Stanley Lifestyles unit secures ₹19.63 Lakhs RBI order

1 min read     Updated on 28 May 2026, 09:54 AM
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Reviewed by
Jubin VScanX News Team
AI Summary

SANA Lifestyles Limited, a wholly owned step-down subsidiary of Stanley Lifestyles Limited, has received purchase orders from the Reserve Bank of India for the supply and installation of sofas and allied furniture products at the RBI Chennai Main Office premises. The aggregate order value is approximately ₹19.63 Lakhs inclusive of taxes, and the execution is to be completed within seven weeks. The transaction is with a domestic entity and does not involve any related party transactions or promoter group interests.

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SANA Lifestyles Limited, a wholly owned step-down subsidiary of Stanley Lifestyles Limited , has secured purchase orders from the Reserve Bank of India for the supply and installation of furniture. The orders, valued at approximately ₹19.63 Lakhs, involve providing sofas and allied furniture products for the RBI Chennai Main Office premises. The execution of the contract is scheduled to be completed within seven weeks from the date of the respective purchase orders.

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was awarded by a domestic entity, and the company confirmed that the transaction does not involve any interest from the promoter group or fall under related party transactions.

Details of the Order

The following table outlines the key particulars of the order received by the subsidiary:

Sr. No. Particulars Details
1 Name of the entity awarding the order(s)/contract(s) Reserve Bank of India
2 Significant terms and conditions of order(s)/contract(s) awarded in brief Supply and installation of sofas and allied furniture products at RBI Chennai Main Office premises
3 Whether order(s)/contract(s) have been awarded by domestic/international entity Domestic
4 Nature of order(s)/contract(s) Purchase Orders for supply of furniture products
5 Whether domestic or international Domestic
6 Time period by which the order(s)/contract(s) is to be executed Within 7 weeks from the date of respective purchase orders.
7 Broad consideration or size of the order(s)/contract(s) Aggregate order value of approximately ₹19.63 Lakhs (inclusive of taxes).
8 Whether the promoter/promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? No
9 Whether the order(s)/contract(s) would fall within related party transactions? No

Historical Stock Returns for Stanley Lifestyles

1 Day5 Days1 Month6 Months1 Year5 Years
-3.00%-8.09%+2.43%-34.79%-56.88%-69.21%

Could this successful contract with the RBI pave the way for SANA Lifestyles to secure similar government or public sector orders in the future?

How will the rapid seven-week execution timeline impact the operational efficiency and resource allocation of SANA Lifestyles?

Does this order indicate a strategic shift for Stanley Lifestyles towards expanding its B2B and institutional client base?

Stanley Lifestyles Authorizes Key Managerial Personnel for Regulatory Disclosures

1 min read     Updated on 13 Apr 2026, 11:21 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Stanley Lifestyles Limited has authorized Mr. Mukesh Sharma, Company Secretary and Compliance Officer, to determine materiality of events and make appropriate disclosures to stock exchanges under SEBI Regulation 30(5). The authorization was communicated on April 13, 2026, to both NSE and BSE, ensuring proper compliance with regulatory disclosure requirements. This formal designation strengthens the company's compliance framework for handling material information disclosures.

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Stanley Lifestyles Limited has notified stock exchanges regarding the authorization of key managerial personnel to determine materiality of events and make appropriate disclosures under regulatory requirements. The communication was made on April 13, 2026, to both NSE and BSE.

Regulatory Authorization Details

Pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company's Board of Directors has formally authorized specific personnel to handle materiality determinations and disclosure obligations.

Parameter: Details
Regulation: SEBI LODR Regulation 30(5)
Authorization Date: April 13, 2026
Reference Number: SLL/SE/07-2026
Authorized Personnel: Company Secretary and Compliance Officer

Key Personnel Authorization

The company has designated Mr. Mukesh Sharma, Company Secretary and Compliance Officer, as the authorized person for materiality determination and disclosure responsibilities.

Details: Information
Name: Mr. Mukesh Sharma
Designation: Company Secretary and Compliance Officer
Contact Phone: +91 8147915014
Email: compliance@stanleylifestyles.com
Office Address: SY No. 16/2 and 16/3 Part, Hosur Road, Veerasandra Village, Attibele Hobli, Anekal Taluk, Bengaluru, Karnataka, 560100

Compliance Framework

This authorization ensures that Stanley Lifestyles Limited maintains proper compliance with SEBI's disclosure requirements. The designated personnel will be responsible for:

  • Determining the materiality of events or information
  • Making appropriate and timely disclosures to stock exchanges
  • Ensuring compliance with regulatory obligations under SEBI LODR regulations

The intimation was signed by Suresh Sunil, Chairman and Managing Director, and has been communicated to both NSE and BSE for their records. This formal authorization strengthens the company's regulatory compliance framework and ensures systematic handling of material disclosures.

Historical Stock Returns for Stanley Lifestyles

1 Day5 Days1 Month6 Months1 Year5 Years
-3.00%-8.09%+2.43%-34.79%-56.88%-69.21%

What significant corporate developments or transactions might Stanley Lifestyles be anticipating that necessitated this formal authorization structure?

How will this streamlined disclosure framework impact Stanley Lifestyles' ability to respond to market opportunities and strategic initiatives?

Could this authorization signal upcoming material events such as acquisitions, partnerships, or expansion plans in the lifestyle furniture sector?

More News on Stanley Lifestyles

1 Year Returns:-56.88%