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Mitshi India Limited
5 articles
A significant shift in ownership is underway at Mitshi India Limited, as Karronn Naresh Bajaj is acquiring a substantial stake and launching a mandatory open offer for an additional 26% of the company's shares at ₹15 per share. This move, triggered by the purchase of a 15.57% stake from existing promoters, will result in the current promoters being reclassified as public shareholders and Kumar V Shah and Deepa Kumar Shah exiting completely. The open offer, managed by Srujan Alpha Capital Advisors LLP, is not conditional on minimum acceptance and does not currently involve plans for delisting, suggesting Bajaj intends to maintain Mitshi India as a publicly traded entity while exerting greater control.
Mitshi India Company Secretary Resigns October 2026
Mr. Umesh Jayantilal Mistry resigned as Company Secretary, Compliance Officer, and KMP of Mitshi India effective October 12, 2026.
Resignation cited personal reasons and other professional commitments
Karronn Bajaj Open Offer for 26% Mitshi India
Karronn Naresh Bajaj launches open offer to acquire up to 22.88 lakh shares (26% stake) in Mitshi India Limited at ₹15 per share.
Srujan Alpha Capital Advisors LLP acts as manager to the offer, publis
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