Mittal Life Style Limited has informed the National Stock Exchange of India that its Board of Directors, in a meeting held on May 06, 2026, approved the allotment of 99,225 equity shares. These shares were issued on a preferential basis to Ms. Priya Chidurala, an individual from the public, non-promoter group, at a price of ₹1.80 per share. This move follows in-principle approval received from the NSE on April 27, 2026.

The preferential allotment was conducted for a total cash consideration of ₹0.18 Million (aggregating to ₹1,78,605). Each equity share has a face value of ₹1.00 and includes a premium of ₹0.80. As a result of this issuance, the company’s paid-up equity share capital has increased from ₹443.90 Million to ₹444.00 Million. The newly allotted shares will rank pari-passu with the existing equity shares of the company.

Mittal Life Style Limited is primarily engaged in the trading and distribution of denim fabrics. The company maintains strategic tie-ups with approximately 16 composite mills in Ahmedabad to source high-quality fabrics, which it then repackages and distributes to a diverse customer base, primarily in Mumbai and Ulhasnagar. A significant update for the company in early 2026 is its continued focus on expanding its market presence within the Indian textile sector.

For the quarter ending December 31, 2025, the company reported a revenue of ₹215.10 Million (₹21.51 Crores), reflecting a growth of 19.04% compared to the corresponding quarter of the previous year. However, this represented a decline of 13.79% on a quarter-on-quarter (QoQ) basis from the September 2025 quarter. Net profit for the same period stood at ₹8.30 Million (₹0.83 Crores), a substantial year-on-year (YoY) jump of 144.12%, despite a QoQ decrease of 14.43%. The largest shareholder in the company is J. K. Denim Fab Pvt Ltd, a private firm held by the Mittal family.