Stanley lifestyles Limited has announced a key leadership change at its retail subsidiary, with the resignation of Chief Operating Officer Sijo Martin Joy from Stanley Retail Limited (SRL). The departure marks the end of a tenure spanning over six years with the organization.

Resignation Details

Mr. Sijo Martin Joy tendered his resignation from the position of Chief Operating Officer at Stanley Retail Limited, citing his intention to pursue alternate career opportunities outside the organization. The resignation became effective from the close of business hours on March 25, 2026.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Stanley Lifestyles confirmed that Stanley Retail Limited has approved the resignation and that no material reasons were specified in the resignation communication received from Mr. Joy.

The company provided the required disclosures under SEBI regulations, confirming the cessation date and attaching the resignation correspondence as mandated by regulatory requirements.

Transition Process

According to the resignation correspondence, Mr. Joy initially provided notice in January 2026, with the management accepting his resignation and setting March 26, 2026, as the last working day. However, the final relief date was adjusted to March 25, 2026, to accommodate personal travel plans.

The resignation process included provisions for:

• Smooth transition of duties and responsibilities
• Completion of exit formalities
• Handover procedures
• Return of company assets

Company Acknowledgment

Stanley Lifestyles acknowledged Mr. Joy's contributions during his tenure with the organization. The management expressed appreciation for his service and extended wishes for success in his future endeavors. The company emphasized its commitment to ensuring business continuity despite the leadership change at the subsidiary level.

Stanley Lifestyles Limited has successfully concluded its postal ballot process conducted through remote e-voting, with shareholders providing overwhelming support for key corporate governance decisions. The company announced the voting results on 11th March 2026, demonstrating strong shareholder confidence in the proposed leadership changes.

Remote E-Voting Process Details

The remote e-voting process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting period extended from Monday, 9th February 2026 at 09:00 A.M. (IST) to Tuesday, 10th March 2026 at 05:00 P.M. (IST), providing shareholders ample time to participate in the decision-making process.

Appointment Resolution Results

The special resolution for appointing Mr. Venkataramana Seshagirirao Gorti as Director and Joint Managing Director received exceptional shareholder support. The voting results demonstrate remarkable consensus among shareholders across all categories.

Category-wise Voting Analysis

The voting pattern across different shareholder categories revealed strong support from all segments. Promoter and Promoter Group shareholders, holding 32391973 shares, voted unanimously in favour with 100.00% participation through e-voting. Public-Institutions, representing 13139351 shares, achieved 95.58% participation with 12559233 shares voting entirely in favour. Public-Non Institutions showed 8.93% participation with 1035190 shares polled, of which 1028452 shares (99.35%) voted in favour and 6738 shares (0.65%) voted against.

Scrutinizer Confirmation

Kalaivani S, Company Secretary in Whole-Time Practice (ACS No: 57112, CP No: 22158), served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the resolution was passed with the requisite majority and that the voting process was conducted in a fair and transparent manner. The scrutinizer's report, dated 11th March 2026, validates the integrity of the entire e-voting process and confirms compliance with all applicable regulations.

Regulatory Compliance

The postal ballot was conducted in full compliance with the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, and various MCA circulars. The company utilized KFin Technologies Limited as the agency for providing e-voting facilities, ensuring secure and transparent voting processes. All voting results and the scrutinizer's report are available on the company's website at www.stanleylifestyles.com for shareholder reference.