Mitshi India Limited accepted the resignation of Umesh Jayantilal Mistry from the post of Company Secretary and Compliance Officer. The cessation is effective from the close of business hours on October 12, 2026.

The Board of Directors considered and approved the resignation during a meeting held on Monday, October 12, 2026. The meeting commenced at 4:30 pm and concluded at 5:00 pm. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for departure

Mistry cited personal reasons and other professional commitments as the basis for his resignation. In his letter to the Board, he stated that there were no other material reasons for leaving the position. He also requested the completion of formalities regarding his relieving and necessary filings with the Ministry of Corporate Affairs.

Key details of the change

The company disclosed these details in Annexure A of its regulatory filing, adhering to SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. The resignation was tendered under Section 203 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Mitshi India Limited shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, during the 36th Annual General Meeting held on September 29, 2026. The meeting also authorized an increase in the foreign portfolio investor holding limit to 49% of paid-up equity capital.

Voting Results and Resolution Details

The company disclosed the consolidated scrutinizer's report on September 30, 2026, confirming that all 10 resolutions proposed at the AGM were passed with requisite majority. The voting was conducted via remote e-voting and poll through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Key resolutions included:

• Adoption of audited financial statements for FY26.
• Re-appointment of Kumar Vasantlal Shah as Managing Director.
• Regularization of Vicky Mahendra Anjaria as Non-Executive Non-Independent Director.
• Appointment of Gurdeep Singh and Rekha Rani Naraniwal as Non-Executive Independent Directors.
• Approval for related party transactions up to ₹50 crore.
• Increase in FPI/FII holding limit to 49%.

Governance and Director Appointments

Members passed resolutions to regularize the appointment of three additional directors. Vicky Mahendra Anjaria was confirmed as a Non-Executive Non-Independent Director. Additionally, Gurdeep Singh and Rekha Rani Naraniwal were appointed as Non-Executive Independent Directors with special majority approval. Kumar Vasantlal Shah was re-appointed as a director in place of retirement by rotation under Section 152 of the Companies Act, 2013.

Capital Structure and Investment Limits

A significant resolution passed with a special majority increased the aggregate shareholding limit for registered Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) to 49%. This move potentially opens the company to greater institutional participation from overseas markets.

The shareholders also approved increasing the threshold for loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013, setting an aggregate limit of ₹100 crore. Further, the board was empowered to advance loans, give guarantees, or provide security under Section 185 of the Act.

Related Party Transactions and Auditors

The meeting granted approval for related party transactions, including material transactions, as mandated under Section 188 of the Companies Act, 2013. The aggregate value of such transactions is capped at ₹50 crore, provided they are carried out at arm's length. The appointment of M/s Vishakha Agrawal & Associates as secretarial auditor for five years (FY27–FY31) and the fixation of their remuneration were also ratified.

Meeting Proceedings and Attendance

The 36th AGM was conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) facility at the deemed venue of the company's registered office in Mumbai. The meeting commenced at 3:00 pm and concluded at 3:28 pm. Mr. Kumar V Shah, Managing Director, chaired the meeting, while Vicky Mahendra Anjaria, Director, conducted the proceedings.

The company informed members that both the Statutory Auditors' Report and the Secretarial Audit Report contained qualifications. Voting results were disclosed to stock exchanges on September 30, 2026.