Board okays Rs 90 Cr rights issue, 3 new independent directors, 2 resignations

Multiple Ind Directors ResignedManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-5.3%Reaction day

₹14.45

prior close

—

announcement price

After-mkt

timing

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.3+0.6-5.9+0.0-5.3

Next day

-10.0+0.9-11.0+0.0-10.0

-5.8-0.2-5.6-0.5-5.3

-10.6-0.9-9.7-0.9-9.7

-10.6-0.5-10.1-0.3-10.3

-11.4+0.8-12.2-0.1-11.3

-28.8-0.0-28.8+0.0-28.8

15d

-28.0+3.9-32.0+1.1-29.2

-30.0+4.8-34.8-0.1-29.8

-20.8+5.1-26.0-1.7-19.1

-16.1-1.6-14.4-6.0-10.1

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 132Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.