Mitshi India Limited accepted the resignations of Mrs. Bijal Yogesh Durgavale and Mrs. Sheetal Bhavin Nagda from their positions as Additional Non-Executive Independent Directors effective from the close of business hours on July 22, 2026. The Board approved the resignations during its meeting held on the same day. Both directors cited other professional commitments as the reason for their departure and confirmed there were no other material reasons for their resignations.

Mrs. Bijal Yogesh Durgavale holds a directorship in HCKK Ventures Limited and serves as a member on its Audit, Nomination and Remuneration, and Stakeholder Relationship Committees. Mrs. Sheetal Bhavin Nagda serves as an Independent Director at Oriental Rail Infrastructure Limited and Azad India Mobility Limited. She holds committee memberships at these entities, including roles in the Audit, Nomination and Remuneration, Stakeholder Relationship, and CSR Committees.

The Board placed on record its sincere appreciation for the contributions made by Mrs. Bijal Yogesh Durgavale and Mrs. Sheetal Bhavin Nagda during their tenure. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars.

Resignation Details

Mitshi India Limited has submitted its quarterly compliance certificate to the Bombay Stock Exchange, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended 31st March, 2026, and confirms the company's adherence to dematerialisation procedures.

Regulatory Compliance Filing

The company filed the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on 14th April, 2026. The certificate was signed by Kumar Shah, Managing Director, and submitted to the Listing Department of Bombay Stock Exchange.

Registrar Confirmation

Adroit Corporate Services Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate on 01st April, 2026. The certificate confirms that all securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories.

The Registrar confirmed several key compliance aspects:

• Securities received for dematerialisation were accepted or rejected as appropriate
• All securities in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the required 15-day timeframe

Company Information

Mitshi India Limited, formerly known as Dera Paints & Chemical Ltd, maintains its registered office at 204 B-Wing, Master Mind III, E Building Aarey Milk Colony, Mumbai, Goregaon East, Maharashtra. The company operates under CIN U91100MH1990PLC057373 and is managed by Kumar Shah as Managing Director.

Regulatory Framework

The compliance certificate filing under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 is a mandatory quarterly requirement for listed companies. This regulation ensures proper oversight of the dematerialisation process and maintains transparency in securities handling by depositories and their participants.