Mittal Life Style Limited Board Approves Equity Share Consolidation at 10:1 Ratio
Mittal Life Style Limited has approved a significant restructuring of its share capital, following the decision by the Board of Directors at a meeting held on Thursday, June 25, 2026. The company has opted for the consolidation of equity shares and subsequent alteration of its Memorandum of Association.The Board approved the proposal to consolidate Equity Shares in a 10:1 ratio. Under this structure, ten Equity Shares with a face value of Re. 1/- (Rupee one only) each will be consolidated into one Equity share with a face value of Rs. 10/- (Rupees Ten Only).
This consolidation affects the authorized and issued capital structure of Mittal Life Style Limited. The Board’s rationale for this move is to reorganize the company's share capital structure, aligning the market price of its Equity Shares more appropriately with its intrinsic value and financial fundamentals. Management believes that the proposed change will enhance investor perception by providing a capital structure that accurately reflects the company's financial position and long-term growth potential. Furthermore, the consolidation is expected to reduce the overhead costs associated with servicing fragmented shareholders.
Share Capital Transition Details
The approved transaction involves the following changes in the share capital of Mittal Life Style Limited:| Particulars | Pre-consolidation Status | Post-consolidation Status |
|---|---|---|
| Authorized Share Capital (Shares) | 70,00,00,000 | 7,00,00,000 |
| Authorized Share Capital (Face Value) | Re. 1/- per share | Rs. 10/- per share |
| Issued, Subscribed and Paid-up Capital (Shares) | 44,40,00,000 | 4,40,00,000 |
| Issued, Subscribed and Paid-up Capital (Face Value) | Re. 1/- per share | Rs. 10/- per share |
The pre-consolidation paid-up capital stood at 44,40,00,000 Equity Shares of the nominal value of Re. 1/-, equivalent to a total of Rs. 44,40,00,000. Post-consolidation, this amount will be represented by 4,40,00,000 Equity Shares of Rs. 10/- each, totaling Rs. 44,40,00,000.
The company noted that the consolidation involves only one class of shares, namely Equity Shares without Differential Rights. The details regarding shareholders who did not receive any shares during this consolidation will be ascertained once the Board fixes the Record Date for the proposed transaction.
Mittal Life Style Limited indicated that the expected time of completion for the consolidation is within six months from the date of approval by the Shareholders, subject to timely receipt of regulatory approvals.
MITTAL Stock Price Movement
Mittal Life Style Limited shares edged higher on Thursday, rallying 1.02% to settle at ₹0.99. The stock traded in the session with a volume of 226,192 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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