Stanley Lifestyles Limited has approved the amalgamation of five subsidiaries into the company to simplify its group structure and achieve operational efficiencies. The Board of Directors approved the Scheme of Amalgamation under Section 233 of the Companies Act, 2013, involving Stanley OEM Sofas Limited, Stanley Retail Limited, SANA Lifestyles Limited, Staras Seating Private Limited, and Shrasta Decor Private Limited. The transaction is an inter-group restructuring where no consideration will be payable and no shares will be issued by the transferee company.

The amalgamation is subject to requisite approvals from shareholders, creditors, stock exchanges, the Regional Director, and the Registrar of Companies. The board meeting was convened on June 9, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scheme aims to consolidate businesses under a unified platform, eliminate multiple legal entities, and reduce administrative and compliance costs.

The financial details of the entities involved as of March 31, 2026, are outlined below. The amounts are in INR million.

The subsidiaries are engaged in the manufacturing, retailing, and trading of furniture, home décor, and allied products. The merger is intended to enable better management focus and optimum utilization of resources. Stanley Lifestyles Limited will serve as the transferee company in this fast-track merger process.

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.