Advance Lifestyles Limited will hold its 37th Annual General Meeting on Tuesday, September 22, 2026. The meeting will be conducted virtually through Video Conferencing or Other Audio Visual Means.

The company notified the Bombay Stock Exchange of the meeting details pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The notice was published in newspapers on September 1, 2026.

Meeting Details

The AGM is scheduled for 1:00 pm IST. Members can participate remotely without physical presence at a common venue, in compliance with Ministry of Corporate Affairs and SEBI circulars.

E-Voting Process

Remote e-voting will commence on Thursday, September 17, 2026, at 9:00 am and end on Monday, September 21, 2026, at 5:00 pm. The facility will not be available beyond this deadline.

• Cut-off date for voting rights: September 15, 2026
• Voting provider: Big Share Services Private Limited
• Scrutinizer: MSDS & Associates

Members holding shares as of the cut-off date are eligible to vote. Those who cast remote votes cannot vote again during the meeting.

Advance Lifestyles reported a net profit of ₹44,825.98 thousand for the financial year ended March 31, 2026, marking a significant increase from the previous year's figure of ₹14,269.63 thousand. The earnings per share (EPS) rose to ₹7.20 from ₹2.29 in FY25.

The company generated no revenue from operations during the period. Total income was derived entirely from other sources, totaling ₹76,838.99 thousand, compared to ₹44,742.74 thousand in the prior year. This income growth was primarily fueled by interest income and fair value measurement gains.

Financial Performance

The profit before tax stood at ₹44,827.86 thousand, up from ₹15,124.57 thousand in FY25. Total expenses increased slightly to ₹32,011.13 thousand from ₹29,618.17 thousand. Finance costs remained stable at ₹26,924.10 thousand, while operating expenses rose to ₹5,017.87 thousand from ₹2,684.86 thousand.

What the Numbers Show

The company’s profitability is heavily dependent on non-operating income rather than core business activities. Interest income accounted for ₹35,385.35 thousand, while fair value measurement gains contributed ₹39,588.33 thousand. Together, these two items constituted nearly 98% of the total other income, highlighting a reliance on financial asset valuation changes and interest accruals for bottom-line performance.

Balance Sheet and Cash Flow

Total assets increased to ₹7,65,801.02 thousand from ₹7,36,662.91 thousand. Non-current assets dropped significantly to ₹8,141.63 thousand from ₹2,69,845.02 thousand, largely due to a reduction in loans and advances. Conversely, current assets surged to ₹7,57,659.39 thousand, driven by a sharp rise in other current assets to ₹6,87,465.98 thousand.

Cash and cash equivalents improved substantially to ₹6,268.47 thousand from ₹171.11 thousand. However, operating activities consumed ₹6,90,292.06 thousand in cash, offset by investing activities which generated ₹6,96,584.24 thousand, primarily from repayments of short-term and long-term loans.

Corporate Actions and Governance

The company convened its 37th Annual General Meeting on September 22, 2026, via video conferencing. Key agenda items included the adoption of audited standalone financial statements and the re-appointment of Mr. Kashyap Gandhi as a director liable to retire by rotation.

During the year, the company amended its Memorandum of Association to include activities related to mining and trading of bullion, precious metals, and allied sectors. No dividend was proposed for FY26, and no amounts were transferred to reserves. The statutory auditor, M/s. Piyush J Shah & Co., issued a qualified opinion on the financial statements, citing lack of sufficient audit evidence regarding certain borrowings and outstanding liabilities.