Mihika Industries board to consider fund raise on July 17

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-13.69%	-13.40%	-0.62%	-35.21%	-36.98%

mihika industries has appointed M/s. Sarang Shivajirao Chavan and Associates as its internal auditor for the financial year 2026-27. The appointment is effective from June 23, 2026. The firm has been engaged to strengthen internal controls and ensure regulatory compliance.

Appointment Details

The decision was made in accordance with Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.

Particulars	Details
Name	M/s. Sarang Shivajirao Chavan and Associates (FRN: 159649W), Chartered Accountant, Ahmedabad
Designation	Internal Auditor
Reason for change	Appointment
Date of appointment	June 23, 2026

Auditor Profile

M/s. Sarang Shivajirao Chavan and Associates specializes in statutory audit, tax audit, internal audit, GST compliance, and direct and indirect taxation. The firm provides advisory services, company law matters, and due diligence to assist businesses in optimizing tax structures and making informed financial decisions.