SANA Lifestyles Subsidiary Secures Furniture Order from Reserve Bank of India, Chennai
Stanley Lifestyles Limited has reported that its wholly owned step-down subsidiary, SANA Lifestyles Limited, has received significant purchase orders from the Reserve Bank of India (RBI) in Chennai. The contract involves the supply and installation of sofas and allied furniture products at the RBI Chennai Main Office premises.The transaction confirms that the order is domestic in nature, with the Reserve Bank of India serving as the entity awarding the contract. The purchase orders are classified as furniture product supply contracts.
The details of the order reveal an aggregate order value of approximately ₹ 19.63 Lakhs, which includes taxes. The contract mandates that the products must be executed within seven weeks from the date of the respective purchase orders.
Key details concerning the contract award are summarized below:
| Parameter | Detail |
|---|---|
| Entity Awarding Order | Reserve Bank of India |
| Nature of Contract | Purchase Orders for furniture products |
| Products | Supply and installation of sofas and allied furniture products |
| Geographical Scope | Domestic |
| Aggregate Order Value | Approximately ₹ 19.63 Lakhs (inclusive of taxes) |
| Execution Timeline | Within 7 weeks from the date of respective purchase orders |
| Related Party Status | Not within related party transactions |
Stanley Lifestyles Limited confirmed that there is no interest held by the promoter or promoter group in the entity that awarded the order, ensuring the transaction is not considered a related party transaction.
STANLEY Stock Price Movement
Shares of Stanley Lifestyles Limited are slipping by 0.56% in live trading, currently sitting at ₹163.17 as of 10:33 AM. The stock continues to see significant intraday interest, recording a total volume of 164,178 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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