Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors ('IDC') on the Open Offer to the Shareholders ....

MITSHI INDIA LIMITED (Formerly known as Dera Paints & Chemical Limited) CIN: L91100MH1990PLC057373 Registered Office: 204 B-Wing, Master Mind III, E Building Aarey Milk Colony, Aareymilk Colony, Mumbai, Goregaon East, Maharashtra, India, 400065, Email ID- admin@mitshi.in | Contact: 7770009993 | Website: www.mitshi.in Recommendations of the Committee of Independent Directors (“IDC”) on the Open Offer by Mr. Karronn Naresh Bajaj (“Acquirer”) to the Shareholders of Mitshi India Limited (“Mitshi” or “the Target Company”) under Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”). To the best of our knowledge and belief, after making proper enquiry, the information contained in or accompanying this statement is, in all material respect, true and correct and not misleading, whether by omission of any information or otherwise, and includes all the information required to be disclosed by the Company under the SEBI (SAST) Regulations. Capitalized terms used in this announcement, but not defined, shall have the same meaning assigned to them in the PA, DPS and LOF. For Mitshi India Limited Sd/- Mr. Gurdeep Singh Place: Mumbai Chairman - Committee of Independent Directors Date: August 27, 2026 DIN: 11743371