Mihika Industries Limited has announced a significant board restructuring following its board meeting held on February 2, 2026, at the company's corporate office in Ahmedabad. The meeting, which commenced at 5:00 P.M. and concluded at 6:50 P.M., resulted in multiple key appointments and resignations that will reshape the company's leadership structure.

New Appointments Strengthen Board Composition

The board approved four strategic appointments effective February 2, 2026, bringing fresh expertise to the organization:

Mr. Saurabh brings extensive finance and accounting expertise with strong analytical and decision-making capabilities across diverse industries. Ms. Reema Magotra contributes her background as an accomplished education professional with leadership experience in organizational development. Mr. Yagnik Prajapati, a B.Com graduate, offers five years of hands-on experience in the agriculture sector with strong business operations exposure.

Leadership Transitions and Resignations

The board simultaneously accepted three resignations, all effective February 2, 2026, with departing members citing personal reasons:

Ms. Sweta Panchal, who served as an independent director, also holds directorship positions in MPF Systems Limited, Veronica Production Limited, and Kenrik Industries Limited. The company confirmed that all resigning members provided written confirmation that no material reasons exist for their departure beyond those stated in their resignation letters.

Committee Reconstitution Ensures Governance Continuity

The board changes necessitated complete reconstitution of all three statutory committees effective February 2, 2026. Mr. Saurabh has been appointed as chairperson across all committees, ensuring unified leadership:

Audit Committee:

• Mr. Saurabh (Chairperson) - Non-Executive Independent Director
• Mr. Bipinbhai Prajapati (Member) - Executive Director
• Ms. Reema Magotra (Member) - Non-Executive Independent Director

Stakeholders Relationship Committee and Nomination and Remuneration Committee:

• Mr. Saurabh (Chairperson) - Non-Executive Independent Director
• Mr. Yagnik Prajapati (Member) - Non-Executive Director
• Ms. Reema Magotra (Member) - Non-Executive Independent Director

CFO Transition Maintains Financial Leadership

The appointment of Mr. Bipinbhai Prajapati as Chief Financial Officer ensures continuity in financial leadership following Mr. Parth Rupareliya's departure. Mr. Bipinbhai Prajapati brings over three years of experience in administrative work and marketing of various commodity products, positioning him to support the company's financial operations and strategic initiatives.

The comprehensive board restructuring reflects Mihika Industries Limited's commitment to maintaining strong governance standards while bringing diverse expertise to guide the company's future direction. All appointments and resignations have been communicated to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mihika Industries Limited , a company listed on the Bombay Stock Exchange (BSE: 538895), has announced significant changes to its leadership structure, effective October 18, 2025. The company's board of directors approved these changes during a meeting held at its corporate office in Ahmedabad.

Key Leadership Changes

Transition Details

Mr. Aakash Prakash Shah, who has been serving as the Managing Director, will transition to the role of Non-Executive and Non-Independent Director. Mr. Shah brings approximately 16 years of experience in administrative work and marketing of commodity products to his new position.

Taking over as the new Managing Director is Mr. Bipinbhai Becharbhai Prajapati. Mr. Prajapati comes with more than 3 years of experience in the same field, specializing in administrative work and marketing of various commodity products.

Additional Information

• The board meeting commenced at 3:30 PM and concluded at 4:00 PM.
• Both Mr. Shah and Mr. Prajapati are not related to any other directors of the company.
• These changes have been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mihika Industries Limited has submitted the required details to the BSE Limited as per regulatory guidelines. The company's registered office is located in Kolkata, while its corporate office is situated in Ahmedabad, Gujarat.