ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-2025
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Awaiting price reaction for this filing.
Advance Lifestyles Limited (BSE: 521048) has submitted its Annual Report for FY 2024-25 along with the notice for its 36th Annual General Meeting scheduled for 18th September 2025 via video conferencing. The company reported no revenue from operations, with total income of Rs. 44.74 lakh coming entirely from 'other income', up from Rs. 35.11 lakh last year. Profit after tax jumped sharply to Rs. 1.43 crore (EPS Rs. 2.29) compared to Rs. 21.39 lakh (EPS Rs. 0.34) in FY24, aided by the absence of a Rs. 50 lakh exceptional item charge seen in the prior year. No dividend was declared and no amount was transferred to reserves. The company also proposes appointing M/s. Pooja Gala & Associates as Secretarial Auditor for a 5-year term and re-appointing Ms. Jyoti Bambade as Director.
For shareholders, this is largely a procedural filing with no new business catalysts — the company continues to have no operating revenue and earns only other income, so the jump in profit is not from core business. The AGM items (re-appointment of director and secretarial auditor) are routine. Investors should note the multiple board changes and the company's continued lack of business activity, which limits fundamental growth prospects.