Advance Lifestyles Ltd. - Proxy Solicitation & Information Statement 2025

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Date: March 25, 2025

To, The Manager BSE Limited, P J Towers, Dalal Street, Fort, Mumbai – 400 001

REF: COMPANY CODE NO. 521048

ISIN: INE900E01015

Dear Sir/Madam,

Subject: Postal Ballot Notice.

Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Postal Ballot Notice dated March 25, 2025.

The aforesaid Notice is sent to all the Members whose names appear in the Register of Members as on the cutoff date being Friday, March 21, 2025 on their registered e-mail address.

The Company has availed e-voting facility for Postal Ballot from Bigshare Services Pvt Ltd in order to enable the members to cast their vote electronically.

The e-voting period will commence on Wednesday, 26 March, 2025 (9:00 a.m. IST) and ends on Thursday, 24 April, 2025 (5:00 p.m. IST).

The said Postal Ballot Notice will also be made available on the website of the Company i.e. www.advance.net.in

Please take the same on record.

Thanking you,

Yours faithfully,

For Advance Lifestyles Limited,

JYOTI LAXMAN Digitally signed by JYOTI LAXMAN BAMBADE BAMBADE Date: 2025.03.25 18:46:42 +05'30'

____ Jyoti Laxman Bambade Director DIN - 07895116

Date: March 25, 2025 Place: Mumbai

ADVANCE LIFESTYLES LIMITED CIN: L45309MH1988PLC268437 Regd.Office:2[nd] Floor, West Wing Electric Mansion, Appasaheb Marathe Marg, Worli, Mumbai-400 025 Maharashtra-Ph:022-4231 9900 Website: www.advance.net.in

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POSTAL BALLOT NOTICE

Dear Members,

Notice is hereby given pursuant to the provisions of Section 108 and 110 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”),as amended from time to time, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) including any statutory modification(s) or re-enactment thereof for the time being in force pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with and subject to other applicable Laws and Regulations, including MCA and SEBI Circulars with respect to electronic Postal Ballot the resolution as set out in this Postal Ballot Notice are proposed to be passed by the members of the Company ADVANCE LIFESTYLES LIMITED (‘Members’) through Postal Ballot by remote e-Voting system (’remote e-Voting’/’e voting’) only.

In accordance with the MCA Circulars, the Notice of Postal Ballot is being sent in electronic form in the first instance to all those members whose email id is registered with the Company or the Depository Participants (DP’s). These members shall communicate their assent / dissent for the proposed resolutions only through the remote e-voting system. These members may exercise their voting rights through the remote e-voting system not later than 5:00 p.m. (IST) on Thursday, April 24, 2025 .

The relevant Explanatory Statement pursuant to Section 102 (1) of the Act, setting out the material facts concerning the resolution proposed to be passed is annexed hereto.

The Company has appointed M/s MSDS & Associates, Firm of Company Secretaries, through its Partner, Ms. Meghna Mehul Shah, Practicing Company Secretary (Membership No. FCS-9425 and CP No. 9007) or in her absence Ms. Dipali Shah, Practicing Company Secretary (Membership No.ACS-25422 and CP No. 23194) as the Scrutinizer. Accordingly, they would act as the Scrutinizer to conduct and scrutinize the Postal Ballot e-Voting process in a fair and transparent manner.

Members desiring to exercise their vote(s) by remote e-Voting are requested to carefully read the instructions provided in the Notes forming part of the Postal Ballot Notice, under the section Procedure and instructions relating to remote e-Voting’ and record their assent (FOR) or dissent (AGAINST) through remote e-Voting not later than 5:00 P.M. (IST) on Thursday, April 24, 2025 ., failing which it will be considered that no reply has been received from the Member.

The Company has engaged the services of Bigshare Services Pvt Ltd (“Bigshare”) for the purpose of providing e-voting facility to all its Members

The Scrutinizer will submit her/his report to the Chairman of the Company or any person authorized by him, after completion of scrutiny of total votes cast for Postal Ballot. The results of the resolution proposed to be passed by Postal Ballot would be declared on or before Monday, 28th April, 2025 . The result declared along with the Scrutinizer’s Report will be sent to BSE Limited. The same will be available on the website of the Company at www.advance.net.in and on the website of e-voting agency i.e. Bigshare Services Pvt Ltd at

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https://ivote.bigshareonline.com. and will also be displayed at the Registered Office as well as Corporate Office of the Company.

The resolution, if passed by requisite majority, will be taken as passed effectively on the last date specified by the Company for e-voting, i.e. Thursday, April 24, 2025 . The members are requested to consider and, if thought, pass the following resolutions:

SPECIAL BUSINESS:

Resolution No. 1:

TO REGULARIZE THE APPOINTMENT OF MR. KASHYAP VIPIN GANDHI (DIN: 02604428) AS A MANAGING DIRECTOR OF THE COMPANY:

To consider and if thought fit, to pass the following resolution as a Special Resolution :

“RESOLVED THAT pursuant to the provisions of Sections 152, 161, 196, 197 & 203 reads with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”), the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modifications or reenactment(s) thereof for the time being in force and under the applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations (including any statutory modifications or reenactment(s) thereof and based on the recommendation of Nomination and Remuneration Committee and the Board of Directors, Mr. Kashyap Vipin Gandhi (DIN: 02604428) who was appointed by the Board of Directors as an Managing Director (Additional Director) of the Company with effect from January 27, 2025 in terms of Section 161 of the Act , be and hereby appointed as a Managing Director of the Company, to hold office for a term of five (5) consecutive years commencing from January 27, 2025 to January 26, 2030 (both days inclusive), on such remuneration and terms & conditions as may be mutually decided.

RESOLVED FURTHER THAT any Directors of the Company either jointly or severally be and is hereby authorized to do all such acts, deeds, things as may be required to give effect to the above resolution.”

Resolution No. 2:

TO REGULARIZE THE APPOINTMENT OF MR. ADITYA SONI (DIN: 08998880) AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY:

To consider and if thought fit, to pass the following resolution as a Special Resolution :

“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152, 161 reads with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (“ the Act ”), the Companies (Appointment and Qualifications of Directors) Rules, 2014 (including any statutory modifications or reenactment(s) thereof for the time being in force and Regulations 16 (1) (b), 17, 25 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) (including any statutory modifications or reenactment(s) thereof and such other consents and permission as may be necessary and based on the recommendation of Nomination and Remuneration

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Committee and the Board of Directors, Mr. Aditya Soni (DIN:08998880) who was appointed by the Board of Directors as an Independent Non- Executive Director (Additional Director) of the Company with effect from February 11, 2025 in terms of Section 161 of the Act and who has submitted a declaration that he meets the criteria of independence prescribed under Section 149(6) of the Act and Regulation 16(1)(b) of Listing Regulations, and being eligible for appointment under the provisions of the Act and the Rules framed thereunder and the Listing Regulations , be and hereby appointed as a Non-Executive Independent Director of the Company, who is not liable to retire by rotation, to hold office for a term of five (5) consecutive years commencing from February 11, 2025 to February 10, 2030 (both days inclusive), as detailed in the Explanatory Statement..

For and on behalf of the Board of

Advance Lifestyles Limited,

JYOTI Digitally signed by JYOTI LAXMAN LAXMAN BAMBADE Date: 2025.03.25 BAMBADE 18:48:29 +05'30'

_____ Jyoti Laxman Bambade (Director) DIN: 07895116

Place: Mumbai Date: 25[th] March, 2025

NOTES :

a. In compliance with the MCA Circular, the Notice is being sent in electronic form in the first instance to all those members whose email id is registered with the Company or the Depository Participants (DP’s). These members shall communicate their assent / dissent for the proposed resolutions only through the remote e-voting system. Accordingly, the communication of the assent or dissent of the Members would take place by electronic means through the remote e-voting process (“e-voting”).
b. Members of the Company holding shares as on cut-off date i.e. Friday, March 21, 2025 will receive the Notice of this Postal Ballot.
c. In line with the MCA Circulars, the Notice is hosted on the website of the Company at www.advance.net.in The Notice can also be accessed from the websites of the Stock Exchanges on which the equity shares of the Company are listed i.e. BSE Limited at www.bseindia.com and is also available on the website of e-voting agency i.e. Bigshare Services Pvt Ltd at https://ivote.bigshareonline.com

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d. The Explanatory Statement and the reasons for the proposed Resolutions pursuant to Sections 161, 196, 197 & 203 reads with Schedule V and other applicable provisions, if any, of the Companies Act, 2013, setting out material facts are appended to this Notice.
e. Resolutions passed by the Members through Postal Ballot are deemed to have been passed as if the same has been passed at a general meeting of the Members.
f. The Resolutions, if approved, shall be deemed to have been passed on the last date of voting i.e. Thursday, April 24, 2025 .
g. The Company’s Registrar & Transfer Agent for its share registry (both, physical as well as electronic) is Bigshare Services Pvt Ltd (“Bigshare /Registrar/ RTA”) having its office at A-802 Samudra Complex Off C G Road, Ahmedabad Gujarat 380009, India
h. The Securities and Exchange Board of India (“SEBI”) has mandated the submission of Permanent Account Number (PAN) by every participant in the securities market. Members holding shares in electronic mode are, therefore, requested to submit their PAN to their DPs with whom they are maintaining their demat accounts.
i. The e-voting period commences on Wednesday, March 26, 2025 (9:00 a.m. IST) and ends on Thursday, April 24, 2025 (5:00 p.m. IST). During this period, members of the Company, holding shares in dematerialised form as on cut-off date Friday, March 21, 2025 may cast their vote electronically in the manner and process as set out herein below.
j. Members of the Company whose email id is available with the Company or the DP shall exercise their votes only through the e-voting module. The e-voting module shall be disabled by Bigshare for voting after Thursday, April 24, 2025 (5.00 p.m. IST). Once the vote on Resolutions is cast by the Member, the Member shall not be allowed to change it subsequently.
k. The voting rights of Members shall be in proportion to their share in the paid-up equity share capital of the Company as on cut-off date i.e. Friday, March 21, 2025 .
l. Members holding shares in dematerialised mode are requested to intimate all changes pertaining to their bank details, ECS mandates, email addresses, nominations, power of attorney, change of address/ name etc. to their Depository Participants (“DPs”) and Bighshare.
m. Any such changes effected by the DPs will automatically reflect in the Company’s records.
n. Members holding shares in electronic mode may contact their respective DPs for availing the nomination facility.
o. Members holding shares under multiple folios / demat accounts are requested to vote separately for each of their folios / demat accounts.

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p. Corporate / Institutional Members (i.e. other than Individuals, HUF, NRI, etc.) are required to send scanned certified true copy (PDF Format) of the Board Resolution / Power of Attorney / Authority Letter, etc., to the Scrutinizer by email to [email protected] with a copy marked to [email protected].
q. Non-Resident Indian Members are requested to inform their respective DPs, immediately of: Change in their email address, residential status on return to India for permanent settlement, Particulars of their bank account maintained in India with complete name, branch, account type, account number and address of the bank with pin code number, if not furnished earlier.
r. E-voting is mandatory for the Members and is the only means to cast a vote on the stated items of business. Members may in accordance with the provisions of Sections 112 and 113 of the Act, appoint representatives for the purpose of voting through remote e-voting
s. The instructions to the Members for exercising their vote along with the process and the manner for remote e-voting are as under [for Members whose email ID are registered with the Company/ Depository Participant(s) ]:

E-VOTING INTRUCTIONS FOR POSTAL BALLOT ARE AS UNDER:

i. The voting period begins on Wednesday, March 26, 2025 (9:00 a.m. IST) and ends on Thursday, April 24, 2025 (5:00 p.m. IST). During this period shareholders of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date i.e. Friday, March 21, 2025 may cast their vote electronically. The e-voting module shall be disabled by Bigshare for voting thereafter.
ii. Pursuant to SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated 09.12.2020, under Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities are required to provide remote e-voting facility to its shareholders, in respect of all shareholders’ resolutions. However, it has been observed that the participation by the public non-institutional shareholders/retail shareholders is at a negligible level.

Currently, there are multiple e-voting service providers (ESPs) providing e-voting facility to listed entities in India. This necessitates registration on various ESPs and maintenance of multiple user IDs and passwords by the shareholders.

In order to increase the efficiency of the voting process, pursuant to a public consultation, it has been decided to enable e-voting to all the demat account holders , by way of a single login credential, through their demat accounts/ websites of Depositories/ Depository Participants . Demat account holders would be able to cast their vote without having to register again with the ESPs, thereby, not only facilitating seamless authentication but also enhancing ease and convenience of participating in e- voting process.

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iii. In terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to -
update their mobile number and email Id in their demat accounts in order to access e Voting facility.
Pursuant to above said SEBI Circular , Login method for e-Voting for Individual shareholders holding securities in Demat mode is given below:

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Type of Login Method
shareholders
1) Users who have opted for CDSL Easi / Easiest facility, can
login through their existing user id and password. Option will
Individual
be made available to reach e-Voting page without any
Shareholders
further authentication. The URL for users to login to Easi /
holding
Easiest are https://web.cdslindia.com/myeasi/home/login or
securities in
visit www.cdslindia.com and click on Login icon and select
Demat mode
with CDSL New System Myeasi.
2) After successful login the Easi / Easiest user will be able to
see the e-Voting option for eligible companies where the
evoting is in progress as per the information provided by
company. On clicking the evoting option, the user will be
able to see e-Voting page of BIGSHARE the e-Voting
service provider and you will be re-directed to i-Vote
website for casting your vote during the remote e-Voting
period. Additionally, there is also links provided to access
the system of all e-Voting Service Providers i.e.
BIGSHARE , so that the user can visit the e-Voting service
providers’ website directly.
3) If the user is not registered for Easi/Easiest, option to
register is available at
https://web.cdslindia.com/myeasi/Registration/EasiRegistr
ation
4) Alternatively, the user can directly access e-Voting page by
providing Demat Account Number and PAN No. from a link
www.cdslindia.com home page. The system will
authenticate the user by sending OTP on registered Mobile
& Email as recorded in the Demat Account. After successful
authentication, user will be able to see the e-Voting option
where the evoting is in progress, and also able to directly
access the system of all e-Voting Service Providers. Click
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on BIGSHARE and you will be re-directed to i-Vote website for casting your vote during the remote e-voting period.

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1) If you are already registered for NSDL IDeAS facility, please
visit the e-Services website of NSDL. Open web browser by
Individual
typing the following URL: https://eservices.nsdl.com either
Shareholders
on a Personal Computer or on a mobile. Once the home
holding
page of e-Services is launched, click on the “Beneficial
securities in
Owner” icon under “Login” which is available under ‘IDeAS’
demat mode
with NSDL section. A new screen will open. You will have to enter your
User ID and Password. After successful authentication, you
will be able to see e-Voting services. Click on “Access to e-
Voting” under e-Voting services and you will be able to see
e-Voting page. Click on company name or e-Voting service
provider name BIGSHARE and you will be re-directed to i-
Vote website for casting your vote during the remote e-
Voting period.
2) If the user is not registered for IDeAS e-Services, option to
register is available at https://eservices.nsdl.com. Select
“Register Online for IDeAS “Portal or click at
https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp
3) Visit the e-Voting website of NSDL. Open web browser by
typing the following URL: https://www.evoting.nsdl.com/
either on a Personal Computer or on a mobile. Once the
home page of e-Voting system is launched, click on the icon
“Login” which is available under ‘Shareholder/Member’
section. A new screen will open. You will have to enter your
User ID (i.e. your sixteen digit demat account number hold
with NSDL), Password/OTP and a Verification Code as
shown on the screen. After successful authentication, you
will be redirected to NSDL Depository site wherein you can
see e-Voting page. Click on company name or e-Voting
service provider name BIGSHARE and you will be
redirected to i-Vote website for casting your vote during the
remote e-Voting period.
Individual
Shareholders You can also login using the login credentials of your demat
(holding account through your Depository Participant registered with
securities in NSDL/CDSL for e-Voting facility. After Successful login, you
demat mode) will be able to see e-Voting option. Once you click on e-
login through Voting option, you will be redirected to NSDL/CDSL
their Depository Depository site after successful authentication, wherein you
Participants can see e-Voting feature. Click on company name or e-
Voting service provider name and you will be redirected to
e-Voting service provider website for casting your vote
during the remote e-Voting period.
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Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. CDSL and NSD

Login type		Helpdesk details
Individual Shareholders holding securities in Demat mode withCDSL		Members facing any technical issue in login can contact CDSL helpdesk by sending a request at [email protected] contact at 022- 23058738 and 22- 23058542-43.
Individual Shareholders holding securities in Demat mode withNSDL		Members facing any technical issue in login can contact NSDL helpdesk by sending a request at [email protected] or call at toll free no.: 1800 1020 990 and 1800 22 44 30

2. Login method for e-Voting for shareholder other than individual shareholders holding shares in Demat mode & physical mode is given below:

You are requested to launch the URL on internet browser: https://ivote.bigshareonline.com
Click on “ LOGIN ” button under the ‘ INVESTOR LOGIN ’ section to Login on E-Voting Platform.
Please enter you ‘ USER ID’ (User id description is given below) and ‘ PASSWORD’ which is shared separately on you register email id.
Shareholders holding shares in CDSL demat account should enter 16 Digit Beneficiary ID as user id.
Shareholders holding shares in NSDL demat account should enter 8 Character DP ID followed by 8 Digit Client ID as user id.
Shareholders holding shares in physical form should enter Event No + Folio Number registered with the Company as user id.

Note If you have not received any user id or password please email from your registered email id or contact i-vote helpdesk team. (Email id and contact number are mentioned in helpdesk section).

Click on I AM NOT A ROBOT (CAPTCHA) option and login.

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NOTE : If Shareholders are holding shares in demat form and have registered on to e-Voting system of https://ivote.bigshareonline.com and/or voted on an earlier event of any company then they can use their existing user id and password to login.

If you have forgotten the password: Click on ‘ LOGIN ’ under ‘ INVESTOR LOGIN ’ tab and then Click on ‘ Forgot your password ?
Enter “ User ID” and “ Registered email ID ” Click on I AM NOT A ROBOT (CAPTCHA) option and click on ‘ Reset ’.
(In case a shareholder is having valid email address, Password will be sent to his / her registered e-mail address).

Voting method for shareholders on i-Vote E-voting portal:

After successful login, Bigshare E-voting system page will appear.
Click on “ VIEW EVENT DETAILS (CURRENT) ” under ‘ EVENTS ’ option on investor portal.
Select event for which you are desire to vote under the dropdown option.
Click on “VOTE NOW” option which is appearing on the right hand side top corner of the page.
Cast your vote by selecting an appropriate option “ IN FAVOUR ”, “ NOT IN FAVOUR ” or “ ABSTAIN ” and click on “ SUBMIT VOTE ”. A confirmation box will be displayed. Click “ OK ” to confirm, else “ CANCEL ” to modify. Once you confirm, you will not be allowed to modify your vote.
Once you confirm the vote you will receive confirmation message on display screen and also you will receive an email on your registered email id. During the voting period, members can login any number of times till they have voted on the resolution(s). Once vote on a resolution is casted, it cannot be changed subsequently.
Shareholder can “ CHANGE PASSWORD ” or “ VIEW/UPDATE PROFILE ” under “ PROFILE ” option on investor portal.

3. Custodian registration process for i-Vote E-Voting Website:

You are requested to launch the URL on internet browser: https://ivote.bigshareonline.com
Click on “ REGISTER ” under “ CUSTODIAN LOGIN ”, to register yourself on Bigshare i-Vote e-Voting Platform.
Enter all required details and submit.
After Successful registration, message will be displayed with “User id and password will be sent via email on your registered email id” . NOTE : If Custodian have registered on to e-Voting system of https://ivote.bigshareonline.com and/or voted on an earlier event of any company then they can use their existing user id and password to login.
If you have forgotten the password: Click on ‘ LOGIN ’ under ‘ CUSTODIAN LOGIN ’ tab and further Click on ‘ Forgot your password ?
Enter “ User ID” and “ Registered email ID ” Click on I AM NOT A ROBOT (CAPTCHA) option and click on ‘ RESET . (In case a custodian is having valid email address, Password will be sent to his / her registered e-mail address).

ADVANCE LIFESTYLES LIMITED

CIN: L45309MH1988PLC268437 Regd.Office:2[nd] Floor, West Wing Electric Mansion, Appasaheb Marathe Marg, Worli, Mumbai-400 025 Maharashtra-Ph:022-4231 9900 Website: www.advance.net.in e-mail id: [email protected]

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Voting method for Custodian on i-Vote E-voting portal:

After successful login, Bigshare E-voting system page will appear.

Investor Mapping:

First you need to map the investor with your user ID under “ DOCUMENTS ” option on custodian portal.
Click on “ DOCUMENT TYPE ” dropdown option and select document type power of attorney (POA).
Click on upload document “ CHOOSE FILE ” and upload power of attorney (POA) or board resolution for respective investor and click on “ UPLOAD ”. Note : The power of attorney (POA) or board resolution has to be named as the “ InvestorID.pdf ” (Mention Demat account number as Investor ID.)
Your investor is now mapped and you can check the file status on display.

Investor vote File Upload:

To cast your vote select “ VOTE FILE UPLOAD ” option from left hand side menu on custodian portal.
Select the Event under dropdown option.
Download sample voting file and enter relevant details as required and upload the same file under upload document option by clicking on “ UPLOAD ”. Confirmation message will be displayed on the screen and also you can check the file status on display (Once vote on a resolution is casted, it cannot be changed subsequently).
Custodian can “ CHANGE PASSWORD ” or “ VIEW/UPDATE PROFILE ” under “ PROFILE ” option on custodian portal.

- Helpdesk for queries regarding e voting:

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Login type Helpdesk details
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Login type Helpdesk details	Login type Helpdesk details	Login type Helpdesk details

Shareholder‘s other than individual shareholders holding shares in Demat mode & Physical mode.		In case shareholders/ investor have any queries regarding E-voting, you may refer the Frequently Asked Questions (‘FAQs’) and i-Vote e-Voting module available at https://ivote.bigshareonline.com,under download section or you can email us to [email protected] or call us at: 1800 22 54 22.

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EXPLANATORY STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013

Item No. 1:

On recommendation of the Nomination and Remuneration Committee, the Board of Directors at its Meeting held on January 27, 2025 had appointed Mr. Kashyap Vipin Gandhi (DIN: 02604428) as an Managing Director (Additional Director) of the Company, for a period of five (5) years commencing from January 27, 2025 to January 26, 2030 (both days inclusive), subject to approval of the Shareholders by way of an Special Resolution.

Pursuant to the provisions of Section 161 of the Act, Mr. Kashyap Vipin Gandhi (DIN: 02604428) will hold office upto the date of the ensuing General Meeting. In terms of Regulation 17(1) (c) of Listing Regulations, approval of members of the Company is required to be obtained for appointment of a director at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier.

Therefore, the approval of Members is being sought for the appointment of Mr. Kashyap Vipin Gandhi, through this Postal Ballot.

Mr. Kashyap Vipin Gandhi is not related to any other Director or Key Managerial Personnel of the Company or their relatives.

None of the Directors, Key Managerial Personnel and their relatives are in any way, concerned or interested, financially or otherwise, in the aforesaid Special Resolution.

The Board accordingly recommends the Special Resolution set out at Item No. 1 of the accompanying Notice for approval of the Members.

Item No. 2:

On recommendation of the Nomination and Remuneration Committee, the Board of Directors at its Meeting held on February 11, 2025 had appointed Mr. Aditya Soni (DIN: 08998880) as an Independent Non- Executive Director (Additional Director) of the Company not liable to retire by rotation, for a period of five (5) years commencing from February 11, 2025 to February 10, 2030 (both days inclusive), subject to approval of the Shareholders by way of a Special Resolution.

Pursuant to the provisions of Section 161 of the Act, Mr. Aditya Soni (DIN: 08998880) will hold office upto the date of the ensuing General Meeting. In terms of Regulation 17(1)(c) of Listing Regulations, approval of members of the Company is required to be obtained for appointment of a director at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier.

Therefore, the approval of Members is being sought for the appointment of Mr. Aditya Soni, through this Postal Ballot.

Mr. Aditya Soni is not related to any other Director or Key Managerial Personnel of the Company or their relatives.

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None of the Directors, Key Managerial Personnel and their relatives are in any way, concerned or interested, financially or otherwise, in the aforesaid Special Resolution.

The Board accordingly recommends the Special Resolution set out at Item No. 2 of the accompanying Notice for approval of the Members.

For and on the behalf of

Advance Lifestyles Limited,

Digitally signed by JYOTI JYOTI LAXMAN LAXMAN BAMBADE BAMBADE Date: 2025.03.25 18:49:26 +05'30'

_______ Jyoti Laxman Bambade (Director) DIN: 07895116

Place: Mumbai Date: 25th March, 2025

AI assistant

Advance Lifestyles Ltd. Proxy Solicitation & Information Statement 2025

62523_rns_2025-03-25_45304207-2832-4cb5-aa58-0a2ccaf0ff1b.pdf

REF: COMPANY CODE NO. 521048

ISIN: INE900E01015

Subject: Postal Ballot Notice.

For Advance Lifestyles Limited,

POSTAL BALLOT NOTICE

Dear Members,

SPECIAL BUSINESS:

Resolution No. 1:

TO REGULARIZE THE APPOINTMENT OF MR. KASHYAP VIPIN GANDHI (DIN: 02604428) AS A MANAGING DIRECTOR OF THE COMPANY:

Resolution No. 2:

TO REGULARIZE THE APPOINTMENT OF MR. ADITYA SONI (DIN: 08998880) AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY:

For and on behalf of the Board of

Advance Lifestyles Limited,

NOTES :

E-VOTING INTRUCTIONS FOR POSTAL BALLOT ARE AS UNDER:

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. CDSL and NSD

2. Login method for e-Voting for shareholder other than individual shareholders holding shares in Demat mode & physical mode is given below:

Voting method for shareholders on i-Vote E-voting portal:

3. Custodian registration process for i-Vote E-Voting Website:

Voting method for Custodian on i-Vote E-voting portal:

Investor Mapping:

Investor vote File Upload:

- Helpdesk for queries regarding e voting:

EXPLANATORY STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013

Item No. 1:

Item No. 2:

Advance Lifestyles Limited,

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Advance Lifestyles Ltd. — Proxy Solicitation & Information Statement 2025

62523_rns_2025-03-25_45304207-2832-4cb5-aa58-0a2ccaf0ff1b.pdf

REF: COMPANY CODE NO. 521048

ISIN: INE900E01015

Subject: Postal Ballot Notice.

For Advance Lifestyles Limited,

POSTAL BALLOT NOTICE

Dear Members,

SPECIAL BUSINESS:

Resolution No. 1:

TO REGULARIZE THE APPOINTMENT OF MR. KASHYAP VIPIN GANDHI (DIN: 02604428) AS A MANAGING DIRECTOR OF THE COMPANY:

Resolution No. 2:

TO REGULARIZE THE APPOINTMENT OF MR. ADITYA SONI (DIN: 08998880) AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY:

For and on behalf of the Board of

Advance Lifestyles Limited,

NOTES :

E-VOTING INTRUCTIONS FOR POSTAL BALLOT ARE AS UNDER:

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. CDSL and NSD

2. Login method for e-Voting for shareholder other than individual shareholders holding shares in Demat mode & physical mode is given below:

Voting method for shareholders on i-Vote E-voting portal:

3. Custodian registration process for i-Vote E-Voting Website:

Voting method for Custodian on i-Vote E-voting portal:

Investor Mapping:

Investor vote File Upload:

- Helpdesk for queries regarding e voting:

EXPLANATORY STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013

Item No. 1:

Item No. 2:

Advance Lifestyles Limited,

More from Advance Lifestyles Ltd.

Advance Lifestyles Ltd. Proxy Solicitation & Information Statement 2025