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 .

Advance Lifestyles promoter Prerna Agarwal has filed a revised disclosure under SEBI regulations following feedback from BSE regarding the pledge release on equity shares. The revised submission addresses specific formatting requirements and includes additional details as requested by the exchange.

Revised Disclosure Filing

The promoter submitted a revised disclosure on December 12, 2025, following BSE's communication regarding discrepancies in the original filing. The exchange requested a revised submission in the updated prescribed format with specific requirements:

BSE Communication and Compliance

BSE's Listing Department communicated certain discrepancies in the original disclosure and specifically requested the inclusion of reasons for encumbrances in the revised format. The exchange's feedback was provided via email on December 12, 2025, prompting the immediate submission of corrected documentation.

The revised disclosure incorporates all requisite details, including the reason for encumbrances, as mandated under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Framework

The disclosure filing covers compliance with SEBI's regulatory framework for substantial acquisitions and takeovers:

Corporate Communication Process

The formal communication was addressed to both BSE Limited at PJ Towers, Dalal Street, Mumbai, and Advance Lifestyles Limited at its registered office at 2nd Floor, Electric Mansion, West Wing, Worli, Mumbai. The promoter requested both entities to take the revised disclosure on record.

This revised filing demonstrates the company's commitment to regulatory compliance and transparency in promoter shareholding disclosures. The prompt response to exchange feedback ensures adherence to SEBI's evolving disclosure requirements and maintains proper corporate governance standards.