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

An open offer has been made for Mitshi India Limited by Mr. Karronn Naresh Bajaj. This follows an agreement to acquire 13.70 lakh equity shares (15.57%) from existing promoters for ₹2.05 Cr, resulting in a change of control. The acquirer now proposes to buy up to 22.88 lakh additional shares (26.00%) from public shareholders at ₹15 per share, totaling up to ₹3.43 Cr. This mandatory offer will see Mr. Bajaj become the new promoter, with the previous promoters relinquishing their roles. The offer aims to consolidate control, impacting the company's shareholding structure.