Date: August 21, 2026
Corporate Action Update
Mittal Life Style Limited provides an update on its proposed equity share consolidation that was approved by shareholders at the 21st Annual General Meeting held on July 28, 2026. The consolidation plan involved converting 10 (Ten) Equity Shares of Re.1/- each into 1 (One) Equity Share of Rs.10/- each.
Regulatory Development
The National Stock Exchange of India Limited, vide its observation dated August 20, 2026, has determined that the proposed consolidation results in a change in the voting percentage of shareholders and requires the Company to obtain approval from the Hon'ble National Company Law Tribunal under Section 61(1)(b) of the Companies Act, 2013.
Implementation Status
The Company shall not proceed with the implementation of the proposed consolidation at present and will undertake the 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 related rules.
Record Date Withdrawal
The previously announced Record Date of Tuesday, August 25, 2026, for giving effect to the proposed consolidation has been withdrawn and shall not be acted upon.
Not Specified Sections
No material disclosures under the following sections: Financial Results, Dividend Declaration, KMP/Board Changes, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational/Legal/Strategic Disclosures.