Stanley Lifestyles wins ₹7.97 Lakh order from ISRO for furniture supply
Stanley Lifestyles Limited has received an order from ISRO valued at ₹7,96,613 for supplying furniture for VIP living room and bedroom requirements. The order includes sofas, tables, beds, and other items, with an execution period of 45–60 days. Payment terms require a 75% advance for made-to-order products.
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Stanley Lifestyles Limited has secured an order from the Indian Space Research Organisation (ISRO) for the supply of furniture products intended for VIP living room and bedroom requirements. The order, valued at ₹7,96,613, is inclusive of GST and delivery charges. The contract was issued through the company's Stanley Boutique branch located in Lower Parel.
The order encompasses the supply of sofas, tables, beds, bedside tables, and puffees. The total consideration is divided into ₹3,48,280 for the VIP living room and ₹4,48,333 for the VIP bedroom. The execution period for the order is set between 45 and 60 days.
Payment terms stipulate that 75% of the amount must be paid in advance for made-to-order products, with the remaining 25% due before delivery. Delivery, transportation, and other site-related charges will apply as per the quotation terms.
The disclosure was made to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.
| Particulars | Details |
|---|---|
| Client | ISRO |
| Order Value | ₹7,96,613 |
| Execution Period | 45–60 days |
| Payment Terms | 75% advance, 25% before delivery |
| Nature of Order | Supply of furniture for VIP living room and bedroom |
Historical Stock Returns for Stanley Lifestyles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.43% | +6.99% | -5.69% | -31.87% | -57.03% | -69.04% |
Could this ISRO contract pave the way for Stanley Lifestyles to secure larger government tenders in the future?
Will the 75% advance payment structure from this government order improve the company's working capital position?
Does this order indicate a strategic shift for Stanley Lifestyles towards the institutional and B2B market segments?
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