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Mitshi India Limited
8 articles
A significant shift in ownership is underway at Mitshi India Limited, as Karronn Naresh Bajaj is set to acquire a controlling stake through a combination of direct share purchases and a mandatory open offer. Bajaj recently acquired a 15.57% stake from existing promoters, triggering the open offer for an additional 26% of shares at ₹15 each. This transaction will result in the current promoters relinquishing their status and becoming public shareholders, with Kumar V Shah and Deepa Kumar Shah exiting the company entirely. The open offer, currently scheduled to conclude in mid-September, does not face any competing bids and is not contingent on minimum acceptance, suggesting a potential for Bajaj to gain full control, though delisting is not currently planned.
Mitshi India 36th AGM Director Appointments Financial Approvals
Mitshi India convenes 36th AGM on September 29, 2026 to approve audited FY26 financial statements and director appointments.
Seeks shareholder approval for ₹100 crore investment limit under Section 18
Mitshi India 36th AGM E-Voting Details September 2026
Mitshi India provides remote e-voting facility details for its 36th Annual General Meeting scheduled for 29 September 2026.
CDSL will provide the e-voting platform with cut-off date of 22 September an
Mitshi India Appoints Vishakha Agrawal Secretarial Auditor
Mitshi India Limited appointed M/s. Vishakha Agrawal & Associates as Secretarial Auditor for five years.
Appointment was approved by the Board of Directors in their meeting held on September 4, 2026.
Mitshi India Board Approves 36th AGM, Auditor Changes
Board approved 36th AGM on September 29, 2026 via video conferencing with book closure from September 23-29.
Appointed CS Vishakha Agrawal as Secretarial Auditor for 5 years and accepted resignation o
Mitshi India Secretarial Auditor Resigns September 2026
M/s MK Samdani & Co. resigned as Secretarial Auditor of Mitshi India Ltd effective September 4, 2026.
The resignation was due to professional and other commitments, with no concerns raised about compa
Karronn Bajaj Mitshi India 26% Open Offer ₹15/Share
Mr. Karronn Bajaj makes mandatory open offer for 26% stake (22.88 lakh shares) in Mitshi India Ltd at ₹15 per share.
Independent Directors Committee unanimously recommends the offer as fair and in lin
Mitshi India Promoters Sell 15.57% Stake to Karronn Bajaj
Karronn Naresh Bajaj entered Share Purchase Agreement on July 23, 2026 to acquire 13,70,070 shares (15.57% stake) from Mitshi India promoters for ₹2.05 crore.
Acquisition triggers mandatory open offer
Karronn Bajaj's 26% Open Offer for Mitshi India
Mr. Karronn Naresh Bajaj announces mandatory open offer for 26% of Mitshi India at ₹15/share, triggered by acquiring 15.57% from promoters.
The offer, managed by Srujan Alpha Capital, seeks up to 22,8