Mitshi India Ltd — Important, 23-07-2026: Company Update

Karronn Naresh Bajaj has entered an agreement to acquire 13,70,070 equity shares, representing 15.57% of Mitshi India's voting capital, from the Promoter Seller for ₹2.05 crore (₹15 per share). This strategic acquisition grants the acquirer control over the company. As a result, an open offer for an additional 22,88,000 equity shares, constituting 26% of the total share capital, has been triggered for public shareholders, also priced at ₹15 per share. Upon transaction completion, the acquirer will become Mitshi India's new promoter, and the current promoter sellers will be reclassified as public shareholders, marking a significant change in company leadership.