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Independent DirectorNot Applicable1968-02-27falseActiveNA2022-04-072022-04-0741.241122MrRamanujam Venkat Raghavan******06886628Non-Executive - Independent DirectorNot Applicable1968-01-27falseActiveNA2023-08-222023-08-2225.091110MrsAnusha Shetty******01666992Non-Executive - Independent DirectorNot Applicable1969-08-21falseActiveNA2023-08-222023-08-2225.091110MrsSonakshi Sunil******09387990Non-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 OfficerMember2023-08-312025-08-13Mr. Pradeep Kumar Mishra resigned from the position of CFO on 13/08/2025Risk Management Committee00000000JANGAMKOTE KESHAVAMURTHY SHARATHChief Financial OfficerMember2025-08-13Mr.JANGAMKOTE KESHAVAMURTHY SHARATH appointed as CFO on 13/08/20252025-05-26true6522025-08-1378true6632025-08-2814true652Audit Committee2025-05-26true3320Nomination and remuneration committee2025-05-26true3320Nomination and remuneration committee2025-07-0438true3320Audit Committee2025-08-1339true3320Corporate Social Responsibility Committee2025-08-13true3210Nomination and remuneration committee2025-08-13true3320Nomination and remuneration committee2025-08-2814true3210Risk Management Committee2025-08-290true2101truetruetruetrueYestruetruetrueRasmi Ranjan NaikCompany Secretary and Compliance OfficerYesYesYesYesYesYesYesYesRasmi Ranjan NaikCompany Secretary and Compliance OfficerfalseRasmi Ranjan NaikCompany Secretary and Compliance OfficerBangalore2025-10-2800000S.No 1-3 In furtherance to the Objects of the offer as per the Prospectus of the Company filed at the time of the IPO of the Company, it has made a further investment of in its wholly-owned subsidiary, Stanley Retail Limited (SRL), through a rights issue. Further, SRL has invested in its wholly-owned subsidiaries, Sana Lifestyles Limited and Staras Seating Private Limited, through rights issues. S.No 4 Stanley Retail Limited ("SRL") currently holds 55.95% of the equity shares in Shrasta Dcor Private Limited ("SDPL"). Pursuant to the proposed acquisition, SDPL will become a wholly owned subsidiary of SRL. Stanley Retail Limited2025-07-29101Sana Lifestyles Limited2025-07-30101Staras Seating Private Limited2025-07-30101Shrasta Décor Private Limited2025-08-130.55950.44051Sr No. 1 The matter pertains to Stanley OEM Sofas Limited, wholly owned subsidiary of Stanley Lifestyles Limited. Sr No. 2 The matter pertains to Stanley OEM Sofas Limited, wholly owned subsidiary of Stanley Lifestyles Limited. Sr No. 3 The matter pertains to Sana Lifestyles Limited, step-down subsidiary of Stanley Lifestyles Limited. Sr No. 4 The matter pertains to Sana Lifestyles Limited, step-down subsidiary of Stanley Lifestyles Limited. Sr No. 5 The matter pertains to Stanley Lifestyles Limited. Sr No. 6 The matter pertains to Sana Lifestyles Limited, step-down subsidiary of Stanley Lifestyles Limited. Sr No. 7 The matter pertains to Sana Lifestyles Limited, step-down subsidiary of Stanley Lifestyles Limited. Sr No. 8 The matter pertains to Stanley OEM Sofas Limited, wholly owned subsidiary of Stanley Lifestyles Limited. Sr No. 9 The matter pertains to Stanley OEM Sofas Limited, wholly owned subsidiary of Stanley Lifestyles Limited. Sr No.10 The matter pertains to Stanley Lifestyles Limited. Office of the Deputy Commissioner of Commercial Taxes, BengaluruThe communication is a GST Audit Report (Form GST ADT-02) issued under Section 65(6) of the CGST/KGST Act for the financial year 2022–23, proposing a total tax and interest liability of approximately ₹1.63 crore on account of alleged differences in turnover between GSTR-3B V/s Books, Excess claim of ITC - claimed in GSTR-3B but not reflecting in GSTR-2A/8A, Excess claim of ITC - claimed in GSTR-3B but Short in GSTR-2A/8A, ITC difference in Books V/s GSTR-3B, Interest for belated payment on Trade Payables, Belated reversal of Ineligible ITC through DRC – 03, Ineligible ITC Claimed, ITC reversal for non-filing of Form ITC -04,2025-07-08No specific penalty, restriction, or sanction has been imposed pursuant to the communication at this stage. The audit report recommendation raised vide Form GST ADT-02 comprises tax and interest liabilities onlyThe matter relates to Stanley OEM Sofas Limited wholly owned subsidiary of the listed entity. The liability remains provisional at this stage, pending the company's review and determination of response. Any confirmed liability, if crystallized pursuant to further proceedings or payment, may have a financial impact to that extent.Office of the Deputy Commissioner of Commercial Taxes, BengaluruShow cause notice2025-07-09The matter pertains to a Show Cause Notice issued by the Office of the Deputy Commissioner of Commercial Taxes (Audit)-4.1, Bengaluru, under Section 73 of the KGST Act, 2017, against Stanley OEM Sofas Limited, a wholly owned subsidiary of Stanley Lifestyles Limited. The notice relates to alleged short declaration of turnover and non-reversal of Input Tax Credit on creditors outstanding beyond 180 days for the tax period April 2021 to March 2022.The expected financial implication is ₹55.63 lakh towards tax and interest. No penalty has been imposed at this stage. The matter is currently under consideration, and the subsidiary is evaluating appropriate representations.The quantum of claim, as stated in the Show Cause Notice dated 09th July 2025, is ₹55.63 lakh comprising tax of ₹2.74 lakh and interest of ₹52.89 lakh under the KGST/CGST Act, 2017Registrar of Companies Bangalore, Ministry of Corporate AffairsShow cause notice2025-08-12A Show Cause Notice was received from Registrar of Companies Bangalore, Ministry of Corporate Affairs against Directors and Ex-Director of Sana Lifestyles Limited alleging non-compliance with Sections 188 r/w 184 of the Companies Act, 2013 for related party transactions during FY 2018-19, undertaken without fresh/omnibus Board approvals. Authority has sought domestic transfer pricing audit reports and supporting proof of arm’s length basis.The expected financial implication for the Directors and Ex- Director of Sana Lifestyles Limited is as follows: Mrs. Shubha Sunil - ₹5,00,000/- (Director) Mr. Sunil Suresh - ₹5,00,000/- (Director) Mr. Aboothahir Khan Saleem - ₹5,00,000/- (Ex Director) No penalty has been imposed at this stage. The matter is currently under consideration, and the Step- Down Subsidiary is evaluating appropriate representations.Registrar of Companies Bangalore, Ministry of Corporate AffairsShow cause notice2025-08-12A Show Cause Notice was received from Registrar of Companies Bangalore, Ministry of Corporate Affairs against Directors and Ex-Director of Sana Lifestyles Limited alleging violation of Sections 188 and 184 of the Companies Act, 2013 in respect of substantial related party transactions during FY 2021-22, undertaken without fresh/omnibus Board approvals and with inadequate disclosure in AOC-2. Authority has directed submission of domestic transfer pricing audit reports and proof of arm’s length basisThe expected financial implication for the Directors and Ex- Director of Sana Lifestyles Limited is as follows: Mrs. Shubha Sunil - ₹5,00,000/- (Director) Mr. Sunil Suresh - ₹5,00,000/- (Director) Mr. Aboothahir Khan Saleem - ₹5,00,000/- (Ex Director) Mrs. Sonakshi Sunil - ₹5,00,000/- (Director) No penalty has been imposed at this stage. The matter is currently under consideration, and the Step- Down Subsidiary is evaluating appropriate representationsOffice of the Superintendent of Central Tax, Bengaluru South CommissionerateNotice from the office of the Superintendent of Central Tax, Bengaluru South Commissionerate, directing the Company to explain the mismatch in ITC within 7 working days, reverse the ineligible ITC of ₹1,59,37,182.67 with interest via Form DRC-03, or submit documentary evidence if contesting the computation.2025-08-14The Company has received a notice from the Office of the Superintendent of Central Tax, Bengaluru South Commissionerate citing a mismatch in Input Tax Credit (ITC) between GSTR-2B and GSTR-3B for FY 2022–23 amounting to ₹1,59,37,182.67. The Company has been asked to provide its explanation within 7 working days and reverse the ineligible ITC, if applicable or submit documentary evidence if contesting the computation. The matter is being examined and necessary action will be taken in due course.Owing to the mismatch in Input Tax Credit (ITC) between GSTR-2B and GSTR-3B for FY 2022–23 amounting to ₹1,59,37,182.67 which is liable to be recovered along with interest under Section 50(1) of the CGST Act, 2017, from the date of wrongful availment till the date of payment.Registrar of Companies Bangalore, Ministry of Corporate AffairsShow cause notice2025-08-18A Show Cause Notice was received from Registrar of Companies Bangalore, Ministry of Corporate Affairs against Directors and Ex-Director of Sana Lifestyles Limited alleging violation of Sections 188 r/w 184 of the Companies Act, 2013 in respect of substantial related party transactions during FY 2019-20, undertaken without fresh/omnibus Board approvals and with inadequate disclosure in AOC-2. Authority has directed submission of domestic transfer pricing audit reports and proof of arm’s length basisThe expected financial implication for the Directors and Ex- Director of Sana Lifestyles Limited is as follows: Mrs. Shubha Sunil - ₹5,00,000/- (Director) Mr. Sunil Suresh - ₹5,00,000/- (Director) Mr. Aboothahir Khan Saleem - ₹5,00,000/- (Ex Director) No penalty has been imposed at this stage. The matter is currently under consideration, and the Step- Down Subsidiary is evaluating appropriate representationsRegistrar of Companies Bangalore, Ministry of Corporate AffairsShow cause notice2025-08-18A Show Cause Notice was received from Registrar of Companies Bangalore, Ministry of Corporate Affairs against Directors and Ex-Director of Sana Lifestyles Limited alleging violation of Sections 188 and 184 of the Companies Act, 2013 in respect of substantial related party transactions during FY 2020-21, undertaken without fresh/omnibus Board approvals and with inadequate disclosure in AOC-2. Authority has directed submission of domestic transfer pricing audit reports and proof of arm’s length basisThe expected financial implication for the Directors and Ex- Director of Sana Lifestyles Limited is as follows: Mrs. Shubha Sunil - ₹5,00,000/- (Director) Mr. Sunil Suresh - ₹5,00,000/- (Director) Mr. Aboothahir Khan Saleem - ₹5,00,000/- (Ex Director) No penalty has been imposed at this stage. The matter is currently under consideration, and the Step- Down Subsidiary is evaluating appropriate representationsRegional Director South East Region, Ministry of Corporate Affairs, HyderabadThe Regional Director has passed an order against Stanley OEM Sofas Limited, Wholly Owned Subsidiary of the Company, under Section 188 of the Companies Act, 2013, imposing monetary penalties on the following officers in default for contravention relating to entering into related party transactions without requisite approval: • Mrs. Shubha Sunil (Director) – ₹5,00,000/– • Mr. Sunil Suresh (Director) – ₹5,00,000/– Total Penalty: ₹10,00,000/– Further, Mr. Ananthakrishnan Viswanath (Ex Director), appointed as a Non-Executive Director on 30.12.2015 and who ceased from the Board on 20.03.2024, was not involved in the day-to-day management of the Company and was not aware of any related party transactions that had taken place. Accordingly, the penalty levied on Mr. Ananthakrishnan Viswanath was set aside.2025-09-04The Company had entered into related party transactions without obtaining the prior approval of the Board/Shareholders, thereby contravening Section 188 of the Companies Act, 2013 and the applicable rules thereunderThere is no material impact on the financial, operational or other activities of the Company on account of this order. The financial impact is limited to the penalties imposed on the officers in default as detailed in coloumn 2.Regional Director South East Region, Ministry of Corporate Affairs, HyderabadThe Regional Director has passed an order against Stanley OEM Sofas Limited, Wholly Owned Subsidiary of the Company, under Section 405 of the Companies Act, 2013, imposing monetary penalties on the following officers in default for contravention relating to provisioning interest on outstanding amount to MSME vendors in the financials: • Company ₹40,000/ *Mrs. Shubha Sunil (Director) – ₹40,000/– • Mr. Sunil Suresh (Director) – ₹40,000/ Total Penalty: ₹1,20,000/– Further, Mr. Ananthakrishnan Viswanath (Ex Director), appointed as a Non-Executive Director on 30.12.2015 and who ceased from the Board on 20.03.2024, was not involved in the day-to-day management of the Company and was not aware of the fact. Accordingly, the penalty levied on Mr. Ananthakrishnan Viswanath was set aside.2025-08-26The company has not provided the interest on outstanding amount to MSME vendors in its financials.There is no material impact on the financial, operational or other activities of the Company on account of this order. The financial impact is limited to the penalties imposed on the company and the officers in default as detailed in Coloumn 2.