Dear Sir/Madam, Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Annual Report ....
Awaiting price reaction for this filing.
HAS Lifestyle Limited has submitted its 18th Annual Report for FY 2024-2025 to BSE, along with the notice for its 18th Annual General Meeting scheduled for September 29, 2025. The company, which runs health and wellness brands HAS Juices & more and HAS's South Bombay Cafe across 8 outlets in Mumbai, reported net sales of ₹1,328.78 lakhs, up 4.43% from ₹1,272.41 lakhs in the previous year. However, profit for the year fell sharply to ₹85.57 lakhs from ₹277.71 lakhs, and EPS dropped to ₹1.80 from ₹5.84. No dividend has been declared. The AGM notice includes a special resolution to revise the Managing Director's remuneration ceiling from the current ₹2,30,000/month up to ₹4,50,000/month. The company also saw three CFO changes during the year, with Priya Jha being the most recent appointment effective August 25, 2025.
Despite top-line growth, the steep drop in profitability (roughly 69% lower than last year) and the proposal to nearly double the MD's maximum pay ceiling may concern shareholders. The holding company Team India Managers Limited continues to own 76.50% of the company, leaving limited free float for retail investors.