Mish Designs Ltd

Target overview

• Target: I'DESIGN Fashions Private Limited, engaged in manufacture and retail of wearing apparel in India.
• Incorporation date: 05 April 2021; authorized capital Rs 1,00,000.
• Turnover history: not generated any turnover to date.
• Acquisition is a related party transaction; target to become Mish Designs subsidiary.
• Industry: manufacture and retail of wearing apparel (non-fur).
• Strategic rationale: expand operations, drive growth, and increase market share.
• Regulatory approvals: not applicable.
• Completion plan: allotment of 2,03,258 equity shares at Rs10 each.
• Consideration: cash; price per share Rs10; total shares 2,03,258.
• Shareholding acquired: 59.78%.
• Date of acquisition: 24 August 2026.

Capital actions

• Board approved preferential allotment of 2,63,160 equity shares at Rs 57 per share.
• Board approved 2,45,615 warrants convertible into equity shares at Rs 57 per warrant.
• Total consideration: Rs 1,50,00,120 for equity shares; Rs 35,00,013.75 for warrants.
• Warrants: 25% of issue price received upfront; 75% due on conversion within 18 months.
• Equity allotments to investors: Kaushal Goenka 87,720; Dhaval Parikh 43,860; Nihir Parikh 43,860; Tapan Shah 87,720.
• Warrant allotments to investors: Bhawna Goenka 1,57,895; Tapan Shah 87,720.
• Total investors post-allotment: five.
• Issuance type: Preferential issue under ICDR Regulations.
• Warrants convert into equal number of equity shares at exercise within 18 months.
• Issue price/terms: Rs 57 per equity share and per warrant.

Dematerialisation/rematerialisation details furnished to exchanges

• Details of dematerialised/rematerialised securities were furnished to all stock exchanges.

Retail Expansion

• Mish Designs opened a new exclusive brand outlet at Citadel, Phoenix Mall, Indore
• This is the company’s third standalone store after Pune and Raipur
• The new store supports Mish Designs’ offline retail expansion strategy
• The Indore outlet targets emerging fashion-forward markets
• Store features latest collections catering to modern Indian women

Business Strategy

• Mish Designs aims to build a robust omnichannel presence
• The brand continues expanding across leading online marketplaces nationwide

Company Overview

• Mish Designs has sold over 250,000 products online since FY 2017-18
• Operates multiple brands including MISH, CURVES BY MISH, and exports ZOEY to UAE
• Manufacturing unit spans 10,000 sq. ft. with a team of 54 employees
• Offers over 1,000 designs across various women’s apparel categories