Key Event Details
Stanley Lifestyles Limited has assigned the additional responsibilities and functions of Chief Financial Officer on an interim basis to Mrs. Shubha Sunil (DIN: 01363687), Whole-Time Director of the Company, with effect from 29 June 2026. This arrangement will continue until a Chief Financial Officer is formally appointed by the Board of Directors.
Background Context
The office of Chief Financial Officer became vacant effective close of business hours on 31 March 2026 following the resignation of the previous incumbent. The interim assignment is made pursuant to Regulation 26A of SEBI LODR Regulations and Section 203 of the Companies Act, 2013, which require filling vacancies in key managerial positions within prescribed statutory timelines.
Appointee Profile
Mrs. Shubha Sunil is the Co-Founder and Director of Stanley Lifestyles Limited since October 11, 2007. She holds a Bachelor of Science degree from Bangalore University and has completed the INSEAD Leadership Programme for Senior Executives. She is the spouse of Mr. Sunil Suresh, Chairman of the Company.
Interim Responsibilities
During the interim period, Mrs. Shubha Sunil will:
- Oversee and supervise the finance and accounts function of the Company
- Provide oversight over financial reporting, internal financial controls and statutory compliances
- Review, approve, execute and authenticate financial statements, certificates, declarations, returns, filings, and disclosures
- Represent the Company before statutory authorities, regulators, stock exchanges, and financial institutions
- Discharge other duties ordinarily entrusted to the Chief Financial Officer
Governance Process
The interim arrangement has been communicated to the Board of Directors, Audit Committee, and Nomination and Remuneration Committee. It will be placed before the Board of Directors for appropriate consideration. Mrs. Shubha Sunil will continue to hold office as Whole-Time Director during this interim arrangement.