Mihika Industries Approves Rights Issue Payment Schedule

Mihika Industries Ltd's Board of Directors met on November 02, 2026, to approve the payment schedule for its rights issue. The rights issue aims to raise up to ₹390.00 crore through partly paid-up equity shares. The payment will be made in three calls, with the first call of ₹2.50 per share due between January 11-21, 2027, the second call of ₹2.50 per share between February 19 and March 02, 2027, and the third and final call of ₹2.50 per share between April 01-12, 2027. The Board also approved the Letter of Offer for filing with SEBI and BSE. The rights issue period will commence on November 19, 2026.