Srujan Alpha Capital Advisors LLP ("Manager to the Open Offer") has submitted to BSE a copy of Public Announcement for the attention of the Public Shareholders of Mitshi India Ltd under ....

‘x SRUJAN ALPHA CAPITAL ADVISORS Adding Alpha to Value Date: July 23, 2026 The Manager BSE Limited P. J. Towers, Dalal Street, Mumbai - 400001 Dear Sir/ Ma’am, Sub: Open offer to acquire up to 22,88,000 representing 26% of the total voting share capital of Mitshi India Limited (the “Target Company”) by Mr. Karronn Naresh Bajaj (“Acquirer”) at a price of T15/- per fully paid up shares ‘We would like to inform you that Mr. Karronn Naresh Bajaj (“Acquirer”) has announced an Open Offer for acquisition up to 22,88,000 (Twenty Two Lakh Eighty Eight Thousand) fully paid-up equity shares of face value of 10/~ (Rupees Ten Only) each (“Equity Shares™), representing 26% of the total equity and voting share capital of Mitshi India Limited (“Target company”) on a fully diluted basis (“Equity and voting share capital”), from the Public Shareholders of the Target company for cash at a price of 15/- (Rupees Fifteen only) per Equity Share (“Offer Price”). The Open Offer is being made pursuant to and in compliance with Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 and subsequent amendments thereto (the “SEBI (SAST) Regulations”) In accordance with the provisions of Regulation 12 (1) of the SEBI (SAST) Regulations, we, Srujan Alpha Capital Advisors LLP, have been appointed as the Manager to the Open Offer (“Manager to the Open Offer”) and as required under Regulation 14(1) of the SEBI (SAST) Regulations We are enclosing herewith a copy of the Public Announcement dated July 23, 2026 in relation to the Open Offer submitted to Securities and Exchange Board of India and the Target Company. ‘We request you to kindly upload the Public Announcement on your website. Thanking you, For Srujan Alpha Capital Advisors LLP Namrata Joshi Authorized Signatory Encl: As above SRUJAN ALPHA CAPITAL ADVISORS LLP | Corp. Off.: 1814/1815, 9, Business Bay, Mindspace, Chincholi Bunder Road, SEBI Reg. Cat. | Merchant Banker 4M 0a 5l ,a Cd r y( sW te as lt ) M, a lM lu ,m Sb aa wi a i4 0 J0 ai0 6 S4 i, n gM ha h Ha ir ga hs wh at yr ,a . B ani Park, Jaipur - 302 016 | w Lw Lw P. s Idr eu nj ta ifn ia cl ap tih oa n. c Noo .m : AAW-1680 Merchant Banking | Valuation | Corporate Advisory | Regd. Off. : 1124, 1st Floor, Arun Bazar, S. V. Road, Malad (W), Mumbai - 400 064 SEBI Registration No.: INM000012829 PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF MITSHI INDIA LIMITED UNDER REGULATION 4 READ WITH REGULATION 13, 14 AND 15(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AND SUBSEQUENT AMENDED THEREOF. FOR ATTENTION OF PUBLIC SHAREHOLDERS MITSHI INDIA LIMITED CIN: L91100MH1990PLC057373 Regd. Office: 204 B-Wing, Master Mind III, E Building Aarey Milk Colony, Aarcymilk Colony, Mumbai, Goregaon East, Maharashtra, India, 400065 Tel. No: 9870020305, E-mail Id: mitshi.india@gmail.com; Website: www.mitshi.in OPEN OFFER (THE “OFFER”) FOR ACQUISITION OF UP TO 22,88,000 (TWENTY TWO LAKH EIGHTY EIGHT THOUSAND) FULLY PAID- UP EQUITY SHARES OF FACE VALUE OF 10/- EACH (THE “EQUITY SHARES”) OF MITSHI INDIA LIMITED (THE “TARGET COMPANY”) REPRESENTING 26.00% OF THE TOTAL VOTING SHARE CAPITAL (AS DEFINED BELOW) BY MR. KARRONN NARESH BAJAJ (“HEREIN AFTER REFERRED TO AS THE ACQUIRER”), PURSUANT TO AND IN COMPLIANCE WITH REGULATION 4 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AND SUBSEQUENT AMENDMENTS THEREOF (THE “SEBI (SAST) REGULATIONS” AND REFERENCE TO A PARTICULAR “REGULATION” SHALL MEAN THE PARTICULAR REGULATION OF THE SEBI (SAST) REGULATIONS) (THE “OFFER” OR “OPEN OFFER”). This Public Announcement (“PA” or “Public Announcement”) is being issued by Srujan Alpha Capital Advisors LLP (“Manager to the Offer”) for and on behalf of the Acquirer to the Public Shareholders (as defined below) of the Target Company pursuant to and in compliance with Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendments thereto (“SEBI (SAST) Regulations™). 1. DEFINITIONS 1.1. “Acquirer” means Mr. Karronn Naresh Bajaj. 12. “Equity Shares” means 88,00,000 (Eighty Eight Lakh) fully paid-up Equity Shares of face value of 210/~ (Rupees Ten only) each of the Target Company. 1.3. “Open Offer Shares” means 22,88,000 (Twenty Two Lakh Eighty Eight Thousand) Equity Shares of face value of 210/- (Rupees Ten only) each constituting 26.00% of the Total Voting Capital of the Target Company. 1.4, “Public Shareholders” shall mean all the equity shareholders of the Target Company who are eligible to tender their Equity Shares in the Offer, other than the Acquirer and the parties to the Share Purchase Agreement (defined below), in compliance with the provisions of Regulation 7(6) of the SEBI (SAST) Regulations. 1.5. “SEBI” means the Securities and Exchange Board of India. 1.6. “SEBI (SAST) Regulations” means Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. 1.7. “Sellers” “Selling Shareholders” shall mean the Promoter Sellers or Selling Shareholders viz, Mr. Kumar V Shah and Mrs. Deepa Kumar Shah promoters of the Target Company, who have entered into the SPA (as defined below) to sell their entire shareholding constituting 15.57% of the Total Voting Share Capital of the Target Company. 1.8. “Share Purchase Agreement” or “SPA” means the Share Purchase Agreement dated July 23, 2026 executed between the Acquirer and the Sellers, pursuant to which the Acquirer has agreed to acquire 13,70,070 (Thirteen Lakh Seventy Thousand Seventy) Equity Shares of face value 210/ (Rupees Ten Only) of the Target Company consisting 15.57% of the Total Voting Share Capital of the Target Company at a price of Z15/- (Rupees Fifteen Only) per Equity Share. 1.9. “Stock Exchange” means the BSE Limited (“BSE”) 1.10. “Target Company” or “MITSHI” means Mitshi India Limited. L11. “Tendering Period” means the period of 10 (ten) Working Days during which the Public Shareholders may tender their Equity Shares in acceptance of the Offer, which shall be disclosed in the Letter of Offer. 1.12. “Total Voting Share Capital” means the total voting equity share capital of the Target Company on a fully diluted basis as of the tenth (10™) working day from the closure of the Tendering Period (“TP”) of the Offer. 113 “Working Day” shall mean any working day of the Securities and Exchange Board of India (“SEBI”). 2. OFFER DETAILS: Offer Size: The Acquirer hereby make this Open Offer to the Public Shareholders of the Target Company to acquire up to 22,88,000 (Twenty Two Lakh Eighty Eight Thousand) Equity Shares of face value of Z10/- (Rupees Ten only) (“Equity Shares”) representing 26.00% (Twenty six per cent) of the Total Voting Share Capital, subject to the terms and conditions mentioned in this Public Announcement, the Detailed Public Statement (“DPS”) and the Letter of Offer (“LOF™) to be issued in accordance with the SEBI (SAST) Regulations, subject to statutory approvals, if any and satisfaction of certain other conditions precedent specified in the Share Purchase Agreement (unless waived in accordance with the Share Purchase Agreement). Offer Price /| The Open Offer is being made at a price of 215/~ (Rupees Fifteen Only) per Equity Share. The Equity Shares of the Target Company Consideration (in | are infrequently traded within the meaning of Regulation 2(1)(j) of the SEBI (SAST) Regulations. The Offer Price has been determined 3): in accordance with the provisions of Regulation 8 of the SEBI (SAST) Regulations. Assuming full subscription under this Open Offer, the aggregate consideration payable to Public Shareholders in accordance with SEBI (SAST) Regulations, shall be %3,43,20,000/- (Rupees Three Crore Forty Three Lakh Twenty Theusand Only). Mode of payment | The Offer Price will be paid i [Showing first 8,000 characters — download PDF for full document]