Mittal Life Style has approved the consolidation of its equity shares in a 10:1 ratio to reorganize its capital structure and align the market price with the company's intrinsic value. The Board of Directors approved the proposal on June 25, 2026, which will see 10 equity shares of face value Re 1 each consolidated into 1 equity share of face value Rs 10 each. This restructuring is intended to provide a more representative trading price and improve key per-share financial metrics, thereby enhancing investor perception.

The consolidation will impact the company's authorized and issued share capital without changing the total monetary value. The authorized share capital will reduce from 70,00,00,000 equity shares of Re 1 each to 7,00,00,000 equity shares of Rs 10 each. Similarly, the issued, subscribed, and paid-up share capital will decrease from 44,40,00,000 shares to 4,40,00,000 shares, maintaining the total capital at ₹44,40,00,000.

Share Capital Structure

The following table details the pre- and post-consolidation share capital structure:

Implementation and Rationale

The Board believes the consolidation will result in a trading price that better reflects the company's operational performance, net worth, and future growth potential. It is also expected to reduce overhead costs associated with servicing fragmented shareholders. The new shares will rank pari-passu with the existing equity shares.

The process requires approval from shareholders and other regulatory authorities. The company expects to complete the consolidation within six months from the date of shareholder approval, subject to timely receipt of necessary clearances. The record date for the consolidation will be fixed by the Board at a later stage.

Mittal Life Style reported a consolidated net profit of ₹229.08 crore for the financial year ended March 31, 2026, marking a 2.3% increase from ₹234.45 crore in the previous year. Revenue from operations rose 27% to ₹9,145.41 crore, compared to ₹7,202.12 crore in FY25, reflecting growth in its core business segments. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹45.74 crore, a decline from ₹83.21 crore in the same period last year. Revenue from operations for the quarter stood at ₹2,332.71 lakh, up from ₹2,115.15 lakh in the corresponding quarter of the previous year. The statutory auditors issued an unmodified opinion on the standalone and consolidated financial results for the financial year. Gains on sale of Mutual Funds were classified as extra-ordinary items.

Financial Performance

The company’s total expenses for FY26 increased to ₹8,816.48 crore from ₹7,022.49 crore in the previous year, primarily due to higher costs of materials consumed and employee benefits. Finance costs also rose significantly to ₹121.04 crore from ₹16.59 crore in FY25. The profit before tax for the year stood at ₹448.02 crore, compared to ₹281.63 crore in the previous year.

Board Decisions

In addition to the financial results, the board appointed Ms. Shilpa Khimaram Parmar as the Internal Auditor of the company with effect from May 26, 2026, for the financial year 2026-27. The board also approved the Statutory Auditors' Report for the quarter and financial year ended March 31, 2026.

The company’s consolidated balance sheet as of March 31, 2026, showed total assets of ₹11,008.66 lakh, up from ₹6,718.82 lakh in the previous year. Equity share capital remained unchanged at ₹4,439.01 lakh, while other equity increased to ₹1,991.66 lakh from ₹1,327.13 lakh. The company’s cash and cash equivalents decreased to ₹46.21 lakh from ₹451.47 lakh at the end of the previous year.

Pursuant to Regulation 47(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited consolidated financial results in Active Times (English) and Mumbai Lakshadeep (Marathi) on May 28, 2026.