ALPHA TRIBE

Stanley Lifestyles LimitedImportant, 12-08-2025: General Updates

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.

No comments yet. Be the first to comment!

All announcements from Stanley Lifestyles Limited