Stanley Lifestyles Receives ₹7.97 Lakh ISRO Furniture Order

Core Announcement – Order Details

Awarding Entity: ISRO (Indian Space Research Organisation)

Domestic/International Order: Domestic

Nature of Order/Contract:

Supply of furniture products for VIP living room and VIP bedroom requirements, including sofas, tables, beds, bedside tables, and puffees.

Order Value:

₹7,96,613 (approximately ₹7.97 Lakh) inclusive of GST and delivery charges. The value comprises ₹3,48,280 for VIP living room furniture and ₹4,48,333 for VIP bedroom furniture.

Materiality Context:

Not Specified

Execution Timeline:

45–60 days from order receipt

Revenue Recognition / Billing Structure:

For made-to-order products: 75% advance payment and balance 25% before delivery. Delivery/transportation and other site-related charges are applicable as per the quotation terms.

Key Terms & Payment Milestones:

Payment terms provide for 75% advance for made-to-order items and balance 25% before delivery. Delivery/transportation and other site-related charges are applicable as per the quotation terms.

Whether Related Party Transaction:

Promoter Group Involvement:

Financial Implication:

Not Specified