Stanley Lifestyles Ltd Subsidiary Receives Final Order under Section 73(6) of CGST/KGST Act, 2017

Stanley Lifestyles Ltd has disclosed that its wholly owned subsidiary, Stanley OEM Sofas Limited, has received a final order under Section 73(6) of the Central Goods and Services Tax Act, 2017 and the Karnataka Goods and Services Tax Act, 2017. The final order was issued following adjudication proceedings initiated based on audit findings for the financial year 2022-23. The assessment proceedings have been closed as of the date of the final order. The impact on the financial, operational, or other activities of the listed entity is not significant.