Stanley Lifestyles Limited — Important, 12-08-2025: General Updates
12-08-2025 | 08:30 pm
12-08-2025 | 08:30 pm
Stanley Lifestyles' step-down subsidiary, Sana Lifestyles, and its current/former directors, have received a show cause notice from the Registrar of Companies. The notice questions related party transactions from FY2018-19, citing a lack of proper board approvals. This is a query, not a fine on the company. However, it indicates a potential financial implication of ₹0.05 Cr for each of the three individuals involved. Management confirms no penalty has been imposed yet, and the subsidiary is preparing its response.
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