Mitshi India Ltd — Important, 24-08-2026: Company Update

Mitshi India Limited is subject to a mandatory open offer by Mr. Karronn Naresh Bajaj to acquire up to 22.88 lakh shares, representing 26% of the company's voting capital, at ₹15 per share. This follows an agreement where Bajaj will acquire 13.70 lakh shares (15.57%) from the current promoters at the same price, leading to a change in control and management. Mr. Bajaj aims to become the new promoter, continue the existing business of trading and distributing agricultural products, and enhance operational efficiencies. Post-acquisition, his stake could reach 41.57%. The offer price of ₹15 is higher than the recent market closing price of ₹13.42 per share.