Advance Lifestyles Limited reported a net profit of ₹44.83 crore for the financial year ended March 31, 2026, a substantial increase from ₹14.27 crore in the previous year. The company's board approved the audited standalone financial results for the quarter and year ended March 31, 2026, on May 27, 2026. However, the statutory auditors issued a qualified opinion on the results, citing the non-provision of interest on specific borrowings and outstanding liabilities.

Qualified Audit Opinion

Piyush J. Shah & Co., Chartered Accountants, issued a qualified opinion primarily due to three factors. The company obtained an unsecured loan of ₹35.12 crore from a related party, which it represents as interest-free, resulting in no interest expense recognition. Additionally, the company has outstanding liabilities of ₹7.59 crore payable to three parties; two are undergoing Corporate Insolvency Resolution Process (CIRP) and one is non-traceable. The auditors noted the absence of adequate evidence regarding terms and conditions to comment on the adequacy of non-provision of interest. Furthermore, the company granted short-term loans without charging interest, a contravention of Section 186(7) of the Companies Act, 2013, with the financial impact not assessed by management.

Financial Performance

The company recorded total revenue of ₹7.68 crore for FY26, up from ₹4.47 crore in FY25. Total expenses for the year stood at ₹3.20 crore compared to ₹2.96 crore in the previous year. For the quarter ended March 31, 2026, the net profit was ₹4.06 crore, while basic earnings per share (EPS) increased to ₹7.20 for the full year from ₹2.29 in the prior year.

Key Financial Metrics

Segment Reporting and Other Disclosures

The company disclosed segment-wise information for the first time in accordance with Ind AS 108, identifying operating segments based on its internal reporting structure. The financial results include a Fair Value Measurement Gain on Loans of ₹3.96 crore, recognised under 'Other Income'. The trading window for dealing in the company's securities will remain closed until 48 hours after the declaration of these audited financial results.

Advance lifestyles Limited has filed its quarterly compliance certificate with BSE Limited, confirming adherence to SEBI regulations for the quarter ended March 31, 2026. The submission fulfills the company's regulatory obligations under the Securities and Exchange Board of India framework.

Regulatory Compliance Certificate

The certificate was submitted pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Vikas Gangwal digitally signed the document on April 10, 2026, and filed it with BSE Limited.

Registrar and Transfer Agent Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate confirming adherence to relevant provisions during Q4FY26. The RTA operates from Ahmedabad, Gujarat, and holds SEBI registration as a Category I Registrar & Transfer Agent.

The certificate confirms that securities received from depository participants for dematerialization up to March 31, 2026 were properly processed and confirmed to the depositories. All security certificates received for dematerialization were mutilated and cancelled after due verification, with depositories' names substituted in the register of members within the prescribed 15-day timeframe.

Compliance Framework

The filing addresses SEBI circulars NSDL/CIR/II/5/2019 and CDSL/OPS/RTA/POLICY/2019/14, both dated January 25, 2019, along with SEBI letter reference MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019. These regulations ensure proper handling of dematerialized securities and maintenance of investor records.

The quarterly compliance certificate represents a standard regulatory requirement for listed companies, demonstrating Advance Lifestyles Limited's commitment to maintaining proper corporate governance and regulatory adherence.