Stanley Lifestyles Limited has announced the commencement of a postal ballot for its members to vote on important resolutions. The e-voting period will begin on Monday, February 9, 2026, at 9:00 AM IST and conclude on Tuesday, March 10, 2026, at 5:00 PM IST. The cut-off date for determining voting eligibility is Friday, January 30, 2026. The primary resolution concerns the appointment of Mr. Venkataramana Seshagirirao Gorti as a Director and Joint Managing Director of the Company for a term of five years, effective from December 16, 2025. Shareholders will also vote on his remuneration, which is proposed at ₹1,35,00,000 per annum for the first three years, along with perquisites such as a company-owned car and driver. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has proposed these appointments and remuneration. Mr. Gorti brings over three decades of experience in P&L responsibilities, Supply Chain Management, and Factory Operations. He has held leadership positions in global environments, including managing a $0.5 billion business in Malaysia and leading global teams at Honeywell. The company's financial performance for FY 2024-25 included a turnover of ₹2175 Million (₹21.75 crore) and a profit of ₹193 Million (₹1.93 crore). The results of the postal ballot will be declared on or before Thursday, March 12, 2026. The company has provided detailed instructions for shareholders to participate in the remote e-voting process through the Kfin Technologies Limited platform.
