Mihika Industries approved raising funds up to ₹90 crore through a rights issue and increased its authorized share capital tenfold to support the expansion. The board meeting held on July 17, 2026, sanctioned the issuance of equity shares on a rights basis to eligible shareholders, subject to regulatory approvals. The company also altered its capital clause to increase authorized capital from ₹10 crore to ₹100 crore.

The board approved the raising of funds through the issuance and allotment of equity shares with a face value of ₹10 each. The aggregate amount shall not exceed ₹90 crore. The record date for determining eligibility will be notified later. The Rights Issue Committee was authorized to finalize terms and conditions.

company name appointed Ms. Pooja Sarkar, Ms. Shruti, and Mr. Sudhanshu Shekhar as Additional Non-Executive Independent Directors effective July 17, 2026, for five years. These appointments are subject to shareholder approval at the ensuing Annual General Meeting. Simultaneously, Mr. Saurabh and Ms. Reema Magotra resigned from their positions as Additional Non-Executive Independent Directors effective July 17, 2026, citing pre-occupancy.

The board reconstituted key committees following the changes. Mr. Sudhanshu Shekhar was appointed Chairperson of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Board Committee Composition

The board approved the Director's Report for the financial year 2025-26 and convened the 43rd Annual General Meeting for September 1, 2026, at 3:00 PM IST via video conferencing.

Mihika Industries Limited has scheduled a board meeting for July 17, 2026, to deliberate on increasing its authorized share capital and altering the Memorandum of Association. The meeting, to be held at the company's corporate office in Ahmedabad, will also consider proposals for raising funds through permissible modes such as a rights issue, preferential issue, Qualified Institutions Placement (QIP), private placement, or issue of convertible securities.

The board will discuss the date, time, and venue for the Annual General Meeting (AGM). This includes determining the cut-off date, book closure, record date, and e-voting schedule. The meeting is being convened pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for Board Meeting

The key items on the agenda for the meeting include:

• Consider and approve the increase in authorized share capital and consequent alteration in clause V of the Memorandum of Association.
• Consider proposals for raising funds via rights issue, preferential issue, QIP, private placement, or convertible securities.
• Approve the logistics for the AGM, including the notice, Board's Report, and record dates.

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons will remain closed if applicable during this period.