Meeting Details
- Date: September 28, 2026
- Time: Commenced at 2:35 PM IST, concluded at 3:07 PM IST
- Location: Held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility through KFin Technologies Limited
- Type of Meeting: 19th Annual General Meeting (e-AGM)
- Members Present: 38 members attended through VC/OAVM
Proposed Resolutions and Implications
The following six resolutions were placed before the members for voting:
1. Ordinary Resolution: Adoption of Standalone Audited Financial Statements for the financial year ended March 31, 2026, along with Reports of the Board of Directors and the Auditors
2. Ordinary Resolution: Adoption of Consolidated Audited Financial Statements for the financial year ended March 31, 2026, along with Report of the Auditors
3. Ordinary Resolution: Re-appointment of Mr. Sunil Suresh (DIN: 01421517) as Director who retires by rotation
4. Special Resolution: Change in designation of Mr. Sunil Suresh from Chairman and Managing Director to Executive Chairman in the category of Whole-time Director and approval of remuneration for the residual term of appointment
5. Special Resolution: Approval of remuneration of Mrs. Shubha Sunil (DIN: 01363687), Whole-time Director, for the residual term of appointment
6. Special Resolution: Change in designation of Mr. Venkataramana Seshagirirao Gorti (DIN: 08526382) from Joint Managing Director to Managing Director and remuneration for the residual term of appointment
7. Special Resolution: Ratification of the number of stock options and the maximum vesting period under 'Stanley Lifestyles Limited Employee Stock Option Plan-2022'
Voting Process and Methods
- Remote e-voting period: September 25, 2026 (9:00 a.m. IST) to September 27, 2026 (5:00 p.m. IST)
- E-voting during meeting: Members present at the meeting who had not participated in remote e-voting were allowed to cast their votes using the e-voting platform of KFin
- Scrutinizer: Mrs. Kalaivani S, Practicing Company Secretary, was appointed to scrutinize the remote e-voting and e-voting process
- Voting window: The e-voting window remained open for 15 minutes after the meeting concluded at 3:07 PM IST
Key Voting Outcomes
The document states that voting results will be announced upon receipt of Scrutinizer's Report and will be submitted as per Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No specific voting numbers or percentages are provided in this document.
Scrutinizer's Role and Findings
Mrs. Kalaivani S was appointed as Scrutinizer by the Board of Directors to scrutinize the remote e-voting and e-voting process in a fair and transparent manner. The Scrutinizer's Report will be submitted in due course along with the voting results.
Compliance with Laws and Regulations
The meeting was conducted in compliance with:
- General Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs
- SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024
- Applicable provisions of the Companies Act, 2013 and the Rules made thereunder
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Attendance and Participation
Board Members Present:
- Mr. Sunil Suresh, Executive Chairman (Presided)
- Mr. Girish Shrikrishna Nadkarni, Independent Director and Chairman of the Audit Committee and Stakeholders' Relationship Committee
- Mr. Venkataramana Seshagirirao Gorti, Managing Director
Board Members Absent:
- Mrs. Shubha Sunil, Whole-time Director (due to unforeseen circumstances)
- Ms. Anusha Shetty, Independent Director (due to unforeseen circumstances)
- Mr. Ramanujam Venkat Raghavan, Independent Director (out of the country)
Other Attendees:
- Mr. Sudhir Iyer, Chief Financial Officer and Key Managerial Personnel
- Representatives of M/s. Deloitte Haskins & Sells LLP, Statutory Auditors
- Mr. Vijayakrishna KT, Secretarial Auditor
- Mrs. Kalaivani S, Scrutinizer
- Representatives of M/s. Raghavan, Chaudhuri and Narayanan, Chartered Accountants, Internal Auditors
Additional Information
- The Statutory Auditor's Report and Secretarial Auditor's Report contained certain qualifications/observations, for which detailed explanations and clarifications were provided by Mr. Sudhir Iyer, CFO
- All documents referred to in the Notice were available for electronic inspection during the meeting
- Member queries were addressed by Mr. Sunil Suresh, Executive Chairman
- The voting results will be placed on the websites of the Company, KFin and the Stock Exchanges