Q1 FY27 results approved, new CFO appointed, ex-CS terminated over fund misappropriation
STANLEY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.1 pts less than Nifty Microcap 250 and 6.5 pts less than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q1 FY27 standalone and consolidated results. Standalone revenue rose to around Rs 2,124 lakhs from Rs 1,766 lakhs year-on-year, about 20 percent growth, with profit jumping to roughly Rs 336 lakhs from Rs 127 lakhs. Sudhir Iyer appointed as new CFO. Former Company Secretary Mukesh Sharma was terminated on 5 Aug 2026 after investigation found Rs 199 lakhs in misappropriated funds; Rs 101 lakhs charged off as an exceptional item with legal action initiated. 19th AGM also authorized.
Strong Q1 results positive, but termination of CS over fund misappropriation raises governance concerns and may weigh on sentiment.