Rights Issue17 Jul 2026, 06:40 pm
Mihika Industries Approves Share Capital Increase & Rights Issue
AI Summary
Mihika Industries Ltd announced a significant increase in its authorized share capital from ₹10 Crores to ₹100 Crores. The Board also approved a proposal to raise funds up to ₹90 Crores through a Rights Issue, with the "Right Issue Committee" authorized to finalize terms. Additionally, the company announced the appointment of Ms. Pooja Sarkar and Ms. Shruti as Additional Directors (Non-Executive Independent) and scheduled its 43rd Annual General Meeting for September 1, 2026. The Board also approved the Director's Report for FY 2025-26.
Key Highlights
- Authorized share capital increased from ₹10 Cr to ₹100 Cr.
- Approved raising up to ₹90 Cr via Rights Issue.
- Appointed two new Non-Executive Independent Directors.
- 43rd AGM scheduled for September 1, 2026.
- Director's Report for FY 2025-26 approved.
Price Impact
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