Stanley Lifestyles IPO Proceeds Utilization Confirmed by ICRA

Stanley Lifestyles Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by ICRA Limited. The report confirms that the utilization of IPO proceeds is in line with the objects stated in the prospectus dated June 25, 2024. There has been no material deviation or variation. The net proceeds have been revised to ₹183.937 crore as of June 30, 2026, primarily due to a reduction in issue-related expenses. The statement of deviation or variation was reviewed and taken on record by the company's Audit Committee.