Statement of Deviation/variation for the quarter ended 31st March 2026.

Stanley Lifestyles Limited has filed its quarterly statement on IPO fund utilization for Q4 FY2026 ended 31 March 2026. The company raised INR 181.085 crore via IPO on 28 June 2024, with net proceeds now at INR 183.937 crore after issue-related expenses came in INR 2.852 crore lower than estimated. Of the total, INR 122.008 crore (40.8%) has been utilized so far, with INR 77.992 crore remaining unutilized. The largest allocation of INR 90.127 crore is for store expansion (new stores, anchor stores, and renovations), of which INR 64.260 crore has been used for new stores and only INR 1.200 crore for existing store renovation. Anchor stores remain entirely unused at INR 39.990 crore. Machinery and equipment funds are fully utilized, and general corporate purpose allocation increased slightly to INR 37.121 crore. Critically, the company has confirmed NO deviation or variation in the use of IPO proceeds, with nil comments from both the audit committee and auditors.