Mish Designs Limited has submitted the Scrutinizer’s Report and voting results for its ninth Annual General Meeting held on September 24, 2026. All four ordinary resolutions proposed in the notice were passed with the requisite majority, confirming the adoption of FY26 financials and key directorial re-appointments.

The meeting was conducted via Video Conferencing and Other Audio-Visual Means, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, signed by CS Hemant Maheshwari of H. Maheshwari & Associates, confirms that no votes were cast against any resolution during the remote e-voting process or at the meeting itself.

Voting outcomes and promoter participation

The voting data reveals a significant concentration of power within the promoter group, which holds 18,92,218 shares out of a total paid-up equity capital of 34,46,160 shares. For Resolutions 1, 2, and 4, the promoter group cast 17,05,008 votes (or 17,04,998 in some instances due to rounding/exclusions), representing approximately 90.1% of their holding. Public non-institutional shareholders participated minimally, casting only 10 votes across all resolutions.

Related party exclusions in voting

A critical procedural detail emerged in the voting for Resolution 3, concerning Material Related Party Transactions. Under Regulation 23 of the SEBI (LODR) Regulations, 2015, votes cast by the Promoter and Promoter Group were deemed invalid for this specific resolution because they are classified as related parties. Consequently, only the 10 votes from public non-institutional shareholders were counted as valid votes polled. Despite this exclusion, the resolution passed as there were no opposing votes among the eligible non-related party shareholders.

For Resolution 2, regarding the re-appointment of Sajan Kumar Bhartia, the scrutinizer noted that while he is a promoter-director, an ordinary rotational re-appointment under Section 152 of the Companies Act does not bar an interested director from voting. Thus, his votes were included in the total count.

Compliance and audit confirmation

Namrata Teli, Company Secretary and Compliance Officer, confirmed that the reports of the Statutory Auditors (Dinesh Jain & Co) and Secretarial Auditors (H. Maheshwari & Associates) for FY26 contained no qualifications or adverse observations. The remote e-voting facility was active from September 20, 2026, to September 23, 2026, prior to the meeting. No physical ballot papers were used, as all voting was conducted electronically through the NSDL platform.

Mish Designs has launched its MISH brand across 21 Reliance Trends stores spanning 10 states, marking a significant expansion in its large-format retail footprint. The rollout covers key markets across North, West, East, and Central India.

The expansion is executed through the company’s subsidiary, I'Design Fashions Private Limited. This strategic move aligns with Mish Designs’ broader vision of building a robust omnichannel presence, complementing its existing digital sales channels and exclusive brand outlets.

Strategic Retail Expansion

The launch targets both metropolitan hubs and emerging fashion markets. By leveraging Reliance Trends’ extensive network, Mish Designs aims to enhance brand visibility and customer engagement. The company noted strong initial response from customers and store teams since day one.

This development reinforces the strategic rationale behind Mish Designs’ investment in I'Design Fashions. Alongside the existing DeMoza business, I'Design is building a scalable platform for women’s fashion brands in the large-format retail segment.

Geographic Reach

The stores are distributed across multiple states, ensuring widespread access to the brand’s contemporary women’s fashion collections. Key locations include Delhi, Maharashtra, West Bengal, and Punjab.

Omnichannel Strategy

Mish Designs continues to scale its footprint across leading online marketplaces, including Myntra, Nykaa Fashion, Ajio, Tata Cliq, and Namshi. Since FY 2017-18, the brand has sold over 2.5 lakh products online.

The company also operates exclusive brand outlets, having recently opened flagship stores at Seasons Mall in Pune, Zora Mall in Raipur, and Phoenix Mall in Indore. Additionally, eight existing DeMoza stores will be integrated into the transaction, further expanding the group’s retail network.

Management Commentary

Kaushal Goenka, Managing Director of Mish Designs Limited, highlighted the significance of the partnership. He stated that Reliance Trends is one of the strongest large-format retail platforms in the country, describing the launch as a "huge vote of confidence" in the brand.

Goenka noted that the customer response has been "electric" from the start, indicating strong market acceptance for the brand’s modern silhouettes and versatile collections.

About Mish Designs

Mish Designs specializes in affordable Western and Indo-Western attire for women. The brand offers over 1,000 designs, including dresses, gowns, tops, co-ords, T-shirts, trousers, and palazzos. It operates a 10,000 sq. ft. manufacturing unit with a dedicated team of 54 employees.

In addition to the domestic "MISH" and "CURVES BY MISH" lines, the company exports the "ZOEY" line to the UAE.