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IN FORCE

Adjudication order for violation of section 143 of Companies Act, 2013 in the matter of M/s. Stanley Lifestyles Limited.

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BEFORE THE REGIONAL DIRECTOR, SOUTH EAST REGION MINISTRY OF CORPORATE AFFAIRS, HYDERABAD IN THE MATTER OF COMPANIES ACT, 2013 IN THE MATTER OF STANLEY LIFESTYLES LIMITED aaPrestigeMonishaTrade ParikhTower,PartnerLevel (Membership1946, Palace No.Road, 47840) High Grounds, Bangalore-560001.

bytes ADPellants

Date of hearing: 10.10.2025 Present: Mr. Pawan Sharma Adu, Anuj Shah Adu, Sathya P Koushik, Krishna R P, Charted Accountant.

ORDER

  1. M/s. STANLEY LIFESTYLES LIMITED has filed an appeal under section 454(5) of the Companies Act, 2013 along with the above appellants in e-form ADJ vide SRN AB5079142 dated 27.06.2025 against the adjudication order issued vide F.No. ROCB/Adj.454-143/(Monisha Parikh)(Stanley Lifestyles/Co.No.044090/2025/262, 6684 dated 28.04.2025 under section 454(5) of the Companies Act, 2013 read with section 143 of the Companies Act, 2013 passed by the Registrar of Companies, Bangalore.

  2. Registrar of Companies in his Adjudication order dt. 28.04.2025 has stated that the statutory Auditor has attended the hearing on 06.03.2025. Ms. Monisha Parikh and Mr. Sathya Pramod Kaushik Partners of M/s, Deloitte Haskins & Sells LLP were attended the hearing and submitted their written reply dated 18.03.2025 and considering their submission and documents submitted, ROC has levied penalty as under: Particulars Penalty imposed under

‘= ae 1 Ms. Monisha Parikh Partner Rs. 30,000/Membership No. 47840 Deloitte Haskins ®& Sells LLP, Charted Accountant

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  1. The matter was heard on 10.10.2025 by the undersigned. The Authorised representative of the Company Mr. Pawan Sharma, Mr. Anuj Shah Advocates have attended the hearing on behalf of appellant. ROC Bangalore was present in the hearing through VC.

  2. Heard the appellant and ROC. It is observed from the documents submitted during the hearing that proper disclosure of investment at cost in

_ subsidiaries has been made in the financial statements as on 31.03.2019, 31.03.2020 and 31.03.2021, therefore, there was no requirement for the statutory auditor to qualify the report. Thus, the order of the AO is set aside.

  1. The order of the AO is set aside.

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----- Start of picture text -----<br> Issued on this 2#day of October 2025. is<br>Feo". “G"\ agaT BaRTST/ RICHA KUKREJA<br>v2 4g 277 REGIONAL DIRECTOR(S.E.R.)<br>SE sauala JHYDERABAD<br>----- End of picture text -----<br>

Copy for information and necessary action to:

  1. Registrar of Companies, Ministry of Corporate Affairs, Bangalore, Karnataka.

  2. The Joint Secretary, E-Governance Cell, Ministry of Corporate Affairs, New Delhi.

Ey “ast, A Ral Pata[/][ RICHA KUKREJA] ee REGIONAL DIRECTOR(S.E.R.) SE aurea HYDERABAD

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