Rights Issue17 Jul 2026, 06:40 pm
Mihika Industries Plans ₹90 Cr Rights Issue
AI Summary
Mihika Industries Ltd's Board of Directors has approved a proposal to raise up to ₹90 Crore through a Rights Issue. The company also plans to increase its authorized share capital from ₹10 Crore to ₹100 Crore. The Board has authorized a 'Right Issue Committee' to finalize the terms and conditions of the issue. Additionally, the company announced the appointment of two new Non-Executive Independent Directors and approved the Director's Report for FY25-26. The 43rd Annual General Meeting is scheduled for September 1, 2026.
Key Highlights
- Mihika Industries to raise ₹90 Crore via Rights Issue.
- Authorized share capital to increase from ₹10 Cr to ₹100 Cr.
- Board forms 'Right Issue Committee' for issue finalization.
- Two new Non-Executive Independent Directors appointed.
- 43rd AGM scheduled for September 1, 2026.
Price Impact
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