Has Lifestyle Limited appointed M/s. Gujar and Kulkarni, Chartered Accountants, as its Statutory Auditors for a term of five consecutive years. The appointment was approved by members at the company's 19th Annual General Meeting held on September 24, 2026.

The firm will hold office from the conclusion of the 19th AGM until the conclusion of the 24th AGM. This decision was taken pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor profile and appointment details

M/s. Gujar and Kulkarni is a partnership firm of Chartered Accountants established on March 3, 2015. The firm is registered with the Institute of Chartered Accountants of India (ICAI) under Registration No. 140182W. It holds an RBI Unique Firm Code No. 1013221 and is categorised as a Grade IV firm on the Reserve Bank of India's panel of statutory auditors. Additionally, the firm possesses a Comptroller & Auditor General (CAG) empanelment code BO0218.

The meeting, chaired by Hemang Bhatt, commenced at 12:00 pm and concluded at 12:35 pm at the company's registered office in Andheri East, Mumbai. Five members attended the meeting, either in person or through authorized representatives.

Governance resolutions adopted

Shareholders adopted the audited financial statements for FY26 and approved key governance appointments. Niru Kanodia (DIN: 02651444), who retired by rotation, was re-appointed as a Director following her eligibility to offer herself for re-appointment. The shareholders also adopted a new set of Articles of Association for the company.

Voting process and quorum

Pursuant to Section 108 of the Companies Act, 2013, the company provided a remote e-voting facility for the resolutions. The e-voting window opened on September 21, 2026, at 9:00 am and closed on September 23, 2026, at 5:00 pm. Members present at the AGM who had not voted remotely were entitled to cast their votes during the meeting.

CS Divya Mohta, Practising Company Secretary, was appointed as the Scrutinizer to oversee the remote e-voting and voting process in a fair and transparent manner. The requisite quorum was present throughout the proceedings.

Has Lifestyle Limited reported a sharp rise in profitability for the financial year ended March 31, 2026, with net profit surging to ₹382.75 lakh from ₹85.57 lakh in the previous year. The Mumbai-based food and beverage operator also saw revenue from operations grow by approximately 37.8% to ₹1,831.51 lakh.

The company submitted its annual report to the BSE on August 27, 2026, disclosing strong operational improvements across its nine outlets in Mumbai. Despite the significant profit growth, the Board of Directors did not declare any dividend for FY26.

Financial Performance

The company’s total income for FY26 stood at ₹2,227.56 lakh, compared to ₹1,457.35 lakh in FY25. This increase was primarily driven by higher net sales from operations, which rose to ₹1,831.51 lakh from ₹1,328.78 lakh.

Other income contributed significantly to the top line, rising to ₹396.04 lakh from ₹128.57 lakh. Total expenses increased to ₹1,764.28 lakh, reflecting higher operational activity but remaining lower than the growth rate of income.

What the Numbers Show

A notable divergence exists between the growth in core sales and other income. While revenue from operations grew by nearly 38%, other income more than tripled, contributing roughly 17.8% of total income in FY26 compared to 8.8% in FY25. This suggests that non-operating gains played an outsized role in the overall profit expansion, alongside improved operating leverage where profit before tax grew over four times faster than revenue.

Corporate Governance and AGM

The company has scheduled its 19th Annual General Meeting for September 24, 2026, at its registered office in Andheri East, Mumbai. Key agenda items include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mrs. Niru Kanodia as a director liable to retire by rotation.
• Appointment of M/s. Gujar and Kulkarni as statutory auditors for five years, replacing M/s. Sachin Phadke & Associates who resigned in October 2025.
• Adoption of a new set of Articles of Association to align with recent amendments to the Companies Act, 2013.

Operational Updates

As of March 31, 2026, Has Lifestyle Limited operated nine outlets across Mumbai under its brands Has Juices & More and Has South Bombay Café. The workforce expanded to 116 employees from 85 in the previous year, supporting the company’s focus on product innovation and operational efficiency. The holding company, Team India Managers Limited, continues to hold a 76.50% stake in the business.