Meeting Details

The remote e-voting process was conducted without a physical meeting. The voting commenced on Wednesday, 08th July 2026 at 09:00 A.M. (IST) and concluded on Thursday, 06th August 2026 at 05:00 P.M. (IST). The deemed venue for the scrutinization was the Registered Office of the Company at SY No.16/2 and 16/3 Part, Hosur Road, Veerasandra village, Attibele Hobli, Anekal Taluk, Bangalore, Karnataka, India, 560100.

Proposed Resolution and Implications

The single resolution proposed was: "APPROVAL FOR THE SCHEME OF AMALGAMATION OF THE WHOLLY OWNED SUBSIDIARIES AND STEP DOWN SUBSIDIARIES TO THE HOLDING COMPANY STANLEY LIFESTYLES LIMITED." This was a Special Resolution where promoters/promoter group were not interested. The scheme aimed to amalgamate wholly owned and step-down subsidiaries into the holding company.

Voting Process and Methods

The voting was conducted solely through remote e-voting facilitated by KFin Technologies Limited. The Postal Ballot Notice was dispatched electronically on July 07, 2026, to all members whose email addresses were registered with the Company/KFin Technologies Limited. The notice was also submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) and posted on the company's website (www.stanleylifestyles.com).

Key Voting Outcomes

Overall Results

  • Total Votes Cast: 42,394,622 votes
  • Votes in Favor: 42,382,989 votes (99.9726% of votes cast)
  • Votes Against: 11,633 votes (0.0274% of votes cast)
  • Invalid Votes: 0 votes (0.0000% of votes cast)

Shareholder Category Breakdown

Promoter and Promoter Group
  • Shares Held: 32,492,973
  • Votes Polled via E-Voting: 32,488,080 (99.9849% of shares held)
  • Votes in Favor: 32,488,080 (100.0000% of votes polled)
  • Votes Against: 0 (0.0000% of votes polled)
Public - Institutions
  • Shares Held: 5,945,216
  • Votes Polled via E-Voting: 5,481,623 (92.2023% of shares held)
  • Votes in Favor: 5,481,623 (100.0000% of votes polled)
  • Votes Against: 0 (0.0000% of votes polled)
Public - Non-Institutions
  • Shares Held: 18,687,474
  • Votes Polled via E-Voting: 4,424,919 (23.6785% of shares held)
  • Votes in Favor: 4,413,286 (99.7371% of votes polled)
  • Votes Against: 11,633 (0.2629% of votes polled)

Participation Analysis

  • Total Paid-up Equity Shares: 57,125,663
  • Total Votes Cast: 42,394,622
  • Percentage of Total Shares Voted: 74.2129%

Scrutinizer's Role and Findings

Mr. Vivek Mishra (FCS No. 8540 & CP 17218), Partner of M/s. M & A Associates, was appointed as the Scrutinizer. His responsibilities included ensuring a fair and transparent voting process and submitting a consolidated report.

After the e-voting concluded, the votes were unblocked in the presence of two independent witnesses (Mrs. Khusboo Agarwal and Mr. Darshan Patel). The scrutinizer generated a report from the e-voting website containing details of shareholders who voted for, against, abstained, or had invalid votes.

The scrutinizer concluded that although the resolution received 99.97% approval from votes cast, it "has not been passed" by members with the requisite majority. This is because a fast-track merger under Section 233 of the Companies Act, 2013 requires approval by members holding at least 90% of the total number of shares. The votes cast represented only 74.2129% of total shares, failing to meet this threshold.

Compliance with Laws and Regulations

The process was conducted in compliance with:

  • Sections 108 and 110 of the Companies Act, 2013
  • Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA and SEBI Circulars

Additional Information

The company's scrip codes are: NSE Symbol: STANLEY, BSE Scrip Code: 544202, ISIN: INE01A001028. The company's CIN is L19116KA2007PLC044090. The reference number for this disclosure is SLL/SE/47-2026 dated 07.08.2026.