Advance Lifestyles News

Advance Lifestyles Issues Postal Ballot for Mining Expansion

Advance Lifestyles Limited announces postal ballot notice for February 2026 seeking shareholder approval for mining business diversification, MOA amendments, and enhanced investment limits up to ₹500 crore.

Advance Lifestyles Files Revised Shareholding Disclosure

Prerna Agarwal submits revised disclosure under SEBI regulations for pledge release on 45.03 lakh equity shares, addressing BSE's feedback on encumbrance details and format compliance.

Advance Lifestyles Limited Resubmits Quarterly Results with Auditor Qualification on Inter-Corporate Advance

Advance Lifestyles Limited resubmitted its unaudited financial results for the quarter and half-year ended September 30, 2025, after BSE requested inclusion of cash flow statement. The company's auditors issued a qualified review report citing concerns over a Rs 2,41,208.46 thousand inter-corporate advance given to a loss-making company with eroded net worth, where no impairment loss was recognized despite compliance requirements under IndAS 109.

Advance Lifestyles Limited Reports Quarterly Results with Auditor Qualification on Inter-Corporate Advance

Advance Lifestyles Limited's Board approved unaudited financial results for the quarter and half year ended September 30, 2025. The company's auditor issued a qualified review report highlighting concerns over an inter-corporate advance of ₹24,12,084.55 thousand granted to another company that has accumulated losses and complete erosion of net worth. The recipient company has no ongoing business operations or viable revenue streams. The auditor noted that Advance Lifestyles has not recognized any impairment loss on this advance, which does not comply with IndAS 109 requirements. The company operates in two primary business segments - Textiles and Real Estate. No investor complaints were pending or received during the quarter.

Advance Lifestyles Limited Reports Quarterly Financial Results with Net Profit of Rs 1,230 Thousand

Advance Lifestyles Limited published its unaudited financial results for the quarter ended June 30, 2025. The company reported total income from operations of Rs 10,229 thousand and net profit after tax of Rs 1,230 thousand for the quarter. The equity share capital stands at Rs 62,258 thousand, while reserves amount to Rs 3,06,515 thousand. Basic and diluted earnings per share were Rs 0.20 each. The results were approved by the Board of Directors at their meeting held on August 6, 2025, and published in Active Times (English) and Mumbai Lakshadeep (Marathi) newspapers on August 7, 2025.