Stanley Lifestyles Limited has authorized its Group Chief Financial Officer, Sudhir Iyer, to determine the materiality of events or information and make appropriate disclosures to stock exchanges under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved this authorization on August 18, 2026, one day after Iyer officially joined the company as Group CFO on August 17. The intimation was filed with both the National Stock Exchange of India Limited (NSE) and BSE Limited.

Regulatory Authorization

Under the SEBI regulations, Key Managerial Personnel are empowered to assess whether specific events or information are material to investors and require immediate public disclosure. By designating Iyer for this role, Stanley Lifestyles ensures that its financial disclosures adhere to regulatory standards while maintaining operational efficiency in decision-making.

The authorization letter, signed by Chairman and Whole Time Director Sunil Suresh, confirms that Iyer holds the authority to evaluate materiality and execute disclosures without requiring separate board approvals for each instance, provided they fall within the defined scope of his responsibilities.

Leadership Context

Iyer joins Stanley Lifestyles from Revathi Equipment Limited (Dalmia Group), where he served as Group CFO and Vice President. His prior experience includes leading financial strategy and transformation initiatives at Revathi, as well as holding senior finance roles at Goenka International and Arvind Lifestyle Brands Ltd.

In his new capacity at Stanley Lifestyles, Iyer oversees:

• Financial planning and analysis
• Treasury and taxation
• Accounting and compliance
• Risk management and investor relations
• Mergers and acquisitions
• Business finance
• Group IT function

Strategic Implications

Venkataramana Gorti, Managing Director of Stanley Lifestyles, previously noted that Iyer’s expertise in corporate finance, M&A, and capital markets would be valuable during the company’s next growth phase. The immediate authorization under Regulation 30 underscores the board’s intent to integrate Iyer into critical governance functions from day one.

Iyer has stated that his focus will be on building an agile finance function to support business growth through disciplined capital allocation and technology-led transformation. He emphasized strengthening financial performance and governance frameworks while enabling the company’s strategic growth ambitions.

About Stanley Lifestyles

Stanley Lifestyles is one of India’s largest integrated super-premium and luxury furniture manufacturers and retailers. The company operates three manufacturing facilities in Bengaluru spanning over 300,000 square feet and maintains 72 retail outlets across major Indian cities through company-owned and franchise formats.

Stanley Lifestyles Limited has rescheduled its upcoming Board of Directors meeting to Thursday, August 13, 2026, originally set for Saturday, August 8, 2026. The company notified the National Stock Exchange of India Limited (NSE) and BSE Limited on August 5, 2026, citing the termination of Mr. Mukesh Sharma, Company Secretary and Compliance Officer, as the reason for the delay. Investors awaiting the Q1FY27 earnings release should note this updated timeline for the declaration of financial results.

The rescheduled meeting aims to transact critical agenda items, including the approval of unaudited standalone and consolidated financial results for the quarter and three months ended June 30, 2026. Additionally, the Board will consider and approve the Annual Report for the financial year ended March 31, 2026, along with other matters pertaining to the ensuing Annual General Meeting (AGM). This procedural update ensures compliance with regulatory timelines despite the administrative change in leadership.

The announcement was made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sunil Suresh, Chairman and Whole Time Director, signed the intimation letter, confirming the new date for shareholders and stakeholders. The company emphasized that all relevant information would be available on its official website, www.stanleylifestyles.com .

Key Agenda Items

The termination of Mr. Mukesh Sharma had been previously notified by the company. This personnel change necessitated the postponement to ensure proper compliance and documentation during the board proceedings. Shareholders are advised to monitor exchange filings for further updates regarding the AGM schedule and final approval of the financial statements.