Can minority shareholders in Mexico force an audit and call a meeting after the directors refuse to share financials?

Yes, you are dealing with a classic minority shareholder rights situation under Mexican corporate law. All will depend on whether your company is an S.A. de C.V. or a S.R.L. de C.V., but the applicable Mexican law, LGSM, provides you with legal tools, especially at 15% ownership, which is a key threshold. Under this law LGSM,, the 10% shareholders, may demand access to financial information statements, accounting records, and contracts. Review of corporate books, any denial reinforces the possible legal claims, and yes, you can formally call a board or administrator meeting. Steps and action plans require formal revision of documents and conversations with the interested party. Feel free to contact us for further assitance. Ojeda y Caro S.C