Mittal Life Style Approves 10:1 Equity Share Consolidation

Date: July 28, 2026

Shareholders at the meeting held on Tuesday, July 28, 2026 approved the following transaction:

Consolidation of Equity Share Capital (authorized, issued, subscribed and paid-up share capital) of the Company along with the alteration of the Memorandum of Association of the Company

Consolidation Ratio: 10:1 (Ten Equity Shares of face value of Re. 1/- each consolidated into one Equity Share of face value of Rs. 10/- each)
Class of Shares: Equity Shares which would rank pari-passu with the existing Equity Shares of the Company
Expected Time of Completion: Within 6 months subject to receipt of regulatory approvals

The consolidation of Equity Shares is intended to:

Reorganize the Company's share capital structure
Align the market price of the Equity Shares more appropriately with the intrinsic value and fundamentals of the Company
Result in a more representative trading price of the Company's Equity Shares
Provide a better reflection of the Company's operational performance, net worth and future growth potential
Enhance investor perception of the Company's Equity Shares
Improve key per-share financial metrics and ratios
Reinforce the credibility and market positioning of the Company's Equity Shares
Support the Company's efforts to strengthen investor confidence
Reduce the overhead costs incurred on servicing the fragmented shareholders

Authorized Share Capital: Rs. 70,00,00,000 divided into 70,00,00,000 Equity Shares of Re. 1/- each
Issued, Subscribed and Paid-up Share Capital: 44,40,00,000 Equity Shares of Re. 1/- each totaling Rs. 44,40,00,000

Authorized Share Capital: Rs. 70,00,00,000 divided into 7,00,00,000 Equity Shares of Rs. 10/- each
Issued, Subscribed and Paid-up Share Capital: 4,40,00,000 Equity Shares of Rs. 10/- each totaling Rs. 44,40,00,000

Number of shareholders who did not get any shares in consolidation: To be ascertained after the Board of Directors fixes the Record Date
The Company shall disclose the number of affected shareholders in due course
The alteration affects Capital Clause (Clause V) of the Memorandum of Association of the Company