Studds Accessories: Shareholder Communication – Notice of 43rd Annual General Meeting

18 August 2025

Dear Investors,

We wish to inform you that the 43rd Annual General Meeting (AGM) of Studds Accessories Limited will be held on Saturday, September 6, 2025, at 4:00 P.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The AGM has been convened in compliance with the Companies Act, 2013, SEBI regulations, and applicable MCA circulars.

Key Agenda Items for the AGM

Ordinary Business

1. To adopt the Audited Standalone and Consolidated Financial Statements for FY2024-25, along with the Board’s and Auditors’ Reports.

2. To declare a Final Dividend of ₹2.50 per equity share (50% on face value of ₹5 each) for FY2024-25, amounting to an aggregate payout of ~₹9.84 crore, payable to shareholders whose names appear in the Register/Beneficial Owners as on August 30, 2025.

3. To consider the re-appointment of Mr. Madhu Bhushan Khurana (DIN: 00172770) as Director, who retires by rotation and has attained the age of seventy years, by way of a Special Resolution.

Special Business
4. Appointment of Chandrasekaran Associates, Company Secretaries as Secretarial Auditor for a term of five years (FY2025-26 to FY2029-30), with an initial remuneration of ₹4,00,000 plus taxes and expenses.
5. Approval of Related Party Transaction (RPT) – remuneration to Ms. Chand Khurana, relative of the promoters, for holding an office/place of profit in the company, with remuneration of ₹3,65,826 per month (subject to maximum limit of ₹80 lakh p.a. for five years, effective July 1, 2025).
6. Approval of Related Party Transaction (RPT) – remuneration to Ms. Garima Khurana, relative of the promoters, for holding an office/place of profit in the company, with remuneration of ₹1,94,557 per month (subject to maximum limit of ₹50 lakh p.a. for five years, effective July 1, 2025).
7. Continuation of payment of remuneration to promoter-executive directors (Mr. Madhu Bhushan Khurana, Mr. Sidhartha Bhushan Khurana, and Ms. Shilpa Arora) beyond the 5% net profit threshold prescribed under SEBI Listing Regulations, until the expiry of their respective terms.

Dividend & Shareholder Participation
Shareholders are requested to note that the final dividend of ₹2.50 per share (FY25) will be distributed subject to AGM approval. Voting on all resolutions can be exercised electronically through remote e-voting prior to the AGM or during the meeting via VC/OAVM.