Stanley Lifestyles Limited has published the notice for its postal ballot process in newspapers to seek shareholder approval for the amalgamation of its subsidiaries. The notice was published in the Financial Express (All Editions) in English and Vijaya Karnataka (Karnataka Edition) in Kannada on July 08, 2026. The scheme involves the merger of five subsidiaries into the holding company to improve efficiency and reduce administrative costs.

The Board of Directors approved the scheme on June 09, 2026. The appointed date for the amalgamation is April 01, 2026. As the transferor companies are wholly owned or step-down subsidiaries, no share exchange ratio is required, and the shares held by the transferee company will be cancelled automatically.

Key Details of the Scheme

The remote e-voting period commences on Wednesday, July 08, 2026, at 09:00 AM IST and ends on Thursday, August 06, 2026, at 05:00 PM IST. The cut-off date to determine the eligibility of members to vote is Friday, July 03, 2026. Mr. Vivek Mishra, Practicing Company Secretary, has been appointed as the scrutinizer for the process. The results are expected to be declared on or before Saturday, August 08, 2026.

Stanley Lifestyles has entered the Sri Lankan market through a strategic partnership with Singer Sri Lanka PLC, launching its flagship showroom, Stanley Boutique Homes, at No. 24, Ward Place, Colombo 07. This expansion marks a significant milestone in the company's international growth journey, bringing its luxury furniture collections to discerning consumers in the region. The development was communicated to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The new store serves as an immersive luxury retail destination, showcasing the brand's portfolio of premium furniture. Sunil Suresh, Founder and Chairman of Stanley Lifestyles, highlighted that the partnership leverages Singer Sri Lanka's extensive retail network and local market expertise to meet the growing demand for quality and design-led living in Sri Lanka.

Store Details

Mahesh Wijewardene, Group Managing Director of Singer Sri Lanka PLC, stated that the collaboration aligns with their strategy to partner with globally respected brands that deliver exceptional quality and innovation. The partnership aims to redefine the premium interiors landscape in Sri Lanka by offering access to world-class furniture collections and an elevated retail experience.