Committee Recommends Open Offer by Karronn Naresh Bajaj as Fair and Reasonable
Mitshi India Limited, formerly known as Dera Paints & Chemical Limited, announced the recommendations of its Committee of Independent Directors (IDC) regarding the ongoing Open Offer. The IDC concluded that the offer, put forth by Mr. Karronn Naresh Bajaj, is fair and reasonable to the shareholders.The IDC reviewed the Open Offer in light of the Public Announcement dated July 23, 2026, the Detailed Public Statement dated July 30, 2026, and the Letter of Offer dated August 24, 2026.The Open Offer involves the acquisition of up to 22,88,000 fully paid up equity shares of Mitshi India Limited by Mr. Karronn Naresh Bajaj. These shares constitute 26% of the...