Stanley Lifestyles Secures Domestic Order for Armchairs Worth ₹10,96,928 from Infopark Developers
Stanley Lifestyles Ltd has received a significant order from Infopark Developers Private Limited (Tata Realty) for the supply of armchairs intended for an office area. The total value of the contract is aggregated at ₹ 10,96,928, which includes GST and all delivery charges.The order represents a domestic business opportunity, with Stanley Lifestyles Ltd scheduled to execute the contract within a timeframe ranging from 45 to 60 days. Infopark Developers Private Limited is identified as the entity awarding this contract.
Key details regarding the order placement and terms are provided below:
| Detail | Specification |
|---|---|
| Customer | Infopark Developers Pvt Ltd (Tata Realty) |
| Nature of Order | Supply of Armchairs for office area |
| Order Value | ₹10,96,928 (inclusive of GST and delivery charges) |
| Execution Period | 45 to 60 days |
| Relationship Status | Not a related party transaction; customer has no interest in the company. |
The contract specifies particular terms regarding payment and execution. For products that are made-to-order, the payment structure requires a 75% advance, with the remaining balance of 25% payable before delivery. Delivery, transportation, and other site-related charges will be charged according to the terms outlined in the quotation.
The business agreement confirms that GST amount release is contingent on the submission of the tax invoice, E-way bill, and delivery proof from Stanley Lifestyles Ltd, aligning with the customer's policy.
STANLEY Stock Price Movement
Shares of Stanley Lifestyles Limited today slipped by 3.40% to settle at ₹146.96, closing down after a day in the market. The equity saw total trading volume of 407,715 shares, having traded within an intraday range bounded between ₹145.5 and ₹152.18.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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