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) 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 respective purchase orders. The order is entirely domestic and is not a related party transaction. The company disclosed this under SEBI Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015.
The order size of ₹19.63 Lakhs is very small relative to the company's likely revenue base, so the direct financial impact on Stanley Lifestyles is minimal. However, winning a contract with the RBI (India's central bank) is a prestigious institutional win and signals strong brand credibility in the institutional furniture segment.