Advance Lifestyles Ltd

Dematerialisation processing and listing

• RTA confirmed dematerialisation requests were processed (accepted/rejected) to the depositories.
• Securities dematerialised have been listed on the stock exchange where existing securities are listed.
• Physical certificates dematerialised were mutilated and cancelled; depository's name substituted as registered owner within the prescribed timeline.
• Period covered corresponds to the reporting quarter.

Advance Lifestyles Limited — Trading Window closed from Oct 01, 2026 and will be open after 48 (Forty-Eight) hours of declaration of un-audited financial results for the quarter and half year ending on 30 September 2026

AGM details and outcomes

• AGM mode: video conferencing.
• Record date for AGM: 15-09-2026.
• Total shareholders on record: 7,692.
• Public attendance via video conferencing: 34 attendees.
• Promoter attendance: none.
• Resolutions passed: 2.

AGM Details

• Date/time: 22 Sep 2026, 1:07–1:37 PM IST, via VC/OAVM.
• No physical venue; meeting conducted through video conferencing.

Chair and Proceedings

• Jyoti Laxman Bambade elected AGM chair.
• Remote e-voting ran Sep 17–21, 2026; extended 30 minutes post-meeting.
• Meghna Shah appointed Scrutinizer for voting.

Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Re-appoint Kashyap Gandhi as Director liable to retire by rotation.

Voting Status

• Results to be announced within 48 hours from AGM conclusion.
• Results to stock exchanges and company website after Scrutinizer report.

Event Overview

• Creation of pledge on promoter shares in favour of Motilal Oswal Financial Services Limited.

Key Details

• Target company: Advance Lifestyles Limited.
• Encumbrance: Pledge on promoter shares.
• Encumbered shares: 4,502,633 shares, 72.32% of total share capital.
• Promoter: Prerna Agarwal; 3 PACs involved.
• Encumbrance in favour of: Motilal Oswal Financial Services Limited.
• Reason: margin facility.
• Date of creation: 09.09.2026.
• Date of reporting: 11.09.2026.

Additional Notes

• No governance changes disclosed.

Overview

• Annual Report 2025-26 filed; AGM scheduled for 22 September 2026 via VC/OAVM.
• Total income Rs 76,838.99k; revenue from operations nil.
• PAT Rs 44,825.98k; EPS Rs 7.20.
• No dividend proposed for FY2025-26.
• Main Object Clause amended to include mining and bullion activities.
• Company exploring new opportunities; Postal Ballot actions reported.

Financial performance

• Total income Rs 76,838.99k; operating expenses Rs 5,017.87k.
• Finance costs Rs 26,924.10k; depreciation Rs 69.16k.
• Total expenses Rs 32,011.12k; PBT Rs 44,827.86k.
• Tax expense Rs 1.88k; PAT Rs 44,825.98k.
• EPS Basic/Diluted Rs 7.20; revenue from operations nil.
• Consolidated financial statements not required due to absence of subsidiaries.

Cash flow & liquidity

• Net cash from operating activities: Rs (690,292.06)k.
• Net cash from investing activities: Rs 696,584.24k.
• Net cash from financing activities: Rs (194.82)k.
• Net increase in cash: Rs 6,097.36k.
• Cash at year-end: Rs 6,268.47k.

Balance sheet & capital structure

• Equity share capital: Rs 62,257.50k; Total equity: Rs 323,188.04k.
• Total debt: Rs 427,089.43k; Net debt: Rs 420,820.96k.
• Gearing ratio: 1.30x; promoter holding: 72.32%.
• Dematerialised share at 91.07% of equity.
• Subsidiaries: none; audited on Standalone basis.

Governance & management

• Board comprises 4 directors; two women.
• Managing Director: Kashyap Gandhi; Independent: Mala Poddar, Aditya Soni; Non-Executive: Jyoti Bambade.
• Company Secretary & Compliance Officer: Vikas Gangwal (from 1 Jun 2025).
• Secretarial Auditor: Pooja Gala & Associates.
• Board meetings held four times in 2025-26: 27 May, 6 Aug, 11 Nov, 11 Feb 2026.

Audit flags & risk

• Independent Auditor's Report is qualified due to interest-free unsecured loans and CIRP liabilities.
• Management explanations note non-recognition of interest; certain balances await confirmations.
• Contingent tax demands: IT Act 2006-07 Rs 27,911.62k; 2018-19 Rs 2,428.37k.
• Cash loss of Rs 3,150.76k reported in year.
• Internal controls deemed adequate; no material weaknesses identified.

Regulatory & compliance

• AGM via VC/OAVM; cut-off date 15 Sep 2026; e-voting 17-21 Sep 2026.
• BSE penalty paid for late CS compliance; non-compliance corrected.
• POSH Act applicable for few employees; ICC not mandatory; no harassment complaints.
• No subsidiary; no material related party transactions during year.