Mittal Life Style Limited (NSE: MITTAL)

Announcement Date: 26 May 2026

Mittal Life Style Limited (CIN L18101MH2005PLC155786) submitted a filing to the National Stock Exchange (NSE) informing the exchange of the outcomes of its Board meeting held on 26 May 2026. The filing includes the audited standalone and consolidated financial results for the quarter and the full financial year ended 31 March 2026, the statutory auditor’s report, a declaration of an unmodified audit opinion, and the appointment of a new internal auditor.

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1. Board Meeting – Key Approvals

• Audited Stand‑alone & consolidated financial results for Q4 FY 2025‑26 and the full FY 2025‑26 were approved.
• Statutory auditor’s report (M/s Akhilesh Pandey & Co.) for the same periods was accepted.
• Regulation 3.3(3)(d) declaration confirming an unmodified audit opinion on both standalone and consolidated results.
• Appointment of Internal Auditor: Ms Shilpa Khimaram Pan’nar, effective 26 May 2026 for FY 2026‑27.

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2. Consolidated Financial Performance (FY 2025‑26)

Item (₹ Lakhs)	FY 2025‑26 (Audited)	FY 2024‑25 (Audited)
Revenue from Operations (Net of GST)	9,145.41	7,202.12
Total Revenue (net)	9,145.41	7,202.12
Total Expenses	8,816.48	7,022.49
Profit before tax	448.02	281.63
Tax expense (Current + Deferred)	‑207.11	‑50.26
Profit (Loss) for the period	229.08	234.45
Profit attributable to shareholders	229.08	234.45
Other Comprehensive Income (OCI)	‑74.53	‑195.29
Total Comprehensive Income	154.55	39.16
Basic & Diluted EPS (₹ 1)	0.05	0.05

Notes:

• Gains on sale of Mutual Funds were classified as an extraordinary item.
• MTM gain/loss on Mutual Funds appears under OCI.
• No investor complaints were recorded for the quarter ended 31 Mar 2026.

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3. Consolidated Balance Sheet Highlights (31 Mar 2026)

Category	31 Mar 2026 (₹ Lakhs)	31 Mar 2025 (₹ Lakhs)
Total Assets	11,008.66	6,718.82
– Non‑current assets	7,246.99	1,374.96
– Current assets	3,761.67	5,343.88
Total Equity	6,430.67	5,766.14
Non‑current liabilities	1,696.72	–
Current liabilities	2,881.27	952.68
Cash & cash equivalents (closing)	46.21	451.47

Key changes:

• Substantial increase in property, plant & equipment (₹ 5,429.72 L vs. ₹ 1,374.96 L a year earlier) reflecting capital investment.
• Borrowings introduced in non‑current liabilities (₹ 1,696.72 L).
• Cash balance fell sharply to ₹ 46.21 L due to heavy investing activities.

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4. Consolidated Cash Flow Summary (FY 2025‑26)

Cash‑flow category	2025‑26 (₹ Lakhs)
Operating activities (net)	2,509.42
Investing activities (net)	‑4,880.36
Financing activities (net)	1,936.97
Net change in cash & equivalents	‑433.97
Closing cash & equivalents	46.21

Operating cash flow turned positive mainly due to higher profit before tax and working‑capital adjustments (increase in trade payables and borrowings). Investing cash outflow was driven by large purchases of PPE, mutual funds, and investments/loans to the subsidiary JK Infrasol Private Limited (acquired on 2 June 2025).

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5. Standalone Financial Snapshot (for reference)

• Total Assets: ₹ 6,734.29 L (up marginally from ₹ 6,718.82 L).
• Equity: ₹ 5,783.29 L (slight rise).
• Current Liabilities: ₹ 950.96 L (stable).
• Cash & cash equivalents (closing): ₹ 244.26 L (higher than the consolidated figure due to different presentation).

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6. Strategic & Regulatory Highlights

Item	Detail
Acquisition	On 2 June 2025, Mittal Life Style acquired 100 % of JK Infrasol Private Limited, making it a wholly‑owned subsidiary.
Internal Auditor	Ms Shilpa Khimaram Pan’nar appointed effective 26 May 2026 for FY 2026‑27.
Audit Opinion	Unmodified (clean) audit opinion for both standalone and consolidated financial statements for FY 2025‑26.
Compliance	Filing made under Regulation 30 of SEBI LODR; auditor’s report filed with NSE and company website.
Segment Reporting	Only one reportable segment; therefore, Ind AS 108 segment disclosures are not applicable.

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7. Outlook & Risk Considerations

• The company disclosed no forward‑looking guidance in the filing.
• Liquidity pressure is evident from the steep decline in cash balances, primarily due to sizable investing outflows and repayment of borrowings.
• Increased leverage (₹ 1,696.72 L non‑current borrowings) may affect future financing costs.
• Operational performance showed modest profit growth year‑on‑year, but the net profit margin remains thin (≈ 2.5 % of revenue).

Investors should monitor subsequent quarterly results for trends in cash generation, debt servicing, and the integration of the JK Infrasol subsidiary.

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Prepared on the basis of the information contained in Mittal Life Style Limited’s Board‑meeting filing dated 26 May 2026.