Riyaasat Lifestyle Limited has updated its Corporate Identification Number (CIN) in the Ministry of Corporate Affairs (MCA) records to reflect its new "Listed" status. This change follows the listing of the company's equity shares on the Bombay Stock Exchange (BSE) on July 1, 2026.

The company informed the BSE on September 24, 2026, that the MCA Master Data was updated with effect from September 23, 2026. The regulatory intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Status and CIN changes

The update signifies the transition of Riyaasat Lifestyle from an unlisted public company to a listed entity. The specific changes to the corporate records are detailed below:

The full CIN changed from U18100GJ2021PLC126637 to L18100GJ2021PLC126637. The prefix change from 'U' to 'L' is a standard administrative procedure mandated by the MCA to denote listed status.

Company profile and financial structure

Riyaasat Lifestyle is registered with the Registrar of Companies (ROC) in Ahmedabad. The company, incorporated on October 23, 2021, operates in the lifestyle sector. As per the latest MCA data, the company's capital structure reflects a paid-up capital of ₹10.74 crore against an authorised capital of ₹15.50 crore.

The company currently has three active charges registered against its assets, primarily with HDFC Bank and AU Small Finance Bank. The total outstanding charge amount across these active facilities stands at approximately ₹197.7 crore, indicating significant leverage relative to its current paid-up capital.

Key corporate details

• Registered Office: Ahmedabad, Gujarat
• Managing Director: Gaurang Ramanbhai Galiya
• Last AGM Date: September 30, 2025
• Balance Sheet Date: March 31, 2025

The listing marks a significant milestone for the Ahmedabad-based firm, enhancing its visibility and liquidity for investors. The company has requested the BSE to update its records accordingly.

Riyaasat Lifestyle Limited filed its annual report for FY26 and issued the notice for its fifth Annual General Meeting (AGM). The ethnic wear company reported a 34.55% year-on-year increase in revenue from operations to ₹3,337.46 lakh, driven by expanded retail presence and operational scale.

The Board of Directors approved the financial statements and governance documents on September 5, 2026. The 5th AGM is scheduled for September 29, 2026, at 11:30 am via video conferencing or other audio-visual means. Shareholders holding shares as on the cut-off date of September 22, 2026, are eligible to vote.

Financial Performance

Revenue from operations grew from ₹2,480.46 lakh in FY25 to ₹3,337.46 lakh in FY26. Profit before tax increased to ₹627.01 lakh from ₹587.69 lakh in the previous year. Net profit after tax stood at ₹519.41 lakh, up from ₹478.24 lakh in FY25. EBITDA improved to approximately ₹572.42 lakh from ₹512.17 lakh in FY25.

Balance Sheet and Capital Structure

The company’s total assets increased significantly to ₹8,060.06 lakh from ₹3,391.25 lakh in FY25. Long-term borrowings rose to ₹2,640.00 lakh from ₹210.72 lakh, reflecting capital expenditure on property, plant, and equipment, which grew to ₹3,188.52 lakh from ₹29.27 lakh. Inventories also expanded to ₹4,104.62 lakh from ₹2,140.27 lakh.

Subsequent to the financial year-end, Riyaasat Lifestyle raised ₹3,019.73 lakh through an Initial Public Offering (IPO) completed on July 1, 2026. The paid-up share capital increased from ₹7,89,56,780 to ₹10,74,44,780 following the allotment of 28,48,800 equity shares.

Corporate Governance and AGM Agenda

The AGM agenda includes the reappointment of Mrs. Sobhanaben Ramanbhai Galiya as a director upon retirement by rotation. Additionally, shareholders will vote on the appointment of M/s Nirav Shah & Associates as Secretarial Auditor for five consecutive years, from April 1, 2026, to March 31, 2031, pursuant to Regulation 24A of the SEBI Listing Regulations.

The board noted no changes in the nature of business during FY26. No dividend was proposed for the financial year ended March 31, 2026, as resources were preserved for planned business growth and expansion activities.

What the Numbers Show

While revenue growth of 34.55% outpaced profit growth of 6.73%, this divergence reflects significant upfront investments in infrastructure and inventory. Capital expenditure surged to over ₹3,188 lakh, primarily for new retail spaces, indicating a strategic shift towards physical expansion that will likely impact near-term margins before yielding long-term returns.