Stanley Lifestyles Limited has informed the Exchange about General Updates
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Stanley Lifestyles Limited's wholly-owned subsidiary, Stanley Retail Limited (SRL), has signed an agreement to buy the remaining 44.05% stake in Shrasta Décor Private Limited (SDPL) from existing shareholders Rajesh Manghnani and Sharmila Manghnani. SRL already owns 55.95% of SDPL, and this acquisition will make SDPL a fully wholly-owned subsidiary of SRL. The deal is valued at Rs 181.5 million in cash, based on a registered valuer's report. SDPL operates in leather goods, leather furniture, office chairs, and related products, with FY25 turnover of Rs 415.94 million (down from Rs 532.70 million in FY24 and Rs 504.66 million in FY23). The transaction is a related party deal and is part of internal group restructuring with no regulatory approvals required.
This is an internal consolidation — Stanley Lifestyles is essentially increasing its indirect control over SDPL from 55.95% to 100% through its subsidiary. The cash outflow of Rs 181.5 million is modest and unlikely to materially affect the listed company. Investors should note that SDPL's revenue has been declining over the last three years, though this move simplifies the group structure and gives full operational control.