Stanley Lifestyles Limited has submitted its quarterly compliance report to stock exchanges, confirming no deviation in the utilization of Initial Public Offering proceeds for the quarter ended 31st December 2025. The statement was filed under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

IPO Proceeds Overview

The company's IPO, completed on 28th June 2024, originally raised INR 181.085 crore. However, the net proceeds have increased to INR 183.937 crore as of 31st December 2025, representing an enhancement of INR 2.852 crore due to actual issue-related expenses being lower than initially estimated.

Fund Utilization Status

The company reported no deviation or variation in the use of funds raised through the IPO. The proceeds continue to be allocated across the originally planned objectives without any changes to the terms of contract or objects approved by shareholders.

Subsidiary Investment Focus

The largest portion of IPO proceeds has been allocated toward subsidiary investments for store expansion and renovation. The funds are being utilized for opening new stores under the formats of "Stanley Level Next", "Stanley Boutique", and "Sofas & More by Stanley". Additionally, the company is investing in anchor stores and renovating existing retail outlets under these brand formats.

Compliance and Monitoring

The fund utilization is being monitored by ICRA Limited as the designated monitoring agency. Both the Audit Committee and auditors have provided nil comments on the fund utilization, indicating compliance with the original IPO objectives. The revision in general corporate purposes allocation reflects the actual lower issue-related expenses compared to estimates.

Corporate Governance

The quarterly statement was signed by Rasmi Ranjan Naik, Company Secretary & Compliance Officer, and submitted to both NSE (Symbol: STANLEY) and BSE (Code: 544202). The company continues to maintain transparency in IPO proceeds utilization through regular quarterly disclosures as mandated by SEBI regulations.

Stanley Lifestyles Limited has executed a comprehensive license agreement with Hilker Far East Limited and Stanley Retail Limited on December 22, 2025. The agreement was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting its strategic importance for the company's business expansion.

Agreement Structure and Parties

The three-party agreement involves distinct roles for each entity, with Hilker Far East Limited serving as the licensor. Under this arrangement, both Stanley Retail Limited and Stanley Lifestyles Limited will obtain exclusive rights to manufacture, retail, and distribute Hilker products for an agreed royalty.

Business Relationship and Structure

Stanley Retail Limited operates as a wholly-owned subsidiary of Stanley Lifestyles Limited, creating an integrated business structure for the licensing arrangement. The companies have confirmed that there is no direct relationship between Hilker Far East Limited and the Stanley group entities, establishing this as an arm's length transaction.

Regulatory Compliance and Governance

The transaction between Stanley Retail Limited and Stanley Lifestyles Limited will be conducted as a related party transaction on an arm's length basis, ensuring compliance with regulatory requirements. Both companies share common directors in accordance with SEBI regulations, with management confirming no potential conflict of interest arising from the agreement structure.

This licensing agreement represents a strategic move for Stanley Lifestyles to expand its product portfolio and manufacturing capabilities through exclusive rights to Hilker products, potentially strengthening its position in the consumer durables sector.