Advance Lifestyles Q1 Net Profit Rs 19.42 Crore

The unaudited financial results for the quarter ended June 30, 2026.
The Directors' Report, Report on Corporate Governance, and Certificate of Non-disqualification of Directors for the financial year ended March 31, 2026.
Took note of the Secretarial Audit Report for the financial year ended March 31, 2026.
Approved Tuesday, September 22, 2026, as the date for convening the Thirty-Seventh Annual General Meeting (AGM).
Approved the appointment of M/s MSDS & Associates as scrutinizer for the 37th AGM.
Approved the appointment of M/s. Bigshare Services Private Limited as the e-voting agency for the 37th AGM.
Considered and recommended the reappointment of Mr. Kashyap Gandhi (DIN: 02604428), Managing Director, who is liable to retire by rotation and is eligible for reappointment under Section 152 of the Companies Act, 2013.

The unaudited financial results were approved by the Board and reviewed by the audit committee on August 11, 2026.

Key Financials (Quarter Ended June 30, 2026):

Revenue from operations: ₹152,079.90
Other Income: ₹26,924.87
Total Revenue: ₹179,004.77
Total Expenses: ₹159,588.94
Employee benefits expenses: ₹399.23
Finance Costs: ₹6,276.17
Depreciation and amortization: ₹33.76
Other Expenses: ₹809.88
Profit before tax: ₹19,415.83
Tax Expense (Current tax): ₹0.38
Net Profit for the period: ₹19,415.45
Paid-up Equity Share Capital (Face Value ₹10 each): ₹62,257.50 (62,257,500 shares)
Earnings per share (Basic and Diluted): ₹3.12

Comparative Figures:

The company operates in two segments:

1. Mining and Trading of Bullion & Precious Metals: Segment assets of ₹385,225.00 thousand as of June 30, 2026.

2. Real Estate & Infrastructure Development: Segment assets of ₹349,224.25 thousand as of June 30, 2026.

Total unallocated assets were ₹33,173.72 thousand, bringing total assets to ₹768,607.91 thousand.

Segment revenue for the quarter ended June 30, 2026:

1. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS).

2. The company commenced bullion trading activities during the quarter, contributing to revenue and purchases of stock-in-trade.

3. Other Income includes a Fair Value Measurement Gain on Loans of ₹26,922.95 thousand, recognized under Ind AS 109.

4. Finance Costs primarily include the effective interest rate (EIR) impact as per Ind AS.

5. Figures for previous periods have been regrouped/recast/reclassified where necessary.

Piyush J. Shah & Co., Chartered Accountants, issued a qualified conclusion on their limited review of the unaudited financial results, citing:

1. Interest on Borrowings and Liabilities:

The company obtained an unsecured loan of ₹3,511.90 lakhs from a related party, treated as interest-free with no interest expense recognized.
Outstanding liabilities of ₹758.99 lakhs payable to three parties, two of which are undergoing Corporate Insolvency Resolution Process (CIRP) and one is non-traceable. No interest recognized on these balances.
In the absence of sufficient evidence on terms and accounting treatment, the auditor cannot determine if adjustments for interest are required.

2. Non-Receipt of Balance Confirmations:

Balance confirmations and supporting reconciliations were not available for the outstanding liabilities of ₹758.99 lakhs, preventing verification of existence, completeness, and valuation.

3. Non-Charging of Interest on Loans Granted:

The company granted short-term loans and advances in earlier periods without charging interest. Management has not determined the financial impact under Ind AS 109.
An interest-free loan was granted in contravention of Section 186(7) of the Companies Act, 2013.

Except for these matters, nothing has come to the auditor's attention that causes them to believe the financial results are not fairly presented.

The company had no pending investor complaints as of March 31, 2026, and received no complaints during Q1 June 2026.
The financial results include all required disclosures under SEBI Listing Regulations.