Stanley Lifestyles Limited has informed the Exchange about Bagging/Receiving of orders.
STANLEY · price
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Stanley Lifestyles' wholly owned step-down subsidiary, SANA Lifestyles Limited, has received purchase orders from the Reserve Bank of India (RBI), Chennai. The order is for the supply and installation of sofas and allied furniture products at RBI Chennai Main Office premises. The aggregate order value is approximately ₹19.63 Lakhs (inclusive of taxes). The execution timeline is within 7 weeks from the date of the respective purchase orders. The order is domestic in nature and has been confirmed as not a related party transaction.
This is a modest domestic order from a prestigious institutional client (RBI). Given the relatively small order size (₹19.63 Lakhs), the financial impact on Stanley Lifestyles is limited but the association with RBI adds brand credibility.