MITTAL - Mittal Life Styl
📢 Recent Corporate Announcements
Mittal Life Style Limited has issued a second corrigendum regarding its postal ballot for a preferential issue of 99,225 equity shares. The shares are priced at Rs 1.80 each, aggregating to a total fundraise of approximately Rs 1.78 lakh. The primary objective is to round off the company's paid-up equity share capital to Rs 44.40 crore for structural uniformity and to meet working capital needs. The issue price was determined based on a valuation report and SEBI ICDR regulations, exceeding the floor price of Rs 1.74.
- Issuance of 99,225 equity shares at a price of Rs 1.80 per share, including a premium of Rs 0.80.
- Total proceeds from the preferential issue amount to Rs 1,78,605, intended for working capital and capital rounding.
- The allotment is being made to a single non-promoter individual, Ms. Priya Chidurala.
- The issue aims to adjust the total paid-up capital to exactly Rs 44.40 crore, making it divisible by Rs 10.
- The issue price of Rs 1.80 is higher than the calculated floor price of Rs 1.74 based on valuation reports.
Mittal Life Style Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no rematerialization requests were received during the quarter ended March 31, 2026. Crucially, the RTA noted that the entire shareholding of the company is already maintained in dematerialized form. This is a standard regulatory filing required for all listed entities in India.
- Quarterly compliance certificate filed for the period ending March 31, 2026.
- 100% of the company's shares are currently held in dematerialized form.
- Zero requests for rematerialization were received from shareholders during the quarter.
- Certificate issued by Bigshare Services Private Limited, the company's RTA.
Mittal Life Style Limited has informed the stock exchange that its trading window will be closed starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results for the fiscal year ending March 31, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the financial results are made public. The company will announce the specific date for the Board Meeting to approve these results at a later time.
- Trading window closure effective from April 1, 2026.
- Closure pertains to the audited financial results for the year ending March 31, 2026.
- Window to reopen 48 hours after the official declaration of financial results.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Mittal Life Style Limited has issued a Postal Ballot notice to seek shareholder approval for a preferential allotment of 99,225 equity shares. These shares, with a face value of Re. 1 each, are being offered to the 'Non-Promoter' category on a private placement basis for cash. The relevant date for determining the minimum issue price is set as March 24, 2026. The e-voting period for this resolution is scheduled from March 25, 2026, to April 23, 2026.
- Proposed issue and allotment of 99,225 equity shares to Non-Promoter investors
- Relevant date for price determination fixed as March 24, 2026
- E-voting period runs from March 25, 2026, to April 23, 2026
- Allottees must pay 100% of the issue price before the allotment of shares
- Shares will be subject to a lock-in period as per SEBI ICDR Regulations
Mittal Life Style Limited has announced a small-scale fundraise through a preferential issue of 99,225 equity shares. The shares are priced at Rs. 1.20 each, which includes a premium of 20 paise over the face value of Re. 1. The total capital being raised is approximately Rs. 1.19 Lakhs from a single individual investor, Ms. Priya Chidurala. This move is subject to shareholder approval via a postal ballot process.
- Issuance of 99,225 equity shares on a private placement basis to one investor.
- Issue price set at Rs. 1.20 per share, representing a 20% premium on the Re. 1 face value.
- Total fundraise amount is negligible at approximately Rs. 1,19,070.
- The company has appointed a scrutinizer for the upcoming Postal Ballot to seek member approval.
- The shares will be subject to a lock-in period as per SEBI ICDR Regulations.
Mittal Life Style Limited has announced the cancellation of its Board of Directors meeting that was previously scheduled for Wednesday, February 25, 2026. The company cited "unavoidable reasons" for the cancellation in a filing dated February 24, 2026. This follows an initial intimation of the meeting sent to the exchange on February 21, 2026. No new date or specific agenda for the meeting has been provided at this time.
- Board meeting scheduled for February 25, 2026, stands cancelled.
- The cancellation was attributed to unspecified unavoidable reasons.
- The original meeting was notified to the exchange on February 21, 2026.
- No rescheduled date for the board meeting has been announced yet.
Mittal Life Style Limited reported a strong consolidated performance for the quarter ended December 31, 2025, with total revenue rising to ₹2,151.08 lakhs from ₹1,807.49 lakhs in the same period last year. The consolidated net profit surged by approximately 147% YoY to ₹83.21 lakhs, significantly bolstered by the acquisition of JK Infrasol Private Limited in June 2025. On a standalone basis, however, the net profit saw a marginal decline to ₹30.66 lakhs from ₹33.67 lakhs YoY, indicating that growth is currently driven by its new subsidiary.
- Consolidated Revenue from Operations increased 15.9% YoY to ₹2,082.73 lakhs.
- Consolidated Net Profit (PAT) rose to ₹83.21 lakhs compared to ₹33.67 lakhs in Q3 FY25.
- Standalone PAT stood at ₹30.66 lakhs, showing a slight year-on-year decrease from ₹33.67 lakhs.
- Consolidated Earnings Per Share (EPS) improved to ₹0.02 from ₹0.01 in the previous year's quarter.
- The acquisition of JK Infrasol Private Limited (formerly JK Denim Fab) on June 02, 2025, has been a key driver for consolidated growth.
Mittal Life Style Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no dematerialization requests were received during the three-month period. This filing is a standard regulatory requirement for all listed entities in India to ensure proper record-keeping of securities. It indicates that the company is maintaining its routine compliance obligations without any pending share processing issues.
- Quarterly compliance certificate submitted for the period ending December 31, 2025.
- RTA Bigshare Services Private Limited confirmed zero dematerialization requests during the quarter.
- The reporting period spanned from October 1, 2025, to December 31, 2025.
- The filing adheres to SEBI (Depositories and Participants) Regulations, 2018.
Mittal Life Style Limited has officially announced the closure of its trading window for all designated persons and their immediate relatives starting January 01, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results. The window will remain closed until 48 hours after the announcement of the unaudited financial results for the quarter and nine months ending December 31, 2025. The specific date for the Board Meeting to approve these results will be disclosed in a separate future communication.
- Trading window closure begins on January 01, 2026, for all designated persons.
- Closure pertains to the review of unaudited financial results for the quarter and nine months ended December 31, 2025.
- The window will reopen 48 hours after the financial results are officially declared to the exchanges.
- The date for the Board Meeting to approve the Q3 FY2026 results is yet to be announced.
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew by 6.89% YoY, reaching INR 72.02 Cr in FY25 from INR 67.38 Cr in FY24. The growth is primarily driven by the supply of denim and bottom weight fabrics.
Profitability Margins
Net profit margin improved from 2.55% in FY24 to 3.20% in FY25. Profit After Tax (PAT) increased by 34.16% YoY to INR 2.30 Cr, driven by higher operational efficiency and revenue growth.
EBITDA Margin
EBITDA margin improved to 5.46% (INR 3.93 Cr) in FY25 from 3.57% (INR 2.41 Cr) in FY24, representing a 189 bps improvement in core profitability.
Capital Expenditure
Historical capital expenditure for FY25 was INR 13.23 Cr, a significant increase from INR 0.70 Cr in FY24, primarily for Property, Plant & Equipment.
Credit Rating & Borrowing
Short-term borrowings increased to INR 4.28 Cr in FY25 from INR 0.78 Cr in FY24. The company has zero non-current borrowings.
Operational Drivers
Raw Materials
Denim fabrics and bottom weight fabrics account for the majority of procurement costs, with total operating expenses at INR 68.67 Cr (95.3% of revenue).
Import Sources
India (sourced via 16 composite mills).
Key Suppliers
The company has tie-ups with 16 composite mills for manufacturing denim fabrics as per its requirements (specific names not disclosed).
Capacity Expansion
Current capacity not specified in units; however, the company invested INR 13.23 Cr in Property, Plant & Equipment in FY25 to support growth.
Raw Material Costs
Operating expenses (including raw material procurement) were INR 68.67 Cr in FY25, representing 95.3% of revenue, a slight decrease from 97.6% in FY24.
Strategic Growth
Growth Strategy
The company plans to achieve growth by expanding its customer base to reduce dependency on single clients and leveraging its tie-ups with 16 composite mills to scale supply. Management is focusing on marketing strategies to capture buoyant demand in the garment industry, supported by a significant capital expenditure of INR 13.23 Cr in FY25.
Products & Services
Denim fabrics, bottom weight fabrics, and garment products.
Brand Portfolio
Mittal Life Style.
Strategic Alliances
Manufacturing tie-ups with 16 composite mills to produce denim fabrics to specific requirements.
External Factors
Industry Trends
The garment industry is currently buoyant with a bright outlook driven by increasing government thrust and development processes. The industry is evolving through increased competition and policy shifts, with the company positioning itself as a preferred supplier of denim by maintaining flexible manufacturing tie-ups.
Competitive Landscape
The industry is exposed to high competition following government policy shifts, though specific competitor names are not disclosed.
Competitive Moat
The company's moat lies in its asset-light manufacturing model, utilizing tie-ups with 16 composite mills. This allows for scalability and cost-efficiency without the capital intensity of owning mills. This advantage is sustainable as long as mill relationships and preferred supplier status are maintained.
Regulatory & Governance
Industry Regulations
The company is subject to government textile policies and development thrusts in the garment industry, which directly impact its growth outlook and competitive positioning.
Taxation Policy Impact
The effective tax rate for FY25 was approximately 15.8%, with a current tax provision of INR 0.44 Cr on a Profit Before Tax of INR 2.77 Cr.
Legal Contingencies
The company has no pending litigations that would impact its financial position as of March 31, 2025. There are no undisputed statutory dues outstanding for more than six months.
Risk Analysis
Key Uncertainties
Key uncertainties include the negative operating cash flow of INR 3.09 Cr in FY25 and the high level of trade receivables (INR 19.61 Cr increase), which could impact liquidity if credit cycles lengthen.
Third Party Dependencies
100% dependency on 16 composite mills for fabric manufacturing.
Credit & Counterparty Risk
High credit exposure indicated by an INR 19.61 Cr increase in trade receivables in FY25, representing a significant portion of the INR 72.02 Cr revenue.