Stanley Lifestyles Limited has informed the Exchange about order passed by Registrar of Companies (ROC), Karnataka upon the Directors of Sana Lifestyles Limited , Step Down Subsidiary of Stanley Lifestyles Limted.
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The Registrar of Companies (ROC), Karnataka has imposed a penalty of up to Rs. 5,00,000 each on three directors of Sana Lifestyles Limited, a step-down subsidiary of Stanley Lifestyles, for violations of Section 188 of the Companies Act 2013 related to related party transactions for FY 2018-19 to FY 2021-22. The order was received on 26 March 2026. The affected directors plan to file an appeal before the Regional Director in Bangalore. Stanley Lifestyles has stated that the impact on its financial or operational activities is not significant.
The penalty is minor (up to Rs. 15 lakh in total across three directors of a step-down subsidiary) and the company itself states the impact is not significant. Shareholders should watch the appeal outcome, but near-term effect on the stock is likely limited.