Resignation of Independent Directors of the Company

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- mitshi.india@gmail.com | Website: www.mitshi.in | Tel.:9870020305 Date: 22/07/2026 BSE Limited, Phiroz Jeejeebhoy Tower, Dalal Street, Mumbai-400001, Maharashtra, India Reference: ISIN – INE844D01017; Scrip Code: 523782; Symbol- MITSHI Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations, 2015”), and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, this is to inform you that Board of Directors of the Company has passed a resolution in its meeting held on 22nd July, 2026 approving, inter alia, the following matter: 1. Board received the Resignation of Mrs. Bijal Yogesh Durgavale (DIN- 07403891) on 22nd July, 2026 and board considered and accepted the Resignation of Mrs. Bijal Yogesh Durgavale (DIN- 07403891) from the post of Additional Non-Executive Independent Director of the company with effect from Close of Business hours of 22nd July, 2026. 2. Board received the Resignation of Mrs. Sheetal Bhavin Nagda (DIN- 07179841) on 22nd July, 2026 and board considered and accepted the Resignation of Mrs. Sheetal Bhavin Nagda (DIN- 07179841) from the post of Additional Non-Executive Independent Director of the company with effect from Close of Business hours of 22nd July, 2026. The relevant details as required under Regulation 30 read with Schedule III — Para A of Part A of the SEBI Listing Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 13th July 2023 and SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is provided in Annexure I and II. The resignation letter received from Mrs. Bijal Yogesh Durgavale and Mrs. Sheetal Bhavin Nagda are also enclosed. 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- mitshi.india@gmail.com | Website: www.mitshi.in | Tel.:9870020305 The Board of Directors of the Company has noted the same and placed on record its sincere appreciation for the contribution made by Mrs. Bijal Yogesh Durgavale and Mrs. Sheetal Bhavin Nagda during their tenure as a Board Member with the Company. Yours truly, For Mitshi India Limited Vicky Mahendra Anjaria Additional Non-Executive Non Independent Director DIN: 11705357 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- mitshi.india@gmail.com | Website: www.mitshi.in | Tel.:9870020305 ANNEXURE I: Details under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. SEBI/HO/CFD/CFD- PoD1/P/CIR/2023/123 dated 13th July 2023 and SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sr. Disclosure Requirement Details 1 Reason for change viz. resignation Mrs. Bijal Yogesh Durgavale (DIN- 07403891) is resigning as Additional Non-Executive Independent Director due to other professional commitments. 2 Date of cessation Close of business hour of 22nd July, 2026 3 Name of the listed entities in which Directorship resigning director holds 1. HCKK Ventures Limited –Independent directorship including category of Director directorship and membership of committee, if any Membership in Committee  Audit Committee  Member- HCKK Ventures Limited  Nomination and Remuneration Committee  Member- HCKK Ventures Limited  Stakeholder Relationship Committee  Member- HCKK Ventures Limited 4 Brief Profile (In case of N.A. appointment) 5 Disclosure of Relationship between N.A. Directors {in case of appointment 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- mitshi.india@gmail.com | Website: www.mitshi.in | Tel.:9870020305 of Director) 6 The director shall, along with the Mrs. Bijal Yogesh Durgavale has confirmed detailed reasons, also provide a that there are no material reasons for his confirmation that there is no other resignation other than those mentioned in his material reasons other than those resignation letter. provided. 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- mitshi.india@gmail.com | Website: www.mitshi.in | Tel.:9870020305 ANNEXURE II: Details under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. SEBI/HO/CFD/CFD- PoD1/P/CIR/2023/123 dated 13th July 2023 and SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sr. Disclosure Requirement Details 1 Reason for change viz. resignation Mrs. Sheetal Bhavin Nagda (DIN- 07179841) is resigning as Additional Non-Executive Independent Director due to other professional commitments. 2 Date of cessation Close of business hour of 22nd July, 2026 3 Name of the listed entities in which Directorship resigning director holds 1. Oriental Rail Infrastructure Limited – directorship including category of Independent Director directorship and membership of 2. Azad India Mobility Limited- committee, if any Independent Director Membership in Committee  Audit Committee  Member- Azad India Mobility Limited  Nomination and Remuneration Committee  Member- Oriental Rail Infrastructure Limited  Member- Azad India Mobility Limited  Stakeholder Relationship Committee  Member- Azad India Mobility Limited  CSR Committee  Member- Oriental Rail Infrastructure Limited 4 Brief Profile (In case of N.A. appointment) 5 Disclosure of Relationship between N.A. Directors {in case of appointment of Director) 6 The director shall, along with the Mrs. Sheetal Bhavin Nagda has confirmed that 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- mitshi.india@gmail.com | Website: www.mitshi.in | Tel.:9870020305 detailed reasons, also provide a there are no material reasons for his resignation confirmation that there is no other other than those mentioned in his resignation material reasons other than those letter. provided. Date: 22.07.2026 TheB oard of Directors, Mitshi India Limited 204 B-Wing, Master Mind III, E Building Aarey Milk Colony, Mumbai, Goregaon East, Maharashtra, India, 400065 Sub: Resignation from the position of Additional Non-Executive Independent Director of the Company. Dear Board Member, With reference to the subject captioned above, I would like to inform you that due to my other professionalc ommitments, Iw ill not be able to devote my time to the Companies affairs, therefore Ta m not in a position to carry on the functioning as an Additional Non-Executive Independent Director of the Company, henceI tender my resignation from the post of Additional Non-Executive Independent Director from the Board of the Company with effect fro [Showing first 8,000 characters — download PDF for full document]