Stanley Lifestyles Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Stanley Lifestyles Limited has reported no deviations in the utilization of funds raised through its IPO for the quarter ended September 2024. The total amount raised was approximately ₹537.02 crore, with ₹157.93 crore utilized thus far, primarily for opening new stores and purchasing machinery. The Audit Committee reviewed the status, confirming compliance with the outlined objectives in the prospectus. This clear adherence to the funding plan and effective capital management may foster a positive outlook among investors, as it signals stability and accountability in the company's operations.