Mittal Life Style Limited has informed the Exchange regarding Notice of Postal Ballot
MITTAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mittal Life Style Limited has issued a postal ballot notice seeking shareholder approval (via remote e-voting from March 25, 2026 to April 23, 2026) for a small preferential issue of 99,225 equity shares of face value Re. 1 each at Rs. 1.20 per share (including a 20 paise premium). The total issue size is just Rs. 1,19,070, being allotted to a single non-promoter allottee, Ms. Priya Chidurala. The sole purpose of the issue is to round off the company's paid-up equity capital (currently Rs. 44.39 crore) to Rs. 44.40 crore, a figure divisible by Rs. 10 per share. The issue price of Rs. 1.20 is above the SEBI-determined floor price of Rs. 1.10 per share. No promoter, director or KMP is subscribing, there is no change in control, and the funds will be used for general corporate purposes.
This is a tiny capital-rounding exercise raising only about Rs. 1.19 lakh, with negligible dilution of just 0.02% in the public shareholding. It is unlikely to have any meaningful effect on the stock price or the interests of existing shareholders.