Mish Designs Acquires 59.78% Stake in I'Designs Fashions

Mish Designs Limited has acquired a 59.78% equity stake in I'Designs Fashions Private Limited for ₹10 per share, totaling a cash consideration of ₹20,32,580. This acquisition is intended to expand Mish Designs' business operations, drive growth, increase revenue, and enhance market share. I'Designs Fashions, incorporated in 2021, operates in the manufacture and retail of wearing apparel and will become a subsidiary of Mish Designs. The transaction has been approved by the Audit Committee and is considered an arm's length transaction. The acquired entity has not generated any turnover to date.