News

Mitshi India Limited, formerly known as Dera Paints & Chemical Limited, submitted a certificate to the Bombay Stock Exchange under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018, for the quarter ended September 30, 2026, confirming the acceptance and processing of securities for dematerialization by its Registrar and Transfer Agent, Adroit Corporate Services Pvt. Ltd.

Mitshi India Limited, formerly known as Dera Paints & Chemical Limited, held its 36th Annual General Meeting on September 29, 2026, where members approved the audited financial statements for the fiscal year ended March 31, 2026, and re-appointed Mr. Kumar Vasantlal Shah as a director. The company also approved the regularization of Mr. Vicky Mahendra Anjaria, Mr. Gurdeep Singh, and Mrs. Rekha Rani Naraniwal as directors, along with the appointment of a secretarial auditor and resolutions related to loans, guarantees, investments, related party transactions, and an increase in the shareholding limit for foreign portfolio and institutional investors up to 49% of the paid-up equity share capital.

Mitshi India Limited, formerly known as Dera Paints & Chemical Limited, will close its trading window for designated persons and employees from October 1, 2026, until 48 hours after the release of its unaudited standalone financial statements for the second quarter and half-year ended September 30, 2026, as announced in a filing with the BSE Limited on September 22, 2026.

MITSHI INDIA LIMITED, formerly known as Dera Paints & Chemical Limited, will hold a meeting of its Board of Directors on September 4, 2026, to approve the company’s Board’s Report for the financial year ended March 31, 2026, appoint M/s. Vishakha Agarwal & Associates as Secretarial Auditor for five financial years commencing from 2026-27, and consider the secretarial audit report provided by M/s MK Samdani & Co. The board will also approve the Notice of the 36th Annual General Meeting and authorize someone to issue it to shareholders.

Mitshi India Limited announced that its Committee of Independent Directors has recommended that shareholders consider an open offer by Mr. Karronn Naresh Bajaj to acquire up to 22,88,000 equity shares, representing 26% of the company`s total voting share capital, at a price of Rs 15 per share. The open offer, detailed in public announcements dated July 23, 2026, July 30, 2026, and August 24, 2026, is being managed by Srujan Alpha Capital Advisors LLP, and the committee believes the offer price is fair and reasonable in accordance with SEBI regulations.