Rights Issue2 Nov 2026, 08:00 pm
Mihika Industries Sets Nov 6 as Record Date for Rights Issue
AI Summary
Mihika Industries Limited has announced November 6, 2026, as the record date for its upcoming rights issue. The company plans to raise up to ₹90.00 crore by issuing partly paid-up equity shares at ₹10.00 each. This rights issue aims to increase the total number of outstanding equity shares from 1,00,00,000 to 10,00,00,000, assuming full subscription. Eligible shareholders will receive 9 rights equity shares for every 1 fully paid-up equity share held on the record date. The rights entitlement ratio is 9:1.
Key Highlights
- Record date for rights issue set as November 6, 2026.
- Company aims to raise ₹90.00 crore via rights issue.
- Issue price fixed at ₹10.00 per partly paid-up equity share.
- Rights entitlement ratio is 9 shares for every 1 held.
- Total shares to increase significantly post-issue.
Price Impact
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