Board approves Rights Issue of up to Rs 90 crore

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Price reactionminutes from the announcement price · days from the prior close

-5.3%Reaction day

₹14.45

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-5.9% vs market

Trading & Distributors peers, median of 132sector+0.0%-5.3% vs sector

On the reaction day the stock moved 5.9 pts less than Nifty Microcap 250 and 5.3 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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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.