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Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury, and ultra-luxury furniture and sells it through its brand "Stanley".
Stanley Lifestyles confirms it isn't a 'Large Corporate' for FY2025-26, thus avoiding specific debt fundraising regulations. Its bank facility ratings were withdrawn at company's request, with a no-due certificate from the banker, suggesting strong debt management.
Stanley Lifestyles (SLL) and subsidiary SRL secured an exclusive license from Hilker Far East. They gain rights to manufacture, retail, and distribute Hilker products for a royalty, broadening SLL's product portfolio and market reach.
Stanley Lifestyles appointed Mr. J K Sharath as Chief Financial Officer and Mr. Rasmi Ranjan Naik as Company Secretary & Compliance Officer. Both key managerial personnel reported holding no equity shares in the company at the time of their appointment.
Stanley Lifestyles received a notice from Central Tax authorities regarding an Input Tax Credit (ITC) mismatch of ₹1.59 Cr for FY22-23. The company is directed to explain or reverse the ineligible ITC along with interest within seven working days. While no penalty or sanction is imposed yet, this amount, plus...
Stanley Lifestyles' step-down subsidiary, Shrasta Décor Private Limited (SDPL), sees Directors Mr. Rajesh Manghnani and Mrs. Sharmila Manghnani step down. Their exit follows the sale of their entire shareholding in SDPL to Stanley Retail Limited (SRL), the holding company. This move solidifies full ownership of SDPL within the Stanley Lifestyles...