Stanley Lifestyles Limits Terminates Services of Company Secretary Over Moral Turpitude Allegations
Stanley Lifestyles Limited has announced that its Management has terminated the services of Mr. Mukesh Sharma as Company Secretary and Compliance Officer, effective immediately. The decision follows an internal review concerning certain acts and conduct on the part of Mr. Sharma.The company stated that the termination was made after becoming aware of specific actions relating to Mr. Sharma, citing grounds of moral turpitude including misappropriations. These alleged acts were deemed inconsistent with the duties, responsibilities, and professional standards expected from the role of Company Secretary and Compliance Officer.
Mr. Mukesh Sharma, who held the designation of Company Secretary and Compliance Officer, will cease his association with Stanley Lifestyles Limited with immediate effect, as confirmed on August 05, 2026.
Following this change in personnel, Stanley Lifestyles Limited confirmed that it will take necessary steps to appoint a suitable individual for the said position.
Key details regarding the cessation of services are provided below:
| Particulars | Details |
|---|---|
| Name and Designation | Mr. Mukesh Sharma, Company Secretary and Compliance Officer |
| Date of Cessation | August 05, 2026 (immediate effect) |
| Reason for Change | Management decision based on moral turpitude and misappropriations, inconsistent with professional standards. |
STANLEY Stock Price Movement
Shares of Stanley Lifestyles Limited shed value today, settling at ₹154.38 after slipping 0.58% from the previous close. The stock traded within a narrow intraday band, hitting a low of ₹154.00 but achieving a high of ₹157.66.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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