Mitshi India Ltd — Important, 01-01-1970: Company Update

Mr. Karronn Naresh Bajaj has launched an open offer to acquire up to 22.88 lakh shares, representing 26% of Mitshi India Limited's total voting capital, at ₹15 per share. This offer, totaling ₹3.43 Cr, follows his prior acquisition of 15.57% from the existing promoters, who will now step down. Bajaj will become the new promoter and gain control. He intends to continue and strengthen Mitshi India's current operations, focusing on growth and efficiency, while not planning any significant asset disposals for two years.