Please find attached the Postal Ballot Notice
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Advance Lifestyles Ltd (BSE: 521048) has issued a Postal Ballot Notice dated February 24, 2026, seeking shareholder approval through remote e-voting for three Special Resolutions. Voting opens on February 27, 2026 and closes on March 28, 2026, with the cut-off date set as February 6, 2026. Resolution 1 proposes adding mining, extraction, and trading of gold, silver, precious metals, stones, and minerals to the company's main object clause — a major pivot into the mining and precious metals sector. Resolution 2 seeks adoption of a new set of Memorandum of Association aligned with Table A of Schedule I of the Companies Act, 2013. Resolution 3 seeks approval to enhance limits for loans, guarantees, securities and investments under Section 186 up to ₹500 Crore, over and above the statutory ceiling.
If approved, the company gains a mandate to enter the mining and precious metals business and gets significant financial flexibility (up to ₹500 Crore) to fund acquisitions, joint ventures, or subsidiaries in the new sector. Shareholders should watch this as a potential strategic transformation but note that moving into mining from the existing lifestyle business carries meaningful execution and regulatory risk.