Advance Lifestyles Ltd. — AGM Information 2021

Dec 10, 2021

ADVANCE LIFESTYLES LIMITED CIN-145309MH1988PLC268437

MINUTES OF THE PROCEEDINGS OF 32nd ANNUAL GENERAL MEETING OF THE MEMBERS OF ADVANCE LIFESTYLES LIMITED HELD AT 11.00 A.M. ON 30th NOVEMBER, 2021 AT 2nd FLOOR, WEST WING, ELECTRIC MANSION, APPASAHEB MARATHA MARG, 400025, CONFERENCING / OTHER AUDIO VISUAL MEANS. THROUGH VIDEO

Sitting on the Dias:

Shri Pradeep Agarwal-Chairman.

No. of Members present:

Promoters and Promoters' Group: Public. 3

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The Chairman of the Meeting / Company was operating from Regd. Office at Mumbai, so the said address is taken as the venue of the Meeting.

The Company Secretary, present from her location in Mumbai informed that Mr Pradeep Agarwal has been appointed by the Board on 17.11.2020 as Regular Chairman of the Company, therefore she requested to initiate the Meeting.

The Chairman Shri Pradeep Agarwal informed that in accordance with the Circulars issued by Securities and Exchange Board of India (SEBI) and Ministry of Corporate Affairs, Govt of India (MCA), the meeting was being held though Video Conferencing and Other Audio Visual Means (VC/OVAM).

The Chairman then welcomed the Members and asked the Directors/ Co. Secy, Auditor to introduce and record their presence.

Accordingly, Shri Sundeep Agarwal, MD, MS. Reet Keswani, Ind. Director, MS. Usha Muliya, Ind. Director, Ms Shobha Jadhav, Company Secretary of Company, introduced themselves, and recorded their presence. Mr Niraj Agarwal of M/s Niraj Agarwal & Co., Statutory Auditors of the Company was perhaps present and in spite of repeated requests by the Company Secretary and

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Chairman, he could not introduce himself and recorded his presence due to technical reasons. Mr Dushyant Dholakia, Practicing Company Secretary and MR Ramesh Nair CFO were also present online.

Members were informed that participation of members through VC/OVAM was being reckoned for the purpose of quorum as per the Circulars issued by MCA and under the provisions of Section 103 of the Companies Act, 2013.

The Chairman confirmed the presence of the requisite quorum and the quorum being present, commenced the proceedings of the Meeting,

He thereafter requested Ms. Shobha Jadhav, Company Secretary to provide general instructions to the Members present regarding participation.

The Company Secretary, informed that a facility is made for ONLINE E-Voting during the AGM and 30 minutes thereafter. Accordingly there will not be any Poll or Vote by Show of hands. She further informed that those members who have already exercised their right of voting through e-voting by CDSL, need not vote again.

She also declared that Register of Directors' Shareholding was available for inspection of Members. The Chairman declared that the Notice of the meeting which was circulated to the Members, through e-mail be taken as read and asked Company Secretary to read concluding portion of Auditor's Report, which she did.

She informed that One Member has requested for Speaker Registration but she did not join the

The Chairman informed that there were three items of agenda as under:

1. Consideration, approval and adoption Audited Financial Statements together with Reports of the Board of Directors and Auditors.

2. Re-appointment of Shri Sundeep Agarwal as Director, who retired by rotation;

Chairman's Initial

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1. Re-Appointment of Ms Reet K Keswani, as Independent Director for a further period of 5 Years;

The Chairman then briefed the members about the working of the Company.

He informed that Mr Dushyant B Dholakia, Practicing Company Secretary had been appointed as Scrutiniser to supervise E-Voting process.

He will declare results within 48 hours and the same will be placed at the website of the Company as well as uploaded on the website of BSE.

He then thanked the Members and Directors and Auditor present at the Meeting.

Conduct of Poll:

On the basis of the Scrutinizer's Combined Report dated 30th November, 2021, summary of which is given as an Annexure, the Company Secretary, duly authorized by the Chairman for the purpose, has announced the results $\circ$ of voting on $30^th$ November, 2021 that all the resolutions for Ordinary / Special Business as set out in items no. 1 to 3 in the Notice of 32nd AGM of the Company have been passed with reauisite majority.

The Resolutions for the business as set out in items no.1 to 3 in the Notice of 32nd AGM of the Company duly approved by the Members already recorded hereinabove forms part of the proceedings of 32nd AGM of the members held on 30th November, 2021.

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Place: Mumbai Date: 06.12.2021

SP ACKAMINA FPRADEEP AGARWAL) CHAIRMAN

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PEGGINA 199

ADVANCE LIFESTYLES LIMITED

COMBINED E-VOTING RESULTS (E-VOTING (DURING 27.09.2021 TO 29.09.2021 & E-VOTING DURING AGM AND 15 MINUTES THEREAFTER) - 32nd AGM OF MEMBERS

Item No.1: Adoption of the Audited Balance Sheet as at 31st March, 2021 and Statement of Profit and Loss for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.

Mode of Voting	Total Valid Votes	Votes In favour $\frac{p}{d}$ of Resolution			Votes against the Resolution			lnv alid vot es
		No of ballot i.e e-votind entry	Nos	$%$ to total valid votes	No of ballot i.e. e- voting entry	Nos	$%$ to total valid Votes	NOS
Remote E- voting	12	12	23,58,290	100	0	$\Omega$	$\mathbf{0}$	$\Omega$
E-Voting during AGM	$\mathbf{0}$	$\mathbf{0}$	$\bf{0}$	$\theta$	$\Omega$	$\theta$	$\mathbf{0}$	$\Omega$
Total	12	12	23,58,290	100	0	$\theta$	$\Omega$	$\Omega$

Item No.2: Re-appointment of Shri Sundeep Agarwal (holding DIN 03168111), who retired by rotation and being eligible offered for re-appointment. (Ordinary Resolution)

Mode of Voting	Total Valid Votes	Votes In favour of Resolution			Votes against Resolution		Inv alid vot es
		No of ballot i.el e-votind entry	Nos	$%$ to total valid votes	No of ballot $I. e. e-$ voting entry	Nos	$%$ to total valid Votes	Nos
Remote E- voting.	12	12	23,58,290	100	0	$\mathbf 0$	$\bf{0}$	$\bf{0}$
E-Voting during AGM	$\theta$	$\cdot$ 0	$\bf{0}$	$\bf{0}$	$\mathbf 0$	$\bf{0}$	$\bf{0}$	$\bf{0}$
Total	12	12	23,58,290	100	0	$\bf{0}$	$\Omega$	$\Omega$

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Item No.3: Re-Appointment of Ms. Reet K Keswani, Independent Director for FIVE Years.

Mode of Voting	Total Valid Votes	Votes In favour of Resolution			against Resolution	$\ln v$ blid Not es
		No of ballot i.el e-voting entry	Nos	$%$ to total valid votes	No of ballot i.e. e- voting entry	Nos	$%$ to $ $ lotal valid Votes 1	Nos
Remote E- voting	12	12	23,58,290	100	$\Omega$	$\Omega$	$\mathbf{0}$	$\Omega$
E-Voting during AGM	$\mathbf{0}$	$\theta$	$-0$	$\theta$	$\Omega$	$\mathbf{0}$	$\bf{0}$	$\bf{0}$
Total	12	12	23,58,290	100	$\Omega$	$\bf{0}$	$\Omega$	$\Omega$

STATISTICS:

The Votes cast in favour amounts to 75.76 % of total Equity. The Votes cast against the resolutions amounts to NIL % of total Equity.

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Place: Mumbai Date: 06.12.2021

PRAPONNING ... (PRADEEP AGARWAL) CHAIRMAN