Stanley Lifestyles Limited — Others, 26-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Stanley Lifestyles Limited has confirmed that utilization of its ₹200 Cr IPO proceeds remains on track and aligned with original plans. So far, ₹71.16 Cr has been spent, mainly reimbursing prior expenses, including ₹16.19 Cr for new stores, ₹1.2 Cr for renovations, ₹6.66 Cr on machinery, and ₹32.04 Cr for general corporate purposes. The remaining ₹128.84 Cr is held in fixed deposits earning about 7.7% interest, ensuring liquidity and safety. Store expansions and capital investments are progressing as intended, supporting the company’s retail and manufacturing growth.