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Advance Lifestyles Ltd announced the results of a postal ballot conducted via remote e-voting between March 26 and April 24, 2025. Two special resolutions were passed with 100% votes in favour: (1) regularization of Mr. Kashyap Gandhi (DIN: 02604428) as Managing Director for a 5-year term (Jan 27, 2025 to Jan 26, 2030), and (2) regularization of Mr. Aditya Soni (DIN: 08998880) as Independent Non-Executive Director for a 5-year term (Feb 11, 2025 to Feb 10, 2030). A total of 45,02,733 shares voted, with zero votes against either resolution. Promoter and promoter group (holding 45,02,633 shares) voted entirely in favour, while public non-institutional participation was minimal—just 100 shares (0.01%) from that category. Only 11 out of 7,642 eligible shareholders actually cast their votes.
These are routine regulatory formalities to ratify board appointments already made earlier in 2025. Both resolutions passed unanimously with no dissent, indicating no shareholder objection. The very low public participation (0.01% of public-held shares) suggests a largely passive retail shareholder base and is not unusual for small-cap companies.