Mish Designs Limited acquired a 59.78% equity stake in I'DESIGN Fashions Private Limited on August 24, 2026. The company paid ₹10 per share for the transaction.

The deal involves the allotment of 2,03,258 equity shares with a face value of ₹10 each. The total cash consideration amounts to ₹20,32,580. Mish Designs will record the acquisition in its upcoming Board Meeting.

Transaction Details

I'DESIGN Fashions operates in the manufacture and retail of wearing apparel. The entity was incorporated on April 5, 2021, with an authorized capital of ₹1,00,000. It has not generated any turnover to date.

Strategic Context

The acquisition aligns with Mish Designs' main line business objectives. The company aims to expand operations, drive growth, and enhance market share through this move. I'DESIGN Fashions will become a subsidiary of Mish Designs.

The transaction qualifies as a related party transaction. Mish Designs obtained the necessary approval from its Audit Committee. The company confirmed the deal was conducted at arm's length. No governmental or regulatory approvals were required for this acquisition.

Mish Designs Limited held its first Extra-Ordinary General Meeting (EGM) on June 05, 2026, at its registered office in Mumbai, where shareholders voted on five key resolutions covering capital restructuring and board composition changes. The meeting commenced at 11:30 AM and concluded at 12:00 PM, with a total of five members attending either in person or through authorized representatives. The record date for determining eligible voters was May 29, 2026, with 432 total shareholders on record as of that date. In compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the scrutinizer's report and voting results to BSE Limited on June 08, 2026.

Voting Participation and Process

The company facilitated remote e-voting through National Securities Depository Limited (NSDL), with the facility open from June 01, 2026 at 09:00 AM to June 04, 2026 at 05:00 PM IST. CS Hemant Maheshwari, Proprietor of M/s H. Maheshwari & Associates (Membership No. 26145, COP No. 10245), was appointed as Scrutinizer by the Board of Directors to oversee the e-voting and physical voting process. The voting data was reconciled with records maintained by M/s. KFin Technologies Ltd. A total of 3,183,000 shares were outstanding, of which 1,738,008 votes were polled, representing a participation rate of 54.60% of outstanding shares.

Resolutions Passed

All five resolutions were passed with the requisite majority, with 1,738,008 votes cast entirely in favour and zero votes against any resolution. The Scrutinizer confirmed no invalid votes were recorded against any resolution. The following table summarises the resolutions voted upon at the EGM:

Detailed Voting Results

The category-wise voting breakdown for all five resolutions was identical, reflecting unanimous support across both the Promoter and Promoter Group and Public – Non Institutions categories. Public Institutions held no shares and cast no votes. The table below presents the consolidated voting data applicable to each of the five resolutions:

Compliance and Governance

The scrutinizer's report, dated June 06, 2026, was issued by CS Hemant Maheshwari under UDIN A026145H000590775 and countersigned by Company Secretary and Compliance Officer Namrata Teli on behalf of Mish Designs Limited. The report was submitted to BSE Limited on June 08, 2026, in accordance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44(3) of the SEBI Listing Regulations. The electronic data and all relevant records relating to remote e-voting and electronic voting conducted during the EGM are under the scrutinizer's custody and will be handed over to the Company Secretary for safe preservation after the Chairman approves and signs the minutes of the EGM.