Advance Lifestyles Limited disclosed its audited financial results for the quarter and financial year ended March 31, 2026, through a regulatory filing to BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors meeting was held on May 27, 2026, from 4:00 PM to 7:00 PM, where they approved:

1. Audited financial results for Q4 and FY ended March 31, 2026, along with Auditors' Report and Statement of Impact of Audit Qualification(s)

2. Internal auditors' report for FY 2025-2026

3. Annual Secretarial Compliance Report for FY 2025-2026

Financial Performance (Year Ended March 31, 2026)

  • Total Revenue: ₹76,838.99 thousand (compared to ₹44,742.74 thousand in FY2025)
  • Other Income: ₹76,838.99 thousand (includes fair value measurement gain of ₹39,588.33 thousand on loans)
  • Total Expenses: ₹32,011.13 thousand (compared to ₹29,618.17 thousand in FY2025)
  • Employee benefits expenses: ₹26,924.10 thousand
  • Finance Costs: ₹26,924.10 thousand
  • Depreciation: ₹69.16 thousand
  • Other Expenses: ₹3,016.85 thousand
  • Profit Before Tax: ₹44,827.86 thousand (compared to ₹15,124.57 thousand in FY2025)
  • Tax Expenses: ₹1.88 thousand (Deferred tax)
  • Net Profit: ₹44,825.98 thousand (compared to ₹14,269.63 thousand in FY2025)
  • Earnings Per Share (Basic & Diluted): ₹7.20 (compared to ₹2.29 in FY2025)
  • Paid-up Equity Share Capital: ₹62,257.50 thousand (face value ₹10 each)

Financial Performance (Quarter Ended March 31, 2026)

  • Total Revenue: ₹48,944.23 thousand
  • Other Income: ₹48,944.23 thousand
  • Total Expenses: ₹8,347.26 thousand
  • Profit Before Tax: ₹40,596.97 thousand
  • Tax Expenses: ₹(0.21) thousand (Deferred tax)
  • Net Profit: ₹40,597.18 thousand
  • Earnings Per Share (Basic & Diluted): ₹6.52

Balance Sheet Position (as at March 31, 2026)

  • Total Assets: ₹765,801.02 thousand
  • Current Assets: ₹687,465.98 thousand
  • Cash and cash equivalents: ₹6,268.47 thousand
  • Loans: ₹62,500.00 thousand
  • Non-Current Assets: ₹78,335.04 thousand
  • Total Equity: ₹323,188.04 thousand
  • Equity share capital: ₹62,257.50 thousand
  • Other equity: ₹260,930.54 thousand
  • Total Liabilities: ₹442,612.98 thousand
  • Non-current liabilities: ₹338,524.49 thousand
  • Current liabilities: ₹104,088.49 thousand
  • Borrowings: ₹75,899.55 thousand

Segment Reporting

This is the first period where segment reporting became applicable under Ind AS 108. Segments reported:

  • Mining and Trading of Bullion & Precious Metals
  • Real Estate & Infrastructure Development
  • Unallocated

Cash Flow Statement (FY2026)

  • Net cash used in operating activities: ₹(690,292.06) thousand
  • Net cash from investing activities: ₹696,584.24 thousand
  • Net cash used in financing activities: ₹(194.82) thousand
  • Net increase in cash: ₹6,097.36 thousand
  • Cash and cash equivalents at year-end: ₹6,268.47 thousand

Audit Qualifications

The statutory auditors, Piyush J. Shah & Co., issued a qualified opinion with three main concerns:

1. Non-Provision of Interest on Borrowings and Outstanding Liabilities:

  • Company obtained unsecured loan of ₹3,511.90 lakhs (₹35,119 thousand) from a related party claimed as interest-free
  • Outstanding liabilities of ₹758.99 lakhs (₹7,589.90 thousand) payable to three parties, with two undergoing Corporate Insolvency Resolution Process (CIRP) and one non-traceable
  • No interest provision made on these balances

2. Non-Confirmation of Balances from Parties under CIRP/Non-Traceable Parties:

  • Unable to verify ₹758.99 lakhs payable to three parties due to lack of balance confirmations
  • Two parties under CIRP, one non-traceable

3. Non-Charging of Interest on Loans Granted:

  • Company granted short-term loans and advances without charging interest
  • Interest-free loans granted in contravention of Section 186(7) of Companies Act, 2013

Management Response to Audit Qualifications

Management states that the exact financial impact of the audit qualifications is not ascertainable due to:

  • Unsecured borrowings have been interest-free since inception
  • Entire principal of loans granted has been repaid during the year
  • Outstanding liabilities pertain to parties under CIRP where final settlement obligation is yet to be determined
  • One party is non-traceable with no balance confirmations received
  • Lack of independent balance confirmations and supporting documentary evidence

Other Notes

  • Fair Value Measurement Gain of ₹39,588.33 thousand recognized under Other Income
  • Interest Income and Expense primarily attributable to present value effect/effective interest rate impact under Ind AS
  • No investor complaints pending as of March 31, 2026
  • Previous period figures have been regrouped/recast/reclassified where necessary