Stanley Lifestyles Limited has informed the Exchange about Voting Results and Scrunitizer's Report following the 18th AGM of the Company held on 26th September 2025
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Stanley Lifestyles held its 18th AGM on 26 September 2025 via video conferencing, where shareholders approved all four resolutions. The audited standalone and consolidated financial statements for FY25 were adopted with 99.9995% in favor. Re-appointment of director Mrs. Sonakshi Sunil (who retires by rotation) was approved with 95.06% support (4.94% dissent). Appointment of Mr. Vijayakrishna KT as Secretarial Auditor was approved with 99.9994% in favor. A special resolution to expand the ESOP pool from 15,08,212 to 37,93,580 options (more than doubling it) under the ESOP-2022 plan was also passed, though with notable dissent of 15.54% (75.28 lakh shares voted against). Total voting participation was 84.80% of the 5.71 crore outstanding shares, with 75,659 shareholders on the record date and 41 shareholders attending via video conferencing.
All routine resolutions passed comfortably with strong shareholder support, indicating broad confidence in management. However, the ESOP pool expansion drew the highest dissent (~15.5%), which signals some shareholder concern about potential future dilution from a near-doubling of stock option grants. Investors should watch for further dilution impact when these options vest.