Studds Accessories Limited — Capital/Financing Update 2025

Nov 26, 2025

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REGD. AND CORP. OFF.: PLOT NO. 918, SECTOR-68 IMT FARIDABAD-121004, HARYANA (INDIA) PHONE: 91-129-4296500

E mail: secretarial@studds.com ; info@studds.com CIN No.: U25208HR1983PLC015135

Date: November 26, 2025

To, To, National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400001 NSE Scrip Symbol: STUDDS BSE Scrip Code: 544599

Subject: Incorporation of Wholly Owned Subsidiary in Spain, Europe

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "SEBI Listing Regulations"), as applicable, we wish to inform that the Board of Directors of the Company, at its meeting held today i.e. Wednesday, November 26, 2025, has, inter-alia, approved to incorporate a Wholly Owned Subsidiary in Spain, Europe.

The details as required under the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as an AnnexureI.

The above details will also be available on the website of the Company at www.studds.com under Investor Relations’ Section.

This is submitted for your information & records.

Thanking You, FOR STUDDS ACCESSORIES LIMITED

ASHA Digitally signed by ASHA MITTAL MITTAL Date: 2025.11.26 22:01:27 +05'30' ASHA MITTAL Company Secretary and Compliance Officer

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www.studds.com

Annexure I

Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:

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Sr. Particulars Details
No.
1. Name of the target entity, details in A Wholly Owned Subsidiary (herein after
brief such as size, turnover etc may refer as ‘WOS’) will be incorporated
with such name and size as may be
approved by the relevant authorities with a
Capital of upto EUR 1 Million.
2. Whether the acquisition would fall The proposed WOS would be a related
within related party transaction(s) and party of the Company upon incorporation
whether the promoter/ promoter thereof.
group/ group companies have any
interest in the entity being acquired? Save and except mentioned above, the
If yes, nature of interest and details promoter I promoter group are not
thereof and whether the same is done interested in the transaction.
at "arm's length";
3. Industry to which the entity being Principal business activity will be
acquired belongs; importation, distribution and sales of
products of Studds Accessories Limited in
Europe.
4. Objects and impact of acquisition The proposed WOS shall focus on and
(including but not limited to, being incorporated for the purpose of
disclosure of reasons for acquisition strengthening our presence in Europe and
of target entity, if its business is as a part of global growth strategy.
outside the main line of business of
the listed entity); The business to be pursued by the
proposed WOS will be similar to the main
line of business of the Company.
5. Brief details of any governmental or The incorporation of proposed WOS of the
regulatory approvals required for the Company shall be subject to the approvals
acquisition; from the relevant statutory authorities as
applicable, including but not limited the
European Authorities.
6. Indicative time period for completion The application for the process of
of the acquisition; incorporation of the WOS will be filed and
completed subject to the approvals from
the relevant authorities including but not
limited to the European Authorities. The
necessary update will be given once the
WOS is incorporated.
7. Consideration- whether cash Subscription of equity shares in the
consideration or share swap or any proposed WOS will be by way of cash
other form and details of the same; consideration.
8. Cost of acquisition and/or the price at The Company will be paying cash
which the share are acquired; consideration to the proposed wholly
owned subsidiary towards subscription of
its 100% shareholding.
9. Percentage of shareholding/ control 100%
acquired and/or number of shares
acquired;
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ASHA Digitally signed by ASHA MITTA MITTAL Date: 2025.11.26 L 22:39:45 +05'30'

1. Brief background about the entity Not applicable since the WOS is yet to be acquired in terms of products/ line of incorporated. business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);

ASHA Digitally signed by ASHA MITTAL Date: 2025.11.26 MITTAL 22:40:20 +05'30'