Has Lifestyle Ltd

Has Lifestyle Ltd: Trading window closed from 01 October 2026 for half-year ended 30 September 2026; shall remain closed till 48 hours of conclusion of the Board Meeting (date to be intimated separately).

AGM Details

• Meeting date and time: 24 September 2026, 12:00 PM to 12:35 PM.
• Mode: Physical meeting at registered office, Mumbai.
• Record date: 17 September 2026.
• Postal ballot closing: 24 September 2026.

Key Resolutions

• Resolution 1 (Ordinary): Receive, consider, and adopt audited financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of Mrs. Niru Kanodia on rotation.
• Resolution 3 (Ordinary): Appointment of Statutory Auditors — Gujar and Kulkarni.
• Resolution 4 (Special): Adoption of new Articles of Association.

Voting Results

• Resolution 1: Passed; 100% in favour.
• Resolution 2: Passed; 100% in favour.
• Resolution 3: Passed; 100% in favour.
• Resolution 4: Passed; 100% in favour.

Dividend

• No dividend proposed or declared.

Director Changes

• Niru Kanodia re-appointed as director on rotation.

Auditor Appointment

• Statutory auditors appointed: Gujar and Kulkarni.

AGM Details

• AGM held on 24 September 2026 at 12:00 PM at the registered office.
• Remote e-voting open 21 Sep 2026 9:00 AM to 23 Sep 2026 5:00 PM; ballot voting at AGM.
• Eligibility cut-off date for voting: 17 September 2026.

Resolutions and outcomes

• Resolution 1: Adoption of audited financial statements; approved with no votes against.
• Resolution 2: Re-appointment of Mrs. Niru Kanodia as director; approved with no votes against.
• Resolution 3: Appointment of M/s Gujar and Kulkarni as statutory auditors; approved with no votes against.
• Resolution 4: Adoption of new Articles of Association; approved with no votes against.

Director changes

• Director changes: Re-appointment of Mrs. Niru Kanodia as director.

Auditor appointments

• Statutory Auditor appointed: M/s Gujar and Kulkarni, Chartered Accountants.

AGM notice & KYC update for non-email shareholders

• The 19th AGM is scheduled for September 24, 2026, at 12:00 IST at the registered office.
• Letters dispatched to shareholders with unregistered emails to access AGM notice and Annual Report.
• Annual Report for FY 2025-26 available online; link path provided on Has Lifestyle site.
• KYC updation reminder for physical holders per SEBI circular; mandatory fields include PAN and address.
• Electronic payments to physical folios without updated PAN may be restricted from April 1, 2024.
• Weblink and QR code provided for access to complete Annual Report.
• Queries to be raised via company service desk portal and email.
• Dispatch date noted: August 27, 2026.

Financial highlights

• Total income ₹22.28 crore in FY2025-26.
• Revenue from operations ₹18.32 crore; other income ₹3.96 crore.
• PAT ₹3.83 crore; EPS ₹8.05.
• Profit before tax ₹4.63 crore.
• Dividend for the year: none.
• Outlets: 9; Employees: 116.
• No borrowings; debt–equity 0.16; current ratio 2.84.

Operations & product mix

• 9 outlets across Mumbai as of 31-Mar-2026.
• Categories include fresh/exotic juices, smoothies, nano shots, salads.
• South Indian offerings: Idli, Dosa, Uttapam.
• SOPs underpin hygiene, quality control, and service consistency.

Capital structure & liquidity

• Authorized share capital ₹5 crore; paid-up ₹4.75 crore.
• Total equity including reserves ₹16.70 crore.
• Non-current liabilities ₹2.67 crore; current liabilities ₹1.48 crore.
• Cash and cash equivalents ₹1.55 crore at year end.
• Operating cash flow ₹4.72 crore.

Governance & audit

• 19th AGM on 24-Sep-2026; ordinary business includes accounts adoption.
• Statutory auditors Gujar & Kulkarni appointed for five years.
• Secretarial audit: Unqualified opinion.
• Board: Hemang Bhatt, Niru Kanodia, Ravi Gupta, Sagar Shah.

Related party transactions

• Promoter group: Team India Managers Ltd holds 76.5%.
• Sonali Saraogi: Marketing Manager ₹27.6 L.
• Hridansh Saraogi: Business Dev. Analyst ₹14.2 L.
• Reimbursements to KMP: ₹7.79 L; Hemang Bhatt remuneration ₹36.90 L.
• Niru Kanodia/Sagar Shah remuneration: Nil; Priya Jha appointed Aug 2025.

Risk & outlook

• Risks: competition, raw material price volatility, regulatory changes.
• Outlook: expand outlets, diversify product portfolio, enhance customer experience.
• Management emphasizes cost control and operational discipline amid market shifts.

Human resources & CSR

• Workforce expanded from 85 to 116; training and performance management ongoing.
• Employee development: comprehensive training, mentorship, and continuous learning.
• CSR not applicable; disclosure not required.

AGM Details

• Nineteenth AGM on 24 September 2026 at 12:00 PM.
• Physical meeting at the registered office, Mumbai.
• Register of Members closed 18–24 September 2026.

Ordinary Resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026.
• Re-appointment of Ms Niru Kanodia as director liable to retire by rotation.
• Appointment of M/s Gujar and Kulkarni as Statutory Auditors for five years.

Special Resolution

• Adoption of new set of Articles of Association.
• Board authorized to take necessary steps to implement the resolution.

Dividend

• Dividend: No dividend proposal disclosed for this AGM.

Directors

• Re-appointment of Ms Niru Kanodia as director by rotation.
• Remuneration for re-appointment: Nil.

Auditors

• Statutory auditors Gujar and Kulkarni appointed for five years.
• Proposed fee ₹60,000 per annum plus taxes.
• Consent confirmed; Board authorized to revise remuneration during tenure.
• Term from conclusion of 19th AGM to conclusion of 24th AGM.

Book closure details

• Book closure from 18 September 2026 to 24 September 2026 (inclusive) for AGM.
• Record/cut-off date is 17 September 2026 for voting entitlement.
• AGM date is 24 September 2026.
• Security type affected: Equity shares.
• E-voting period not specified.
• Dividend details not mentioned.