Mitshi India Board Approves Loan Policies, Appoints Secretarial Auditor

Mitshi India Ltd's Board of Directors met on September 4, 2026, approving several key corporate actions. The Board considered and approved the Board's Report for the financial year ended March 31, 2026. CS Vishakha Agrawal was appointed as the Secretarial Auditor for five financial years, subject to member approval. The Board also approved advancing loans, giving guarantees, providing securities under Section 185 of the Companies Act, and increasing the threshold for loans, guarantees, securities, and investments under Section 186. Related party transactions, including material ones, were also approved. Additionally, the Board approved an increase in the foreign investment limit up to 49% of paid-up capital. The resignation of the previous secretarial auditor, M/s MK Samdani & Co., was accepted. The 36th Annual General Meeting is scheduled for September 29, 2026, with book closure from September 23-29, 2026, and remote e-voting from September 26-28, 2026. Ms. Vishakha Agrawal was appointed as the scrutinizer for the e-voting process.