Mihika Industries Ltd — Important, 17-07-2026: Company Update

Mihika Industries' board has approved a significant increase in its authorized share capital, from Rs. 10 Crore to Rs. 100 Crore, pending shareholder approval. The company also approved raising up to Rs. 90 Crore through a Rights Issue to eligible equity shareholders, with further details to follow from a dedicated committee. Additionally, the board appointed three new Non-Executive Independent Directors—Ms. Pooja Sarkar, Ms. Shruti, and Mr. Sudhanshu Shekhar—for five-year terms, pending shareholder approval, while Mr. Saurabh and Ms. Reema Magotra resigned. These changes led to the reconstitution of the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees.