Advance Lifestyles Ltd (521048)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Advance Lifestyles' revenue was ₹15.2 Cr, and net profit ₹1.9 Cr; the operating margin was -0.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹15.2 | — | — |
| Operating profit | ₹-0.1 | loss widened | loss narrowed |
| Net profit | ₹1.9 | — | -52.2% |
| EPS (₹) | 3.12 | — | -52.1% |
| Operating margin | -0.8% | — | — |
📢 Recent Corporate Announcements
Advance Lifestyles Ltd has submitted the scrutinizer's report and voting results for its 37th Annual General Meeting held on September 23, 2026. A total of 2 resolutions were passed during the meeting. As of the record date of September 15, 2026, the company had 7,692 shareholders, with 34 public shareholders attending the meeting via video conferencing.
- 2 resolutions successfully passed at the 37th AGM
- Record date for voting eligibility was September 15, 2026
- Total shareholder base stood at 7,692 on the record date
- 34 public shareholders attended the meeting via video conferencing
Advance Lifestyles Limited has issued the notice convening its 37th Annual General Meeting (AGM) scheduled for Tuesday, September 22, 2026, at 1:00 PM IST via Video Conferencing. The company also published its Annual Report for the financial year 2025-26. Key agenda items include the adoption of audited standalone financial statements for FY26 and the reappointment of Managing Director Mr. Kashyap Gandhi, who retires by rotation.
- 37th AGM scheduled for September 22, 2026, at 1:00 PM IST via Video Conferencing
- Record/Cut-off date for remote e-voting set as September 15, 2026
- Re-appointment of Managing Director Mr. Kashyap Gandhi (DIN: 02604428) retiring by rotation
- Financial statements note certain sticky/non-moving balances in debtors, creditors, and loans & advances deemed recoverable with no provisions made
Advance Lifestyles Limited has submitted its Annual Report for FY 2025-26 along with the notice convening its 37th Annual General Meeting (AGM). The AGM is scheduled to be held virtually on September 22, 2026, with the cut-off date for e-voting fixed as September 15, 2026. Key agenda items include adopting standalone audited financial statements for FY26 and the reappointment of Managing Director Kashyap Gandhi, who retires by rotation. Notes to accounts disclose that certain non-moving balances in debtors, creditors, and advances exist, though management expects full recovery without provisioning.
- 37th Annual General Meeting scheduled for September 22, 2026 at 1:00 PM IST via Video Conferencing
- Cut-off date for e-voting eligibility set for September 15, 2026
- Ordinary business includes re-appointment of Managing Director Kashyap Gandhi, retiring by rotation
- Company notes state no sanctioned bank loan limits exceed Rs 5.00 Crores and no term loans were availed
- Management flagged certain sticky/non-moving debtor and advance balances but made no provisioning
Advance Lifestyles reported its Q1 FY27 results, which were met with a qualified opinion from auditors due to several financial irregularities. The auditor flagged an interest-free unsecured loan of ₹35.12 Cr from a related party and ₹7.59 Cr in liabilities to parties under insolvency or who are non-traceable. Furthermore, the company has granted interest-free loans in potential contravention of Section 186(7) of the Companies Act, 2013. Given the company's TTM revenue is ₹0, these balance sheet issues are highly material.
- Auditor flagged an unsecured interest-free loan of ₹3,511.90 lakhs (₹35.12 Cr) from a related party.
- Outstanding liabilities of ₹758.88 lakhs (₹7.59 Cr) involve parties under CIRP or non-traceable entities.
- Potential contravention of Section 186(7) of the Companies Act regarding interest-free loans granted by the company.
- The ₹35.12 Cr related party loan represents approximately 185% of the company's current market capitalization of ₹19 Cr.
- Annual General Meeting (AGM) scheduled for September 22, 2026, to discuss these results and director reappointments.
Advance Lifestyles approved its Q1 FY27 results, but the auditor issued a qualified opinion highlighting significant financial and legal concerns. The auditor flagged an interest-free unsecured loan of ₹35.12 Cr from a related party, which exceeds the company's total net worth of ₹32 Cr. Additionally, the company has ₹7.59 Cr in liabilities to parties that are either untraceable or undergoing insolvency (CIRP). Most critically, the auditor noted that interest-free loans granted by the company contravene Section 186(7) of the Companies Act, 2013.
- Auditor qualified the report over an interest-free related party loan of ₹35.12 Cr.
- Outstanding liabilities of ₹7.59 Cr involve two parties in CIRP and one untraceable party.
- Identified contravention of Section 186(7) of the Companies Act regarding interest-free loans granted.
- TTM revenue remains at ₹0 Cr, making balance sheet qualifications the primary valuation driver.
- 37th Annual General Meeting (AGM) scheduled for September 22, 2026.
Advance Lifestyles Ltd has scheduled a board meeting on August 11, 2026, to consider and approve its unaudited standalone financial results for the quarter ended June 30, 2026. The company currently operates with zero reported revenue, though it posted a significant net profit of ₹4.06 Cr in the March 2026 quarter, likely from non-operational sources. With a small market cap of ₹20 Cr and a high debt of ₹41 Cr, the upcoming results are crucial for understanding the company's liquidity and operational status. The trading window for insiders has been closed since July 1, 2026.
- Board meeting scheduled for August 11, 2026, to approve Q1 results.
- Trading window closed from July 1, 2026, until 48 hours after the announcement.
- Company reported ₹0 Cr revenue for the last four consecutive quarters.
- Total debt stands at ₹41 Cr against a market capitalization of ₹20 Cr.
- TTM EPS is reported at ₹7.19, primarily due to a one-off profit in Mar 2026.
Financial Performance
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