Stanley Lifestyles Limited — Important, 09-07-2025: General Updates

Stanley Lifestyles Limited has announced a board meeting on the financial results for the quarter and half-year. Its wholly owned subsidiary, Stanley OEM Sofas Limited, received a GST audit report proposing a provisional tax and interest liability of ₹1.63 crore for FY 2022-23 due to discrepancies in turnover reporting and excess ITC claims. No penalties have been imposed yet. The subsidiary is reviewing the findings and intends to challenge the audit report through legal and regulatory channels.