme 2026’Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.24% · promoters 100.00% · institutions 67.65% · other public 13.79%
- To approve grant of ESOP Options to Eligible Employees of Subsidiary Companies, in India or outside India, under the ‘Studds Accessories Limited Employee Stock Option Scheme 2026’Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.24% · promoters 100.00% · institutions 67.65% · other public 13.79%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 5 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider, and adopt (a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors along with its annexures and notes thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended on March 31, 2026 and the report of Auditors and notes thereonMoreLess
2 for0 against- To declare Final Dividend of Rupees Three per Equity Share for the Financial Year 2025-262 for0 against
- To re-appoint Ms. Shilpa Arora (DIN: 10733950) who retires by rotation, and being eligible, offers herself for re-appointment2 for0 against
- To approve ‘Studds Accessories Limited Employee Stock Option Scheme 2026’2 for0 against
- To approve grant of ESOP Options to Eligible Employees of Subsidiary Companies, in India or outside India, under the ‘Studds Accessories Limited Employee Stock Option Scheme 2026’2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtSMK Helmets Europe SRLSince 22 May 2026
100.00% bought in the quarter; holding 100.00%, from 0.00%
- Fine or penaltyJoint Commissioner (Appeals), CGST (Appeals), GurugramSince 27 May 2026
Order-in-Appeal No. 177/ASY/JC/APL/2026-27 dated 14.05.2026 — appeal rejected; OIO No. 16/RKG/AC/Demand/Div-South/2024-25 dated 09.01.2025 upheld; penalty of Rs. 2,33,227/- is mentioned therein.
Alleged ineligible ITC availed on invoices from suppliers with retrospectively cancelled GST registration, and non-reversal of proportionate ITC on exempt supplies
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.