Stanley Lifestyles Limited has informed the Exchange regarding Resignation of Mr. Akash Shetty as Company Secretary & Compliance Officer of the company w.e.f. Jun 19, 2025.
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Stanley Lifestyles Limited has informed the stock exchanges that Mr. Akash Shetty (FCS-11314) has resigned from the position of Company Secretary and Compliance Officer of the company. His resignation is effective from the close of business hours on June 19, 2025, and he will also cease to be a Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. Mr. Shetty cited pursuing career opportunities outside the organisation as the reason for his departure. The company has accepted his resignation and will note it at the next Board meeting. The Managing Director Sunil Suresh signed the intimation, and Mr. Shetty's resignation letter dated May 22, 2025 is enclosed with the filing.
This is a routine KMP-level exit. Since the Company Secretary is a key compliance role, the company will need to appoint a replacement in a timely manner to avoid any regulatory or governance gaps. The departure appears to be on good terms and is unlikely to materially impact stock price, though investors should watch for timely appointment of a successor.