Mitshi India Independent Directors Review Open Offer

The Committee of Independent Directors (IDC) of Mitshi India Limited met on August 27, 2026, to review the open offer made by Mr. Karronn Naresh Bajaj. The offer aims to acquire up to 22,88,000 equity shares, representing 26% of the total voting share capital, at ₹15 per share. The IDC found the offer to be fair and reasonable, aligning with SEBI (SAST) Regulations. They noted that the offer price is consistent with the negotiated price and SEBI regulations, and that IDC members have no conflict of interest with the acquirer or the target company. Shareholders are advised to independently evaluate the offer.