Mittal Life Style promoters declare no encumbrances for FY 2025-26

Mittal Life Style Limited has received a declaration from its promoters confirming that no fresh encumbrances have been created on their holdings during the financial year 2025-26. The disclosure, dated April 04, 2026, was submitted by Promoter Brijeshkumar Mittal on behalf of all promoters, members of the promoter group, and persons acting in concert (PAC).

Regulatory Compliance

The declaration was filed in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrances on their shares to the stock exchanges and the company. The confirmatory letter addressed the Listing Department of the National Stock Exchange of India Limited and the Company Secretary of Mittal Life Style Limited.

Disclosure Details

The promoters stated that they have not made any encumbrances, directly or indirectly, other than those that were already disclosed previously. The letter further requested the company to place this specific disclosure before the ensuing Audit Committee Meeting of the company as required under Regulation 31(5) of the SEBI (SAST) Regulations, 2011.

Particulars	Details
Target Company	Mittal Life Style Limited
Subject	Declaration under Regulation 31(4) of SEBI (SAST) Regulations
Financial Year	2025-26
Encumbrance Status	No new encumbrances created
Declaration Date	April 04, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.98%	+4.04%	+8.42%	-19.53%	-30.87%	-90.83%

Mittal Life Style Limited's Board of Directors, in their meeting held on May 06, 2026, approved the allotment of 99,225 equity shares through a preferential issue on a private placement basis. The allotment was made to Ms. Priya Chidurala, an individual belonging to the public, non-promoter group, at a price of Rs. 1.80 per equity share, aggregating to Rs. 1,78,605. The board meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. on the same date. This disclosure has been made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in furtherance to the company's earlier communications dated March 24, 2026 and April 23, 2026.

Key Details of the Preferential Issue

The following table summarises the key parameters of the preferential allotment as disclosed by the company:

Parameter:	Details
Type of Securities:	Fully paid-up equity shares of face value Re. 1/- each
Type of Issuance:	Preferential issue on a private placement basis
Number of Shares Allotted:	99,225 equity shares
Issue Price:	Rs. 1.80 per equity share
Premium per Share:	Rs. 0.80 per equity share
Total Consideration:	Rs. 1,78,605
Investor Name:	Ms. Priya Chidurala
Investor Category:	Public, Non-promoter
Number of Investors:	01 (one)
NSE In-Principle Approval Date:	April 27, 2026

Shareholding Before and After Allotment

Prior to the preferential issue, Ms. Priya Chidurala held no equity shares in the company. Post allotment, her shareholding stands as follows:

Name of Allottee:	Pre-Preferential Issue (No. of Equity Shares)	Pre-Preferential Issue (%)	Post-Preferential Issue (No. of Equity Shares)	Post-Preferential Issue (%)
Ms. Priya Chidurala	-	-	99,225	0.02

The percentage has been calculated on the basis of the post-issue equity share capital of the company.

Impact on Paid-Up Share Capital

Consequent to the allotment, the paid-up equity share capital of Mittal Life Style Limited has been revised. The table below captures the change in the company's share capital structure:

Parameter:	Pre-Allotment	Post-Allotment
Paid-Up Share Capital (Rs.):	Rs. 44,39,00,775	Rs. 44,40,00,000
Number of Fully Paid-Up Equity Shares:	44,39,00,775 shares of Re. 1/- each	44,40,00,000 shares of Re. 1/- each

The newly allotted equity shares shall rank pari-passu in all respects with the existing equity shares of the company. The National Stock Exchange of India Limited had granted in-principle approval for the issuance of these shares vide their letter dated April 27, 2026. The preferential issue has been carried out in accordance with the provisions of the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.