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.

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.

Stanley Lifestyles Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026. The filing, dated April 2, 2026, was addressed to both BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance Certificate

The certificate was issued by KFin Technologies Limited, which serves as the company's Registrar and Share Transfer Agent. The document certifies compliance with SEBI's regulatory requirements for the reporting of dematerialized and rematerialized securities during the specified quarter.

Stock Exchange Details

The compliance certificate was submitted to both major Indian stock exchanges where Stanley Lifestyles shares are traded. The company maintains its listing on both platforms with specific identification codes.

Depository Compliance

KFin Technologies Limited issued separate certificates to both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). These certificates confirm that all required details of securities transactions during the quarter have been properly furnished to the stock exchanges.

Company Leadership

The filing was signed by Suresh Sunil, Chairman and Managing Director of Stanley Lifestyles Limited, with DIN 01421517. The document was digitally signed on April 2, 2026, demonstrating the company's commitment to timely regulatory compliance.

KFin Technologies Operations

KFin Technologies Limited operates from multiple locations, with its operations center located in Hyderabad's Financial District and registered office in Mumbai. The company serves as the registrar and share transfer agent, ensuring proper maintenance of shareholder records and compliance with depository regulations.