Change in Management

REGD. AND CORP. OFF.: PLOT NO. 918, SECTOR-68 IMT FARIDABAD-121004, HARYANA (INDIA) PHONE: 91-129-4296500 E mail: sales@studds.com, info@studds.com, secretarial@studds.com CIN No.: L25208HR1983PLC015135 Date: July 01, 2026 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: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015– Change in Key Managerial Personnel & Senior Management Personnel of the Company This is in reference to our communication dated May 23, 2026, regarding the proposed change in the management of the Company. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI LODR Regulations”), we wish to further apprise you that the following management changes, as disclosed in our communication dated May 23, 2026, become effective from today, July 01, 2026: a) Change in designation of Mr. Manish Mehta from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company to Vice President- Taxation & Compliance in the category of Senior Management of the Company, with effect from today, July 01, 2026. Consequent to this change, Mr. Manish Mehta has ceased from the position of the CFO and KMP of the Company. b) Appointment of Mr. Bharat Goyal, as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective from today, July 01, 2026. We are further apprising the requisite disclosure(s) under Schedule III of the SEBI LODR Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 as amended on January 30, 2026, is enclosed herewith as Annexure- As a result of above and pursuant to Regulation 30(5) of the SEBI LODR Regulations, please find below the revised details of the Key Managerial Personnel authorized to determine materiality of events/information and for the purpose of making disclosures to the stock exchange(s) under Regulation 30 of SEBI LODR Regulations: Sr. No. Name Designation Contact Details 1. Mr. Sidhartha Bhushan Khurana Managing Director secretarial@studds.com 2. Ms. Shilpa Arora Whole-time Director Contact No.:91-129-4296500 3. Mr. Bharat Goyal Chief Financial Officer 4. Ms. Asha Mittal Company Secretary and Compliance Officer The details will also be displayed on the Company’s website at https://www.studds.com/investor-relations/disclosure-of-contact-details-of-key- managerial-personnel-who-are-authorized-for-the-purpose-of-determining-materiality-of- an-event-or-information-and-for-the-disclosure-to-stock-exchanges This intimation 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 MITTAL Company Secretary and Compliance Officer Annexure-A DETAILS AS REQUIRED UNDER SCHEDULE III OF THE SEBI LISTING REGULATIONS, READ WITH SEBI MASTER CIRCULAR NO. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 AS AMENDED ON JANUARY 30, 2026, ARE AS UNDER: I. Stepping down of Mr. Manish Mehta from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company and designated as Vice President- Taxation & Compliance in the category of Senior Management of the Company, effective from July 1, 2026 S. Particulars Details for Stepping down Details being No. from the position of Chief designated as Vice Financial Officer President- Taxation & Compliance 1. R eason for change viz. As the Company continues to scale its operations across the appointment, re- STUDDS and SMK brands with increasing geographic reach appointment, and business complexity, the Board has undertaken a resignation, removal, deliberate review for strategic organizational restructuring death or otherwise which simultaneously focusing on effective succession planning, thereby, Mr. Manish Mehta is stepping down from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company and continues to serve the Company on his new role as Vice President- Taxation & Compliance in the category of Senior Management Personnel of the Company, effective from July 1, 2026, on the approval of the Board of Directors, in their meeting dated May 23, 2026. 2. D ate of appointment/ Effective from July 1, 2026 Effective from July 1, 2026 appointment/cessation (as applicable) & term of appointment/ re- appointment 3. B rief profile (in case of NA As per Annexure-A appointment) 4. D isclosure of NA relationships between directors (in case of appointment of a director) II. Appointment of Mr. Bharat Goyal as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective from July 1, 2026 S. Particulars Details 1. Reason for change viz. appointment, re- The Board of Directors, at its meeting appointment, resignation, removal, death held on May 23, 2026, approved the or otherwise appointment of Mr. Bharat Goyal as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company. 2. Date of appointment/ Effective from July 1, 2026 re-appointment/cessation (as applicable) & term of appointment/ re-appointment 3. Brief profile (in case of appointment) As per Annexure-A 4. Disclosure of relationships between NA directors (in case of appointment of a director) Annexure-A BRIEF PROFILE OF MR. MANISH MEHTA Mr. Manish Mehta is a Chartered Accountant with over 22 years of professional experience across taxation, finance, and corporate compliance. He has previously served as the Chief Financial Officer of the Company, where he was responsible for overall financial management, statutory compliance, and strategic financial planning. Over the years, he has developed deep expertise in direct and indirect tax laws, transfer pricing, tax assessments and litigation, and corporate regulatory frameworks. He has been actively involved in handling tax audits, representing the Company before tax and regulatory authorities, and advising the management on tax-efficient structuring of business transactions. In his new role as Vice President – Taxation and Compliance, he will oversee the Company's direct and indirect taxation matters and related regulatory compliances and advisory functions. BRIEF PROFILE OF MR. BHARAT GOYAL Mr. Bharat Goyal is a Chartered Accountant (CA) from the Institute of Chartered Accountants of India (ICAI) with over 17 years of experience in financial control, statutory reporting, treasury management, budgeting, and strategic financial management. He has held senior leadership positions across marquee Indian and multinational corporations, demonstrating consistent ability to combine strategic foresight with execution excellence. Prior to this appointment, Mr. Goyal has served in senior finance roles at Tata 1mg Technologies Private Limited (AGM – Financial Control & Statutory Reporting), Studds Accessories Limited (Finance Controller / DGM – Finance), Daikin Airconditioning India Private Limited (Head – Accounts & Finance), and Honda Cars India Limited (across Revenue Accounting, Fixed Assets & Budget, and Banking & Treasury functions). Across these roles, he has led controllership, treasury, statutory reporting, budgeting, and large-scale process transformation mandates. His core expertise spans financial controlling, SAP S/4 HANA implementation, finance automation, budgeting and forecasting, variance analysis, capital structure management, investor relations, and strategic decision support. He has significantly contributed to greenfield SAP implementations across multiple organisations and driven measurable improvements in profitability, governance, and operational efficiency. In his new role as Chief Financial [Showing first 8,000 characters — download PDF for full document]