Announced Fri, 3 Apr · 16:08 IST
Corrigendum to Postal Ballot Notice for Small Preferential Share Issue
Compliance View source PDF
MITTAL · price
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Price reaction · full curve 14 horizons · vs prior close
+4.5%1-day move
₹0.88
prior close
₹0.88
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+0.0+0.0+1.1+4.5+8.0+12.5+13.6+8.0+11.4+9.1+6.8+11.4+9.1
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AI summary
Mittal Life Style Limited issued a corrigendum to its March 23, 2026 Postal Ballot Notice after NSE observations dated April 1, 2026. It clarifies the preferential issue of 99,225 equity shares at Rs. 1.20 per share solely to round off paid-up capital to Rs. 44.40 crore (divisible by Rs. 10 per share). Total issue proceeds of Rs. 1,19,070 will be used for working capital. Issue price exceeds the SEBI ICDR floor price of Rs. 1.087.
Likely market impact
Very minor dilution via 99,225 new shares; essentially a capital structure rounding-off exercise with negligible fundraising impact.