Proceedings of 36th AGM: 10 resolutions put to e-voting; auditors' reports carry qualifications
Mitshi India held its 36th AGM on 29th September, 2026 via video conferencing, starting 3:00 PM and concluding 3:28 PM.
- AGM Date
- 29th September, 2026
- Total Shareholders on Record
- 21,466
- Resolutions Placed for E-voting
- 10 items
- FPI/FII Shareholding Limit Increase
- 49% of paid-up equity share capital
- Audit Reports Status
- Statutory Auditors' Report and Secretarial Audit Report have qualifications
What happened
Mitshi India Limited (formerly Dera Paints & Chemical Limited) reported the proceedings of its 36th Annual General Meeting, held on 29th September, 2026 at 3:00 PM through video conferencing, concluded at 3:28 PM. Mr. Kumar V Shah, Managing Director, chaired the meeting.
Attendance
- Shareholders on the cut-off date of 22nd September, 2026: 21,466
- Promoter & Promoter Group present: 1
- Public shareholders present: 52
Items placed before members
- Adoption of audited financial statements for the financial year ended March 31, 2026, with Board and auditors' reports (Ordinary Resolution)
- Re-appointment of Mr. Kumar Vasantlal Shah, retiring by rotation (Ordinary Resolution)
- Regularisation of Mr. Vicky Mahendra Anjaria as Non-Executive Non-Independent Director (Ordinary Resolution)
- Regularisation of Mr. Gurdeep Singh as Non-Executive Independent Director (Special Resolution)
- Regularisation of Mrs. Rekha Rani Naraniwal as Non-Executive Independent Director (Special Resolution)
- Appointment of Secretarial Auditor and fixing remuneration (Ordinary Resolution)
- Approval to advance loans, give guarantees and/or provide securities under Section 185 (Special Resolution)
- Increase in threshold of loans, guarantees, securities and investments under Section 186 (Special Resolution)
- Approval of related party transactions, including material related party transactions, under Section 188 (Ordinary Resolution)
- Increase in the combined shareholding limit of registered FPIs/FIIs up to 49% of paid-up equity share capital (Special Resolution)
Point to note
The Director informed members that the Statutory Auditors' Report and Secretarial Audit Report have qualifications. Separately, the Company Secretary and Compliance Officer, Mr. Umesh Jayantilal Mistry, was unable to attend the meeting.
Voting
Voting was conducted electronically through the CDSL system, before and during the meeting. M/s. Vishakha Agrawal & Associates, Practicing Company Secretary, was appointed Scrutinizer. The results, with the Scrutinizer's report, are to be disclosed to the stock exchanges and on the company's website by 1st October, 2026.
How to read this
This is a record of the business transacted at the AGM. The outcome of each resolution depends on the voting results yet to be disclosed. The mention of qualifications in both the statutory audit and secretarial audit reports is the item shareholders may wish to examine in the annual report. The Section 185, 186 and 188 approvals relate to the company's ability to lend, guarantee, invest and transact with related parties, and the FPI/FII item relates to the room available for foreign investors.
More numbers
- Total shareholders on cut-off date21,466
- Promoter & Promoter Group present1
- Public shareholders present52
- Proposed FPI/FII combined shareholding limit49%
- Number of resolutions put to vote10
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.