Stanley Lifestyles Limited — Others, 12-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Stanley Lifestyles Limited has announced a board meeting to discuss the financial results for the quarter and half-year ended December 2024. The monitoring agency, ICRA Limited, has confirmed that there are no deviations in the utilization of proceeds from the Initial Public Offering (IPO), which raised ₹537.024 crore. As of December 31, 2024, the funds are being utilized as per the stated objectives in the prospectus, maintaining a positive outlook for operational integrity. This stability in fund management may boost investor confidence, suggesting minimal risk regarding financial discipline.