The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 12, 2025 for Prerna Agarwal
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Promoter Prerna Agarwal has disclosed the release of a pledge on 45,02,633 equity shares (72.32% of total share capital) in Advance Lifestyles Ltd. The pledge was originally created with Motilal Oswal Finvest Limited to secure a borrowing and has now been released on 10th December 2025. After the release, the promoter continues to hold the same 45,02,633 shares (72.32%) but with zero encumbrance. This is a revised submission correcting discrepancies flagged by BSE in an earlier filing dated 11th December 2025.
This is a positive signal for shareholders — the promoter's pledge with Motilal Oswal Finvest has been fully removed, which reduces the risk of forced share sale or margin call pressure on the stock. The promoter's ownership remains unchanged at 72.32%, so there is no dilution or change in control.