Stanley Lifestyles Company Secretary resigns citing personal reasons

Stanley Lifestyles Limited has officially announced the resignation of its Company Secretary and Compliance Officer through regulatory filings submitted to stock exchanges on April 8, 2026. The company has disclosed the resignation in compliance with SEBI regulations, providing detailed documentation to ensure transparency with stakeholders.

Resignation Details

Mr. Rasmi Ranjan Naik has resigned from his position as Company Secretary (Key Managerial Personnel) and Compliance Officer, effective from the close of business hours on April 8, 2026. The resignation was communicated through a formal letter dated February 13, 2026, addressed to Chairman and Managing Director Mr. Sunil Suresh.

Parameter:	Details
Officer Name:	Mr. Rasmi Ranjan Naik
Position:	Company Secretary & Compliance Officer
Resignation Date:	April 8, 2026
Reason:	Personal reasons
Notice Period:	February 13 to April 8, 2026

Official Communication

In his resignation letter, Mr. Rasmi Ranjan Naik stated that the reason for his resignation is personal and confirmed that there are no other material reasons apart from those mentioned. He expressed gratitude to the Board, management, and colleagues for their support during his tenure with the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was sent to both National Stock Exchange of India Limited (NSE) and BSE Limited, providing comprehensive details about the resignation.

Exchange:	Details
NSE Scrip Symbol:	STANLEY
BSE Scrip Code:	544202
ISIN Code:	INE01A001028
Regulation:	SEBI LODR Regulation 30

Management Statement

The resignation letter was formally acknowledged by Chairman and Managing Director Sunil Suresh, who signed the regulatory filing on April 8, 2026. The company has indicated that necessary forms, including DIR-12, will be filed with the Registrar of Companies, Bengaluru, as per regulatory requirements.

The company emphasized that there are no material reasons for the resignation other than those specified in the resignation letter, ensuring complete transparency in the disclosure process. This resignation follows the earlier departure of Chief Financial Officer Mr. Jangamkote Keshavamurthy Sharath, who resigned effective March 31, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.14%	+7.26%	-7.66%	-54.90%	-55.40%	-71.65%

Stanley Lifestyles Limited has informed stock exchanges about a final order issued under the Goods and Services Tax (GST) regulations against its subsidiary company. The disclosure was made pursuant to regulatory requirements under SEBI listing obligations.

GST Order Details

The Deputy Commissioner of Commercial Taxes, Bengaluru, Karnataka issued a final order under Section 73(6) of the Central Goods and Services Tax Act, 2017 and the Karnataka Goods and Services Tax Act, 2017 against M/s. Stanley OEM Sofas Limited. The order relates to alleged tax liability for the financial year 2022-23.

Parameter	Details
Issuing Authority	Deputy Commissioner of Commercial Taxes
Order Date Received	02-04-2026
Applicable Period	Financial Year 2022-23
Legal Provision	Section 73(6) of CGST/KGST Act, 2017
Current Status	Assessment proceedings closed

Assessment Process

The tax assessment process began with the issuance of Form GST DRC-01A, which proposed a tax liability for FY 2022-23. Stanley OEM Sofas Limited submitted a detailed reply within the prescribed timelines in response to the initial notice. The final order was subsequently issued following adjudication proceedings that were initiated based on audit findings.

Financial Impact Assessment

According to the company's disclosure, the impact of this GST order on Stanley Lifestyles' financial, operational, or other activities is described as "not significant." The assessment proceedings have been concluded with the issuance of the final order.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure on 03.04.2026, referencing SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The disclosure was signed by Sunil Suresh, Chairman and Managing Director of Stanley Lifestyles Limited, and submitted to both the National Stock Exchange of India Limited and BSE Limited as per regulatory requirements.