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

Mihika Industries' board has increased its authorized share capital from Rs. 10 Cr to Rs. 100 Cr, pending shareholder approval. The company also approved raising up to Rs. 90 Cr through a rights issue of equity shares. Additionally, three new Independent Directors—Ms. Pooja Sarkar, Ms. Shruti, and Mr. Sudhanshu Shekhar—were appointed, while Mr. Saurabh and Ms. Reema Magotra resigned. This led to the reconstitution of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, enhancing corporate governance. An Annual General Meeting will be convened to seek shareholder approvals for these changes.