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

Stanley Lifestyles Limited has confirmed that there have been no deviations or variations in the utilization of funds raised through its IPO for the quarter ending December 31, 2024. The total amount raised through the IPO was approximately ₹537.02 crore, with ₹1.61 crore utilized for reimbursing issue-related expenses from internal accruals. The Audit Committee and the Monitoring Agency, ICRA Limited, have reviewed the fund usage and found it aligned with the objectives outlined in the prospectus. This consistent adherence may instill confidence among investors, reflecting a stable operational framework and potential for future growth.