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

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Full Announcement

Mittal Life Style Limited has informed the Exchange regarding 'Update on proposed consolidation of Equity Shares'.

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MITTAL_21082026133955_R_30_update__on_Consolidation.pdf

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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