Mittal Life Style Limited has informed the Exchange that members through postal ballot with more than requisite majority on September 26, 2025 (the last date of e-voting)have approved the increase of authorised share capital of the Company and consequential amendment to the capital clause of the Memorandum of Association and appointment of Mr. Pratik Brijeshkumar Mittal as the Executive Director.
MITTAL · price
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Mittal Life Style Limited has secured shareholder approval through a postal ballot (e-voting ended September 26, 2025) for two key items. First, the authorised share capital is being raised from Rs. 55 crore to Rs. 70 crore, divided into 70 crore equity shares of Re. 1 each, with a corresponding amendment to the Memorandum of Association. Second, Mr. Pratik Brijeshkumar Mittal (DIN 05188126), aged 36, has been appointed as Executive Director for five years effective August 17, 2025. He is currently the Promoter and CFO of the company, holds a post-graduation from NMIMS in Family Business Management, and has over 11 years of experience. His father Mr. Brijeshkumar Mittal is the Chairman & Managing Director and his mother Mrs. Sudha Mittal is a Non-Executive Director.
The hike in authorised capital (a 27% increase) typically precedes a stock split, rights issue, or fresh fundraising, so shareholders should watch for a follow-up equity action soon. The appointment further strengthens promoter family control on the board, which may reassure on continuity but reduces independent oversight on a small-cap company.