Mihika Industries to raise up to ₹90 Cr via Rights Issue

Mihika Industries Ltd announced that its Board of Directors, in a meeting held on July 17, 2026, approved a proposal to raise funds up to ₹90 Crore through a Rights Issue. The company also approved an increase in its Authorized Share Capital from ₹10 Crores to ₹100 Crores. Additionally, the Board approved the Director's Report for FY26, scheduled the 43rd Annual General Meeting for September 1, 2026, and appointed Ms. Pooja Sarkar and Ms. Shruti as Additional Directors (Non-Executive Independent). The Rights Issue Committee has been authorized to finalize the terms and conditions of the upcoming issuance.