Advance Lifestyles promoter Prerna Agarwal has released a pledge on equity shares and filed the requisite regulatory disclosure. The development involves a substantial number of shares and represents a significant corporate action by the promoter.

Pledge Release Details

The disclosure filed under SEBI regulations reveals specific details about the share pledge release:

The shares were held by Motilal Oswal Finvest Limited on behalf of the promoter before the pledge release. This transaction represents a change in the encumbrance status of the promoter's shareholding in the company.

Regulatory Compliance

The disclosure has been filed in accordance with SEBI's regulatory framework for substantial acquisitions and takeovers. The filing covers compliance with multiple regulatory provisions:

• Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Regulation 31(2) of the same regulatory framework

The promoter has formally communicated the pledge release to Advance Lifestyles Limited's registered office in Mumbai, requesting the company to take the disclosure on record.

Corporate Communication

The formal communication was addressed to Advance Lifestyles Limited at its registered office located at 2nd Floor, Electric Mansion, West Wing, Worli, Mumbai-400025. The disclosure letter included relevant documentation in the prescribed format as mandated by SEBI regulations.

This pledge release represents a routine corporate action that requires mandatory disclosure under India's securities regulations. Such disclosures ensure transparency in promoter shareholding patterns and any changes in encumbrance status of shares held by promoters and their associated entities.

Advance Lifestyles Limited , a company operating in the textiles and real estate sectors, has released its unaudited financial results for the quarter and half-year ended September 30, 2025. The results, approved by the company's Board of Directors on November 11, 2025, reveal a mixed financial picture, with improved profitability but significant concerns raised by the auditors.

Financial Performance

The company reported a notable improvement in its financial performance for the quarter ended September 30, 2025:

Advance Lifestyles' revenue from operations in Q2 2025 increased to ₹8,814.46 thousand, up from ₹6,863.19 thousand in the same quarter of the previous year. This growth contributed to a net profit of ₹1,304.93 thousand for the quarter, a significant turnaround from the loss of ₹317.60 thousand in Q2 2024.

For the half-year ended September 30, 2025, the company reported a total revenue of ₹17,569.06 thousand and a net profit of ₹2,535.35 thousand. However, these figures are lower compared to the same period in the previous year, which saw a revenue of ₹26,460.39 thousand and a net profit of ₹9,911.35 thousand.

Auditor's Concerns

Despite the improved quarterly performance, the company's statutory auditor, Piyush J. Shah & Co., has issued a qualified review report. The auditor highlighted concerns regarding an inter-corporate advance of ₹24,12,084.55 thousand granted by Advance Lifestyles to another company. This recipient company has reportedly accumulated losses over the years, resulting in a complete erosion of its net worth and currently has no ongoing business operations or viable revenue streams.

The auditor noted that Advance Lifestyles has not recognized any impairment loss on this substantial inter-corporate advance. This lack of impairment recognition is not in compliance with the requirements of Indian Accounting Standard (Ind AS) 109 on Financial Instruments. The auditor stated that if the company had assessed and recognized the impairment loss as per the standard, both the carrying amount of the advance and the profit for the period would have been lower, although the exact amount of this potential impairment remains unascertained.

Business Segments and Investor Relations

Advance Lifestyles Limited operates in two primary business segments: Textiles and Real Estate. However, the company noted that the disclosure requirements for segment reporting under Ind AS 108 are not applicable as none of the segments are considered reportable segments.

On the investor relations front, the company reported no pending complaints from investors as of September 30, 2025, and no complaints were received during the quarter under review.

Conclusion

While Advance Lifestyles Limited has shown improved profitability in the most recent quarter, the qualified review from the auditors raises significant concerns about the company's financial practices, particularly regarding the large inter-corporate advance. Investors and stakeholders may need to closely monitor how the company addresses these issues in the coming months, as they could potentially impact the company's financial health and future performance.