NSEUpdates21 Aug 2026 · 21 Aug 2026, 01:40 pm
Updates
Mittal Life Style Limited · MITTAL
✦ AI SummaryRegulatory
Mittal Life Style Limited has informed the Exchange that it will not proceed with the proposed consolidation of equity shares due to a change in voting percentage of shareholders, and will obtain the approval of the Hon'ble National Company Law Tribunal before implementing the consolidation.
Analysis Scores
Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Mittal Life Style Limited has informed the Exchange regarding 'Update on proposed consolidation of Equity Shares'.
Attachments (1)
📄pdf
Download →
MITTAL_21082026133955_R_30_update__on_Consolidation.pdf
View document text
MITTAL LIFE STYLE LIMITED
Unit No. 8/9, Ravi Kiran, New Link Road, Andheri-(West), Mumbai, MH 400053
Tel:- 022 26741787 / 26741792. Website:-www.mittallifestyle.in
Email:- info@mittallifestyle.in / cmd@mittallifestyle.in
CIN : L18101MH2005PLC155786
August 21, 2026
The Manager – Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Mumbai – 400051.
Symbol: MITTAL
Series: EQ
Subject: Update on the proposed consolidation of Equity Shares of the
Company.
Dear Sir/Madam,
This is in continuation of the disclosure made by the Company regarding the outcome of the
21st Annual General Meeting held on July 28, 2026, wherein the Members of the Company
approved the consolidation of 10 (Ten) Equity Shares of Re.1/- each into 1 (One) Equity Share
of Rs.10/- each.
At the time of obtaining the approval of the Members, the proposed consolidation was
considered to be capable of being implemented without obtaining the approval of the Hon'ble
National Company Law Tribunal under the proviso to Section 61(1)(b) of the Companies Act,
2013.
Subsequently, during the processing of the proposed corporate action, the National Stock
Exchange of India Limited, vide its observation dated August 20, 2026, has observed that the
proposed consolidation results in a change in the voting percentage of shareholders and has
required the Company to provide the approval of the Tribunal.
Accordingly, the Company shall not proceed with the implementation of the proposed
consolidation at present and shall undertake the proposed consolidation only after obtaining
the requisite approval of the Hon'ble National Company Law Tribunal, in accordance with the
applicable provisions of the Companies Act, 2013 and the rules made thereunder.
Consequently, the Record Date of Tuesday, August 25, 2026, earlier intimated by the Company
for giving effect to the proposed consolidation, has been withdrawn and shall not be acted upon.
This disclosure is being made pursuant to Regulation 30 of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For Mittal Life Style Limited
Ankitsingh Rajpoot
Company Secretary & Compliance Officer