Monitoring Agency Report

Date: 13.08.2026 Ref no. SLL/SE/51-2026 To, To, National Stock Exchange of India Limited (“NSE”) BSE Limited (“BSE”) Listing Department Listing Department Corporate Relationship Department Phiroze Exchange Plaza, C-1 Block G, Bandra Kurla Jeejeebhoy Towers, Complex Bandra [E], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400 001 NSE Scrip Symbol: STANLEY BSE Scrip Code: 544202 ISIN: INE01A001028 ISIN: INE01A001028 Subject: Monitoring Agency Report and Statement of Deviation or Variation, if any, in the utilization of IPO funds for the quarter ended 30th June 2026 under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, With reference to the above subject, please find enclosed the Monitoring Agency (ICRA Limited) Report on the utilization of IPO proceeds for the quarter ended 30th June 2026. The statement of deviation or variation, if any, was placed before the Audit Committee and duly reviewed and taken on record. We hereby confirm that, as of 30th June 2026, there has been no deviation or variation in the utilization of the net proceeds from the Initial Public Offering (IPO), as stated in the Objects clause of the Prospectus dated 25th June 2024. The report received from the Monitoring Agency is enclosed herewith. The Statement of deviation(s) and variation(s) is also available on the website of the Company. We request you to kindly take the same on record. Thanking You, For Stanley Lifestyles Limited Sunil Suresh Chairman and Whole Time Director DIN:01421517 Encl: As above Stanley Lifestyles Limited Registered Office: SY No. 16/2 and 16/3 Part, Hosur Road, Veerasandra Village, Attibele Hobli, Anekal Taluk, Bangalore, Karnataka-560100 CIN: L19116KA2007PLC044090 | Phone: 080 6895 7200 | E-mail: compliance@stanleylifestyles.com | Website: www.stanleylifestyles.com June 2026 MONITORING AGENCY REPORT Name of the Issuer: Stanley Lifestyles Limited For quarter ended: June 30,2026 Name of the Monitoring Agency (MA): ICRA Limited (a) Deviation from the objects of the issue: No material deviation - the utilization of the issuance proceeds is in line with the objects of the issue. (b) Range of deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Parul Goyal Narang Vice President & Head- Process Excellence Analyst: Sweety Shaw QA: Dhwani Vinchhi Sensitivity Label : Confidential June 2026 1. Issuer Details Name of the Issuer: Stanley Lifestyles Limited Name(s) of the promoters: Promoters Mrs. Shubha Sunil Mr. Sunil Suresh Source: SEBI Industry/ sector to which it belongs: Consumer Discretionary 2. Issue Details Issue Period: Opening date- June 21, 2024 Closing date- June 25, 2024 Type of Issue: Initial Public Offer Type of specified securities: Equity shares IPO Grading, if any: No credit rating agency registered with SEBI has been appointed in respect of obtaining grading for the offer. Issue Size (Rs. Crore): 537.024 With Offer for sale (OFS) portion: 537.024 Crore; Excluding Offer for sale (OFS) portion: INR 200.000 Crore. Gross proceeds: INR 200.000 Crore (Including Issue Related Expenses of INR 18.915 Crore) Net proceeds: INR 181.085 crore* * The net proceeds have increased to INR 183.937 crore as of 30th June 2026, primarily due to reduction in actual issue-related expenses (IRE), by INR 2.852 crore Sensitivity Label : Confidential June 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered Comments of the Monitoring the Issuer’s Particulars Reply by the Monitoring Agency Board of Agency for the Directors preparation of report -Peer Reviewed CA- Certificate -Confirmation from The net proceeds have been Whether all utilization is as per management revised to INR 183.937 crore the disclosures in the Offer Yes -Bank statement of the owing to decrease of INR 2.852 No Comments Document? public issue account and crore in the actual issue-related proceeds expenses (IRE) account/Corresponding Bank Statement Whether shareholder approval has been obtained in case of Not As confirmed by the material deviations# from No comments No Comments Applicable Issuer’s management expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the No As confirmed by the No comments No Comments issue has changed? Issuer’s management Is there any major deviation observed over the earlier No No deviation observed No comments No Comments monitoring agency reports? Whether all Government/ statutory approvals related to Not As confirmed by the No comments No Comments the object(s) have been Applicable Issuer’s management obtained? Whether all arrangements pertaining to technical Not As confirmed by the No comments No Comments assistance/ collaboration are in Applicable Issuer’s management operation? Are there any favorable events As understood from the Issuer’s improving the viability of these No As confirmed by the No Comments management object(s)? Issuer’s management Are there any unfavorable As understood from the Issuer’s events affecting the viability of No As confirmed by the No Comments management the object(s)? Issuer’s management Is there any other relevant As understood from the Issuer’s No As confirmed by the No Comments information that may materially management Issuer’s management Sensitivity Label : Confidential June 2026 Source of information, Comments of certifications considered Comments of the Monitoring the Issuer’s Particulars Reply by the Monitoring Agency Board of Agency for the Directors preparation of report affect the decision making of the investors? # Where material deviation is defined to mean: (a) Deviation in the objects or purposes for which the funds had been raised. (b) Deviation in the amount of funds utilized by more than 10% of the amount specified in the offer document. 4. Details of the object(s) to be monitored. (i) Cost of object(s) Source of Comments of the Issuer’s Board of information, Directors [Showing first 8,000 characters — download PDF for full document]