Announced Fri, 17 Jul · 18:34 IST
Board okays Rs 90 Cr rights issue, 3 new independent directors, 2 resignations
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-10.0%1-day move
₹14.45
prior close
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base price
After-mkt
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AI summary
Mihika Industries board approved raising authorized capital from Rs 10 Cr to Rs 100 Cr and a rights issue of up to Rs 90 Cr. Three new non-executive independent directors appointed: Ms. Pooja Sarkar, Ms. Shruti, and Mr. Sudhanshu Shekhar for five-year terms. Two independent directors, Mr. Saurabh and Ms. Reema Magotra, resigned citing pre-occupancy. Audit, NRC, and Stakeholders committees reconstituted with new members. 43rd AGM scheduled for September 1, 2026 via video conferencing.
Likely market impact
Rights issue may dilute existing shareholders. Three new independent directors strengthen board governance and oversight.