Announced Fri, 17 Jul · 18:39 IST
Board approves Rights Issue of up to Rs 90 crore
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-10.0%1-day move
₹14.45
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AI summary
Mihika Industries board approved raising up to Rs 90 crore through a Rights Issue of equity shares to existing shareholders. Authorized share capital increased from Rs 10 crore to Rs 100 crore to accommodate the issue. Issue price and record date will be decided later by the Rights Issue Committee. Also appointed 3 independent directors, accepted 2 resignations, and fixed AGM for Sept 1, 2026.
Likely market impact
Dilutive for existing shareholders; they will need to subscribe to maintain their stake. Final issue price and record date are still awaited.