Mittal Life Style Limited has submitted the Exchange a copy Srutinizer's report of Postal Ballot
MITTAL · price
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Mittal Life Style Limited has announced the results of its postal ballot, conducted via remote e-voting between August 28 and September 26, 2025. All four resolutions were approved by shareholders, including an increase in authorised share capital, which received 99.99% support with 15.17 crore votes in favor. The revision of remuneration for Managing Director Brijeshkumar Mittal was approved with 99.85% support, though 31.4% of public shareholders voted against it. Pratik Mittal was appointed as Executive Director with 99.98% approval, and his remuneration as Executive Director & CFO was also approved with 99.91% support. Promoters backed the share capital increase unanimously, while public shareholders showed some dissent on the remuneration items.
The authorised share capital increase gives the company flexibility to issue new shares, which could lead to future dilution for existing shareholders. The remuneration revisions and Pratik Mittal's appointment as Executive Director & CFO reinforce family-led management. With 95,688 total shareholders on record but very low public participation (under 1% of public non-institutional shares polled), the overwhelming approval reflects promoter dominance rather than broad shareholder engagement.