STANLEY2025-01-012025-03-31STANLEY2025-03-31STANLEY2025-01-012025-03-31CompositionOfBoardOfDirectors1STANLEY2025-03-31CompositionOfBoardOfDirectors1STANLEY2025-01-012025-03-31CompositionOfBoardOfDirectors2STANLEY2025-03-31CompositionOfBoardOfDirectors2STANLEY2025-01-012025-03-31CompositionOfBoardOfDirectors3STANLEY2025-03-31CompositionOfBoardOfDirectors3STANLEY2025-01-012025-03-31CompositionOfBoardOfDirectors4STANLEY2025-03-31CompositionOfBoardOfDirectors4STANLEY2025-01-012025-03-31CompositionOfBoardOfDirectors5STANLEY2025-03-31CompositionOfBoardOfDirectors5STANLEY2025-01-012025-03-31CompositionOfBoardOfDirectors6STANLEY2025-03-31CompositionOfBoardOfDirectors6STANLEY2025-01-012025-03-31CompositionOfCommittees14STANLEY2025-03-31CompositionOfCommittees14STANLEY2025-01-012025-03-31CompositionOfCommittees15STANLEY2025-03-31CompositionOfCommittees15STANLEY2025-01-012025-03-31CompositionOfCommittees16STANLEY2025-03-31CompositionOfCommittees16STANLEY2025-01-012025-03-31CompositionOfCommittees41STANLEY2025-03-31CompositionOfCommittees41STANLEY2025-01-012025-03-31CompositionOfCommittees42STANLEY2025-03-31CompositionOfCommittees42STANLEY2025-01-012025-03-31CompositionOfCommittees43STANLEY2025-03-31CompositionOfCommittees43STANLEY2025-01-012025-03-31CompositionOfCommittees68STANLEY2025-03-31CompositionOfCommittees68STANLEY2025-01-012025-03-31CompositionOfCommittees69STANLEY2025-03-31CompositionOfCommittees69STANLEY2025-01-012025-03-31CompositionOfCommittees70STANLEY2025-03-31CompositionOfCommittees70STANLEY2025-01-012025-03-31CompositionOfCommittees95STANLEY2025-03-31CompositionOfCommittees95STANLEY2025-01-012025-03-31CompositionOfCommittees96STANLEY2025-03-31CompositionOfCommittees96STANLEY2025-01-012025-03-31CompositionOfCommittees97STANLEY2025-03-31CompositionOfCommittees97STANLEY2025-01-012025-03-31CompositionOfCommittees122STANLEY2025-03-31CompositionOfCommittees122STANLEY2025-01-012025-03-31CompositionOfCommittees123STANLEY2025-03-31CompositionOfCommittees123STANLEY2025-01-012025-03-31CompositionOfCommittees124STANLEY2025-03-31CompositionOfCommittees124STANLEY2025-03-31MeetingOfBoardOfDirectors1STANLEY2025-01-012025-03-31MeetingOfBoardOfDirectors1STANLEY2025-03-31MeetingOfBoardOfDirectors2STANLEY2025-01-012025-03-31MeetingOfBoardOfDirectors2STANLEY2025-01-012025-03-31MeetingOfCommittees1STANLEY2025-03-31MeetingOfCommittees1STANLEY2025-01-012025-03-31MeetingOfCommittees2STANLEY2025-03-31MeetingOfCommittees2STANLEY2025-01-012025-03-31MeetingOfCommittees3STANLEY2025-03-31MeetingOfCommittees3STANLEY2025-01-012025-03-31MeetingOfCommittees4STANLEY2025-03-31MeetingOfCommittees4STANLEY2025-01-012025-03-31MeetingOfCommittees5STANLEY2025-03-31MeetingOfCommittees5STANLEY2025-01-012025-03-31MeetingOfCommittees6STANLEY2025-03-31MeetingOfCommittees6STANLEY2024-12-31STANLEY2025-03-31ImpositionOfFineOrPenaltyDomain1STANLEY2025-03-31ImpositionOfFineOrPenaltyDomain2STANLEY2025-03-31ImpositionOfFineOrPenaltyDomain3STANLEY2025-03-31ImpositionOfFineOrPenaltyDomain4STANLEY2025-03-31ImpositionOfFineOrPenaltyDomain5STANLEY2025-03-31ImpositionOfFineOrPenaltyDomain6STANLEY2025-03-31ImpositionOfFineOrPenaltyDomain7xbrli:pure544202STANLEYNAINE01A001028STANLEY LIFESTYLES LIMITED2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseThere has been no acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.truefalseThere have been no tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with corresponding provisions of Annexure 18 of the Master Circular.falseNot applicabletrueAny othertrueCOMS02002RevisiontruetrueMrSunil Suresh01421517Executive DirectorChairpersonMD1966-02-18falseActiveNA2007-10-112007-10-111010MrsShubha SunilAKRPS0613E01363687Executive DirectorNot Applicable1975-02-04falseActiveNA2007-10-112007-10-111010MrGirish Shrikrishna Nadkarni00040971Non-Executive - Independent DirectorNot Applicable1968-02-27falseActiveNA2022-04-072022-04-07361122MrRamanujam Venkat RaghavanADAPR5580R06886628Non-Executive - Independent DirectorNot Applicable1968-01-27falseActiveNA2023-08-222023-08-22201110MrsAnusha Shetty01666992Non-Executive - Independent DirectorNot Applicable1969-08-21falseActiveNA2023-08-222023-08-22201110MrsSonakshi SunilGKYPS0136M09387990Non-Executive - Non Independent DirectorNot Applicable1997-08-28falseActiveNA2024-08-142024-08-141000truetruetruetrueAudit Committee00040971Girish Shrikrishna NadkarniNon-Executive - Independent DirectorChairperson2023-08-22Audit Committee06886628Ramanujam Venkat RaghavanNon-Executive - Independent DirectorMember2023-08-22Audit Committee01363687Shubha SunilExecutive DirectorMember2023-08-22Nomination and remuneration committee01666992Anusha ShettyNon-Executive - Independent DirectorChairperson2023-08-22Nomination and remuneration committee00040971Girish Shrikrishna NadkarniNon-Executive - Independent DirectorMember2023-08-22Nomination and remuneration committee09387990Sonakshi SunilNon-Executive - Non Independent DirectorMember2024-08-14Stakeholders Relationship Committee00040971Girish Shrikrishna NadkarniNon-Executive - Independent DirectorChairperson2023-08-22Stakeholders Relationship Committee01666992Anusha ShettyNon-Executive - Independent DirectorMember2023-08-22Stakeholders Relationship Committee01421517Sunil SureshExecutive DirectorMember2023-08-22Risk Management Committee06886628Ramanujam Venkat RaghavanNon-Executive - Independent DirectorChairperson2023-08-31Risk Management Committee01363687Shubha SunilExecutive DirectorMember2023-08-31Risk Management Committee00000000Pradeep Kumar MishraChief Financial OfficerMember2023-08-31Sr no. 3- DIN not applicableCorporate Social Responsibility Committee06886628Ramanujam Venkat RaghavanNon-Executive - Independent DirectorChairperson2023-08-22Corporate Social Responsibility Committee01666992Anusha ShettyNon-Executive - Independent DirectorMember2023-08-22Corporate Social Responsibility Committee01363687Shubha SunilExecutive DirectorMember2023-08-222024-11-12true6632025-02-1291true663Audit Committee2024-11-12true3320Audit Committee2025-02-1291true3320Risk Management Committee2025-02-07true2211Stakeholders Relationship Committee2025-02-07true3320Nomination and remuneration committee2025-02-12true3320Corporate Social Responsibility Committee2025-02-07true3320truetruetruetrueYestruetruetrueAkash ShettyCompany Secretary and Compliance OfficerYeshttps://www.stanleylifestyles.com/investorsYeshttps://www.stanleylifestyles.com/investors/corporate-governanceYeshttps://www.stanleylifestyles.com/#overviewYeshttps://www.stanleylifestyles.com/investors/corporate-governanceYeshttps://www.stanleylifestyles.com/investors/corporate-governanceYeshttps://www.stanleylifestyles.com/investors/corporate-governanceYeshttps://www.stanleylifestyles.com/investors/policiesYeshttps://www.stanleylifestyles.com/investors/policiesYeshttps://www.stanleylifestyles.com/investors/policiesYeshttps://www.stanleylifestyles.com/investors/policiesYeshttps://www.stanleylifestyles.com/investors/policiesYeshttps://www.stanleylifestyles.com/investors/investors-informationYeshttps://www.stanleylifestyles.com/investors/investors-informationYeshttps://www.stanleylifestyles.com/investors/financialsYeshttps://www.stanleylifestyles.com/investors/investors-informationNAYeshttps://www.stanleylifestyles.com/investors/investors-informationYeshttps://www.stanleylifestyles.com/investors/financialsNAYeshttps://www.stanleylifestyles.com/investors/financialsNAYeshttps://www.stanleylifestyles.com/investors/financialsNAYeshttps://www.stanleylifestyles.com/investors/policiesYeshttps://www.stanleylifestyles.com/investors/corporate-governanceYeshttps://www.stanleylifestyles.com/investors/investors-informationYeshttps://www.stanleylifestyles.com/investors/investors-informationYeshttps://www.stanleylifestyles.com/investors/policiesYeshttps://www.stanleylifestyles.com/investors/corporate-governanceYeshttps://www.stanleylifestyles.com/investors/corporate-governanceYeshttps://www.stanleylifestyles.com/investorsYeshttps://www.stanleylifestyles.com/investorsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNAYesYesYesYesYesYesNAYesYesYesNANAAkash ShettyCompany Secretary and Compliance OfficerYesAkash ShettyCompany Secretary and Compliance OfficerfalseAkash ShettyCompany Secretary and Compliance OfficerBengaluru2025-05-0800000Sr No. 4,5,6, and 7 pertain to orders issued to Stanley OEM Sofas Limited, Wholly-Owned Subsidiary of the CompanyRegistrar of Companies, KarnatakaOur Company has received show cause notices from the RoC for alleged violations of Sections 118, 134, 188, and 129 of the Companies Act, 2013, through letters dated April 1, 2024, April 19, 2024, and May 6, 2024, as detailed in the Company’s Prospectus (Page 381). Adjudication orders have been issued for violations under Sections 118 and 134, while orders for the remaining violations are currently awaited. An adjudication order under Section 454 was passed for violation of Section 134(8) of the Companies Act, 2013, imposing penalties of ₹3,00,000 on the company and ₹50,000 each on Mr. Sunil Suresh – Managing Director, Mrs. Shubha Sunil – Whole time director and Mr. Jitesh Bansal - ex-Company Secretary.2025-03-27The company failed to disclose in its Directors’ Report the IT Department’s search in 2019–20 and the subsequent RoC inquiry under Section 206(4), as required under Section 134(3)(i).The liability is not expected to have a material impact on the Company’s operations, and the Company is taking steps to file an appeal against the said orderRegistrar of Companies, KarnatakaOur Company has received show cause notices from the RoC for alleged violations of Sections 118, 134, 188, and 129 of the Companies Act, 2013, through letters dated April 1, 2024, April 19, 2024, and May 6, 2024, as detailed in the Company’s Prospectus (Page 381). Adjudication orders have been issued for violations under Sections 118 and 134, while orders for the remaining violations are currently awaited. An adjudication order under Section 454 was passed for violation of Section 118(11) of the Companies Act, 2013, imposing penalties of ₹75,000 on the company and ₹15,000 each on Mr. Sunil Suresh – Managing Director, Mrs. Shubha Sunil – Whole time director and Mr. Jitesh Bansal - ex-Company Secretary2025-03-27The company failed to disclose the dates of Board Meetings in the Directors’ Report for the financial years 2018–19, 2019–20, and 2020–21, despite disclosing the number of meetings held. This is in violation of Section 118(10) of the Companies Act, 2013, read with Secretarial Standard-1 (SS-1).The liability is not expected to have a material impact on the Company’s operations, and the Company is taking steps to file an appeal against the said order.Registrar of Companies, KarnatakaOur Company has received show cause notices from the RoC for alleged violations of Sections 118, 134, 188, and 129 of the Companies Act, 2013, through letters dated April 1, 2024, April 19, 2024, and May 6, 2024, as detailed in the Company’s Prospectus (Page 381). Adjudication orders pertaining to violations under Sections 118 and 134 have been issued and disclosed to the Stock Exchanges. Subsequently, adjudication orders for violations under Section 188(2) have been issued, while the orders for the remaining violation under Section 129 are currently pending. An adjudication order under Section 454 was passed for violation of Section 188 (2) of the Companies Act, 2013, imposing penalties of ₹25,00,000 each on Mr. Sunil Suresh – Managing Director and Mrs. Shubha Sunil – Whole time director.2025-03-31The Registrar of Companies (RoC), during an inquiry under Sections 206(4) and 208 of the Companies Act, 2013, identified alleged non-compliances in connection with related party transactions carried out by the Company during FY 2018-19 to 2020-21. While the Company had obtained Board approvals in earlier years (2015-16 and 2016- 17), it continued to rely on those approvals for subsequent transactions without obtaining fresh or annual omnibus approvals from the Audit Committee, as mandated under the Act and applicable rules.The liability is not expected to have a material impact on the Company’s operations, and the Concerned officers in default (Managing Director – Mr. Sunil Suresh, Whole Time Director – Mrs. Shubha Sunil) are taking steps to file an appeal against the said order.Registrar of Companies, KarnatakaStanley OEM Sofas Limited, a wholly-owned subsidiary of Stanley Lifestyles Limited, has received show cause notices from the ROC for alleged violations of Sections 188, 146,405,101,129 and 118 of the Companies Act, 2013, through letters dated March 15, 2024, subsequent to the disclosures in the Prospectus of Stanley Lifestyles Limited (Page 384). An adjudication order under Section 454 was passed for violation of Section 405(4) of the Companies Act, 2013, imposing penalties of ₹40,000 on Stanley OEM Sofas Limited and ₹40,000 each on Mrs. Shubha Sunil (Director), Mr. Sunil Suresh (Director), and Mr. Ananthakrishnan Viswanath (Ex-Director).2025-03-31During the inquiry conducted under Section 206(4) read with Section 208 of the Act, it was observed that the Company had disclosed an outstanding MSME payable of Rs. 57.05 lakh as of 31st March 2021. However, the financial statements for the years 2019-20 and 2020-21 did not provide details regarding the remaining dues, payables, or accrued interest.The liability is not expected to have a material impact on the Company’s operations, and the Company is taking steps to file an appeal against the said order.Registrar of Companies, KarnatakaStanley OEM Sofas Limited, a wholly-owned subsidiary of Stanley Lifestyles Limited, has received show cause notices from the ROC for alleged violations of Sections 188, 146,405,101,129 and 118 of the Companies Act, 2013, through letters dated March 15, 2024, subsequent to the disclosures in the Prospectus of Stanley Lifestyles Limited (Page 384). An adjudication order under Section 454 was passed for violation of Section 118(10) of the Companies Act, 2013, imposing penalties of ₹75,000 on Stanley OEM Sofas Limited and ₹15,000 each on Mrs. Shubha Sunil (Director), Mr. Sunil Suresh (Director), and Mr. Ananthakrishnan Viswanath (Ex-Director).2025-03-31The Company failed to disclose the dates of Board Meetings in its Board’s Reports for FY 2017-18, 2018-19, and 2020- 21, in violation of Secretarial Standard-1 (SS-1). This renders the claim of full compliance with Secretarial Standards inaccurate, attracting implications under Section 448 of the Companies Act, 2013.The liability is not expected to have a material impact on the Company’s operations, and the Company is taking steps to file an appeal against the said order.Registrar of Companies, KarnatakaStanley OEM Sofas Limited, a wholly-owned subsidiary of Stanley Lifestyles Limited, has received show cause notices from the ROC for alleged violations of Sections 188, 146,405,101,129 and 118 of the Companies Act, 2013, through letters dated March 15, 2024, subsequent to the disclosures in the Prospectus of Stanley Lifestyles Limited (Page 384). An adjudication order under Section 454 was passed for violation of Section 101 of the Companies Act, 2013, imposing penalties of ₹10,000 on Stanley OEM Sofas Limited and ₹10,000 each on Mrs. Shubha Sunil (Director), Mr. Sunil Suresh (Director), and Mr. Ananthakrishnan Viswanath (Ex-Director).2025-03-31Stanley OEM Sofas Limited failed to comply with the requirements of Section 101 of the Companies Act, 2013, for the financial year 2019-20, related to the Annual General Meeting held on 29.12.2020, as identified during an inquiry by the ROC.The liability is not expected to have a material impact on the Company’s operations, and the Company is taking steps to file an appeal against the said order.Registrar of Companies, KarnatakaStanley OEM Sofas Limited, a wholly-owned subsidiary of Stanley Lifestyles Limited, has received show cause notices from the ROC for alleged violations of Sections 188, 146,405,101,129 and 118 of the Companies Act, 2013, through letters dated March 15, 2024, subsequent to the disclosures in the Prospectus of Stanley Lifestyles Limited (Page 384). An adjudication order under Section 454 was passed for violation of Section 188(5) of the Companies Act, 2013, imposing penalties of ₹5,00,000 each on Mrs. Shubha Sunil (Director), Mr. Sunil Suresh (Director), and Mr. Ananthakrishnan Viswanath (Ex-Director).2025-03-31The Company has been alleged to have entered into substantial related party transactions without obtaining fresh or omnibus approvals, relying instead on an old Board resolution. Additionally, the AOC-2 disclosures lacked key contract details. These actions are considered violations of Sections 188 of the Companies Act, 2013The liability is not expected to have a material impact on the Company’s operations, and the Company is taking steps to file an appeal against the said order and the Concerned officers in default (Director – Mr. Sunil Suresh, Director – Mrs. Shubha Sunil and ExDirector Mr. Ananthakrishnan Viswanath) are taking steps to file an appeal against the said order.