Studds Accessories Ltd Approves Wholly Owned Subsidiary Incorporation in Italy
Studds Accessories Limited announced that its Board of Directors, during a meeting held on April 22, 2026, approved a key change regarding its European expansion plans. The company confirmed that it will now proceed with the incorporation of a Wholly Owned Subsidiary (WOS) in Italy, Europe, replacing the previously approved location in Spain, Europe.The Board had previously approved the formation of the WOS at its meeting held on November 26, 2025. The decision to incorporate the subsidiary in Italy is part of the company's strategic global growth plans to strengthen its presence across Europe.
The proposed Wholly Owned Subsidiary will operate in Italy, Europe, with a maximum authorized capital of up to EUR 1,000,000. Studds Accessories Limited will serve as the holding company for the proposed entity.
The core details concerning the newly incorporated WOS are as follows:
| Particulars | Details |
|---|---|
| Country of Incorporation | Italy, Europe |
| Proposed Capital | Up to EUR 1,000,000 |
| Industry | Importation, distribution, marketing and sales of products in Europe |
| Purpose | Strengthening presence in Europe and forming part of the global growth strategy |
| Holding Company | Studds Accessories Limited |
| Shareholding/Control | 100% stake by Studds Accessories Limited |
| Consideration | Cash consideration for subscription of equity shares |
The proposed subsidiary's business activity will be similar to the main line of business of Studds Accessories Limited. The company confirmed that the proposed WOS will be a related party upon its incorporation.
STUDDS Stock Price Movement
Today, shares of Studds Accessories Limited settled higher in post-market trading, closing at ₹492.4, up 0.40%. The stock traded on a volume of 13,687 shares, rising from its previous close of ₹490.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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