Stanley Lifestyles has elevated Venkataramana Gorti from Joint Managing Director to Managing Director, effective 27 May 2026. The strategic leadership transition is designed to reinforce the company's focus on growth, operational excellence, and expansion in the premium and luxury home interiors market. The appointment was communicated to the exchanges on 08 June 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As Managing Director, Gorti will lead the company's overall strategy and execution. His primary focus areas include expanding the retail footprint, strengthening manufacturing excellence, enhancing customer experience, and accelerating innovation across the business. The company stated that this move marks a new phase of accelerated growth and brand evolution.

Leadership Background and Strategy

Sunil Suresh, Chairman & Founder of Stanley Lifestyles, highlighted Gorti's pivotal role in strengthening operational functions and driving excellence. Suresh noted that Gorti has demonstrated exceptional leadership and a keen strategic mind since joining the company. The Board's decision reflects confidence in his ability to lead the company through an upcoming chapter of expansion and value creation for stakeholders.

Gorti brings over three decades of global leadership experience across Strategy, Customer Experience, Operations, Supply Chain Management, and Business Transformation. He has held senior positions at organizations including ABB, Oracle, GE, Flextronics, Wipro Hydraulics, Honeywell, and Homag. His credentials include a Mechanical Engineering degree and an EGMP from IIM Bangalore, along with CPSCM certification and Lean & Six Sigma Green Belt certification.

Company Overview

Stanley Lifestyles operates as a vertically integrated luxury furniture company with brands such as Stanley Level Next, Stanley Boutique, and Sofas & More. It manages two manufacturing facilities in Bengaluru spanning over 300,000 square feet. The company operates 71 retail outlets across major Indian cities through company-owned and franchise formats.

Stanley Lifestyles Limited promoter Sunil Suresh increased his stake in the company by acquiring 1,01,000 equity shares through an open market purchase on the NSE. The transaction, executed on June 3, 2026, was valued at ₹1,46,88,935 and raised his total holding to 28.47% of the paid-up share capital, signaling confidence in the company's growth prospects.

Prior to this acquisition, Sunil Suresh held 16,193,547 equity shares, representing 28.35% of the company's paid-up share capital. Following the purchase of 1,01,000 shares, his total holding stands at 16,294,547 equity shares. The disclosure was submitted to the exchanges on June 4, 2026, in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Details of Acquisition

The acquisition was conducted entirely through the NSE Cash Segment. The following table outlines the specific details of the transaction and the resulting change in shareholding:

The disclosure was formally intimated to Stanley Lifestyles Limited on June 4, 2026. The company confirmed that the requisite disclosure in Form B has been enclosed and will be hosted on its official website. The compliance officer for the filing was Mukesh Sharma.