Mihika Industries Approves Rights Issue, Capital Increase

Mihika Industries Ltd's Board of Directors met on July 17, 2026, approving a significant increase in authorized share capital from ₹10 Crores to ₹100 Crores. The company also greenlit a proposal to raise up to ₹90 Crores through a Rights Issue, with the "Right Issue Committee" authorized to finalize terms. Additionally, the Board approved the Director's Report for FY25-26 and scheduled the 43rd Annual General Meeting for September 1, 2026. Ms. Pooja Sarkar and Ms. Shruti were appointed as Additional Directors (Non-Executive Independent) for five years, subject to shareholder and regulatory approval.