Advance Lifestyles Limited has successfully completed its postal ballot process, with shareholders approving three critical corporate resolutions through remote e-voting. The voting process, conducted from February 27, 2026 to March 28, 2026, demonstrated overwhelming shareholder support with 99.99% approval across all resolutions.

Postal Ballot Process and Compliance

The postal ballot was conducted in accordance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the postal ballot was dated February 24, 2026, and submitted to BSE Limited on February 25, 2026. The company engaged M/s MSDS & Associates, a firm of Company Secretaries, as the scrutinizer for the voting process.

Resolution Details and Voting Results

All three special resolutions were approved with overwhelming majority support from shareholders. The resolutions addressed key corporate governance and operational matters:

Resolution 1: Insertion of New Object Clause This special resolution aimed to expand the company's business scope through new object clauses in its memorandum of association.

Resolution 2: Adoption of New Memorandum of Association The resolution focused on adopting a new set of Memorandum of Association as per the provisions of the Companies Act, 2013.

Resolution 3: Enhancement of Investment Limits This resolution sought approval for enhancement of limits under Section 186 of the Companies Act, 2013 for loans, guarantees, securities and investments.

Comprehensive Voting Statistics

Scrutinizer's Report and Confirmation

Meghna Shah, Partner of MSDS & Associates, submitted the scrutinizer's report on March 30, 2026, confirming the validity of the voting process. The scrutinizer verified that all necessary formalities in compliance with the Companies Act, 2013 and SEBI regulations were properly followed. The voting results were unblocked in the presence of two independent witnesses, Mr. Rajesh Solanki and Ms. Komal, neither of whom are employed by the company.

Regulatory Compliance and Documentation

Advance Lifestyles Limited ensured full compliance with regulatory requirements throughout the postal ballot process. The company published advertisements in Active Times (English) and Mumbai Lakshadweep (Marathi) newspapers on February 26, 2026, as prescribed under the Companies (Management & Administration) Rules, 2014. The voting results and scrutinizer's report have been made available on the company's website at www.advance.net.in for shareholder reference. Company Secretary Vikas Gangwal (ACS: 62314) submitted the complete documentation to BSE Limited on March 30, 2026, confirming that all resolutions were passed with requisite majority.

Advance Lifestyles Limited has issued a comprehensive postal ballot notice dated February 24, 2026, seeking shareholder approval for strategic business expansion and corporate restructuring initiatives. The company has scheduled the e-voting period from February 27 to March 28, 2026, allowing shareholders to participate in crucial decisions that will shape the company's future direction.

Key Resolutions for Shareholder Approval

The postal ballot encompasses three special resolutions that require shareholder consent through remote e-voting. The company has appointed M/s MSDS & Associates as the scrutinizer, with Ms. Meghna Mehul Shah (FCS-9425, CP No. 9007) or Ms. Dipali Shah (ACS-25422, CP No. 23194) overseeing the voting process.

Mining and Precious Metals Diversification

The first resolution proposes significant business diversification through the insertion of new object clauses in the company's Memorandum of Association. The proposed amendments will enable Advance Lifestyles to engage in comprehensive mining operations including:

• Mining and extraction of gold, silver, precious metals, and stones
• Processing, beneficiation, refining, and smelting operations
• Trading in gold-bearing ores, bullion, and precious metal products
• Establishment of mines, refineries, and infrastructure facilities
• Import-export operations for precious metals and jewelry

The expansion covers both ferrous and non-ferrous minerals, base metals, industrial minerals, and rare earth minerals, positioning the company for diversified mineral resource operations in India and abroad.

Corporate Governance Alignment

The second resolution addresses the adoption of a new Memorandum of Association to align with Companies Act 2013 provisions. This restructuring will merge Clause III (C) - Other Objects with Clause III (B) - Objects incidental or ancillary to main objects, ensuring compliance with current regulatory frameworks.

Enhanced Investment Authority

The third resolution seeks approval for expanding the company's investment capabilities under Section 186 of the Companies Act 2013. The proposed enhancement will allow the Board to make loans, guarantees, securities, and investments up to ₹500 crore over and above the prescribed statutory limits.

E-voting Process and Timeline

Shareholders whose names appear in the register as of the cut-off date Friday, February 06, 2026, are eligible to participate in the e-voting process. The company has engaged Bigshare Services Pvt Ltd to facilitate the electronic voting platform, ensuring seamless participation for all eligible members.

The voting process accommodates shareholders holding shares in both demat and physical form, with specific login procedures for CDSL and NSDL demat account holders. Corporate and institutional members must submit certified copies of board resolutions or authority letters to the scrutinizer.

Strategic Business Rationale

The Board of Directors approved these proposals at their meeting held on February 10, 2026, considering the company's business expansion strategies and opportunities in the mining sector. The diversification into precious metals and mining operations represents a strategic shift aimed at exploring new revenue streams and market opportunities.

The results of the postal ballot will be declared within two working days from the closure of the e-voting period on March 28, 2026. The scrutinizer's report and voting results will be communicated to stock exchanges and made available on the company's website at www.advance.net.in .