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Advance Lifestyles Ltd has informed BSE about the outcome of a postal ballot conducted via remote e-voting from March 26 to April 24, 2025. Two special resolutions were passed with 100% approval: (1) regularization of Mr. Kashyap Gandhi (DIN: 02604428) as Managing Director for 5 years from January 27, 2025 to January 26, 2030, and (2) regularization of Mr. Aditya Soni (DIN: 08998880) as Independent Non-Executive Director for 5 years from February 11, 2025 to February 10, 2030. Only 11 out of 7,642 shareholders voted, with 45,02,733 shares (all from promoter group) voting in favour and zero against both resolutions. The scrutinizer M/s MSDS & Associates confirmed the results on April 25, 2025.
Both appointments are now formally approved by shareholders, bringing stability to the board. However, very low public shareholder participation (only 100 shares of 17.22 lakh public non-institutional shares voted) shows minimal retail engagement, which is typical for promoter-driven small-cap companies.