Mitshi India Ltd

Mitshi India Limited has submitted its 36th Annual Report for the Financial Year 2025-26. The company announced that its 36th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 03:00 P.M. (IST) through an online mode. The report details the Board of Directors, Key Managerial Personnel (KMP), statutory auditors, company secretary, CFO, bankers, and other corporate information. It also includes the notice of the AGM, Director's Report, financial statements, and auditor's reports.

Mitshi India Limited has announced its 36th Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026, at 03:00 P.M. IST through online mode (Video Conferencing/Other Audio-Visual Means). The AGM will transact ordinary business including the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Kumar Vasantlal Shah as a Director. Special business includes the regularization of Mr. Vicky Mahendra Anjaria and Mr. Gurdeep Singh as directors. The notice is part of the Annual Report for FY 2025-26 and is also available on the company's website.

Mitshi India Ltd has announced the availability of remote e-voting facilities for its 36th Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026. This provision is in compliance with SEBI (LODR) Regulations, 2015, and the Companies Act, 2013. Members can cast their votes electronically from Saturday, September 26, 2026, 09:00 AM, until Monday, September 28, 2026, 05:00 PM. The cut-off date for e-voting is Tuesday, September 22, 2026. CDSL is providing the e-voting platform, and CS Vishakha Agrawal has been appointed as the scrutinizer.

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.

Mitshi India Ltd has announced the resignation of its Secretarial Auditor, M/s MK Samdani & Co., effective September 4, 2026. The resignation is attributed to professional and other commitments. The company stated that there are no concerns raised by the auditor regarding the management and no material reason for the resignation beyond professional commitments. The details are in compliance with SEBI (LODR) Regulations, 2015.

Mitshi India Limited has announced the appointment of M/s. Vishakha Agrawal & Associates, Practicing Company Secretaries, as its Secretarial Auditor. This decision was approved by the Board of Directors on September 4, 2026, following recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee. The appointment is for a term of five consecutive years, from FY 2025-26 to FY 2029-30, and is subject to shareholder approval at the upcoming Annual General Meeting. The company also provided details about the auditor's profile and the relationship disclosure, noting it is not applicable in this case.

Mitshi India Limited announced a Pre-Offer Advertisement cum Corrigendum to its Detailed Public Statement regarding an Open Offer. Acquirer Karronn Naresh Bajaj is offering to acquire up to 22,88,000 fully paid-up equity shares, representing 26.00% of the total voting share capital, at a price of ₹15 per share. This offer is made pursuant to SEBI (SAST) Regulations, 2011. The Independent Directors Committee has recommended the offer as fair and reasonable. The offer price remains unchanged from the Letter of Offer dated August 24, 2026. The tendering period is open to all public shareholders, including those who acquire shares after the identified date of August 19, 2026.

Mitshi India Limited is subject to an open offer initiated by Mr. Karronn Naresh Bajaj, aiming to acquire up to 22,88,000 equity shares, representing 26.00% of the total voting share capital. The offer price is set at ₹15 per fully paid-up equity share. Srujan Alpha Capital Advisors LLP is acting as the Manager to the Offer. The Committee of Independent Directors has recommended the offer as fair and reasonable, in line with SEBI (SAST) Regulations. This is a mandatory offer under SEBI regulations, with no competitive bids received so far. The Letter of Offer was dispatched to eligible shareholders, and the tendering period is ongoing.

Mitshi India Limited has submitted the written reasoned recommendation of its Committee of Independent Directors regarding an Open Offer made by Mr. Karronn Naresh Bajaj. The recommendation, approved on August 27, 2026, pertains to the acquisition of fully paid-up shares at a price of ₹15 per share, in compliance with SEBI (SAST) Regulations, 2011. The recommendation was published on September 01, 2026, in The Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi). The company has also forwarded a copy to the Manager to the Open Offer, Srujan Alpha Capital Advisors LLP, and requested its upload on the stock exchange website.

Mitshi India Ltd has scheduled a Board of Directors meeting for September 4, 2026, to approve the Annual Board's Report for the financial year ending March 31, 2026. The meeting will also cover the appointment of M/s. Vishakha Agarwal & Associates as Secretarial Auditor for five financial years (2026-27 to 2030-31), subject to member approval. Additionally, the board will review the secretarial audit report for FY26, approve the notice for the 36th Annual General Meeting (AGM), fix its date, time, venue, and book closure/cut-off dates for e-voting. Ms. Vishakha Agrawal will be appointed as the scrutinizer for the AGM's voting process. The company also confirmed its registered office details and website for accessing the notice.