Karronn Bajaj to Acquire 15.57% Stake in Mitshi India

Karronn Naresh Bajaj (Acquirer) has entered into a Share Purchase Agreement (SPA) dated July 23, 2026, with the Promoter Sellers to acquire 13,70,070 equity shares, representing 15.57% of the voting share capital of Mitshi India Ltd. The acquisition is for a consideration of ₹2,05,51,050. This transaction, along with the acquisition of control, triggers an open offer obligation under SEBI (SAST) Regulations. The Acquirer will make an open offer to public shareholders to acquire 22,38,000 equity shares at ₹15 per share, representing 26% of the total equity on a fully diluted basis. The transaction is subject to statutory approvals and satisfaction of conditions precedent.