Outcome of Board Meeting of Stanley Lifestyles Limited held on 27th May 2026 pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Stanley Lifestyles Limited's Board approved FY26 audited standalone results showing revenue declined 8.7% to Rs 1,986 million from Rs 2,175 million last year. Profit after tax fell 48% to Rs 100 million from Rs 193 million. Q4 FY26 revenue was Rs 505 million with PAT of Rs 6 million. Auditors issued unmodified opinions on both standalone and consolidated results. The Board also approved re-designating Sunil Suresh as Chairman and Venkataramana Seshagirirao Gorti as Managing Director. Additionally, a fast-track merger of 5 subsidiaries (Stanley OEM Sofas, Stanley Retail, SANA Lifestyles, Staras Seating, and Shrasta Decor) into Stanley Lifestyles was approved. An exceptional item of Rs 14 million was recorded due to new Labour Codes impact.
Revenue and profit decline signals tough operating conditions, though the company maintains clean audit status. The subsidiary merger may simplify the group structure going forward. Leadership continuity remains stable with management re-designation.