Mittal Life Style Limited has informed the Exchange regarding Outcome of Board Meeting held on August 16, 2025.
MITTAL · price
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Mittal Life Style Limited's Board of Directors met on August 16, 2025 and approved four key items. First, the company agreed to reclassify JK Infrasol Private Limited from the 'Promoter' category to the 'Public' category of shareholders. Second, the Board approved increasing the authorised share capital from Rs. 55 crore (55 crore equity shares of Re. 1 each) to Rs. 70 crore (70 crore equity shares of Re. 1 each), subject to shareholder approval. Third, Mr. Pratik Brijeshkumar Mittal (aged 36, son of CMD Mr. Brijeshkumar Mittal, currently the CFO) was appointed as Executive Director for five years effective August 17, 2025, subject to shareholder approval. Fourth, a Postal Ballot Notice was approved to seek shareholders' consent for the above items.
The capital increase and new share issuance capacity (15 crore additional shares) could lead to dilution if shares are issued in the future. The reclassification of JK Infrasol from Promoter to Public category reduces the promoter group shareholding in classification terms, which is a noteworthy corporate governance event. The appointment of the promoter's son as Executive Director signals continuity in family-led management.