Intimation of Annual General Meeting to be held on 29th September, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mihika Industries Ltd (BSE Code: 538895) has notified BSE about its 42nd Annual General Meeting to be held on Monday, 29th September 2025 at 3:00 PM through Video Conferencing (VC)/OAVM. The AGM covers ordinary business including adoption of FY25 audited financials and re-appointment of Mr. Parth Rajeshbhai Rupareliya (Non-Executive Director, retiring by rotation). Two special resolutions are on the agenda: (1) authorising the Board to sell/lease/dispose of the company's undertaking and create charges/mortgages under Section 180(1)(a) to secure borrowings, and (2) approving powers under Section 186 to give loans, guarantees, or make investments up to Rs. 1,000 Crores. The Board has not recommended any dividend for FY25 to conserve resources for growth. Remote e-voting runs from 26th to 28th September 2025, with the cut-off date set as 22nd September 2025.
Revenue jumped sharply from Rs. 620.46 Lakhs to Rs. 3,473.83 Lakhs, but net profit fell to Rs. 5.46 Lakhs (from Rs. 17.68 Lakhs), and EPS dropped to Rs. 0.05 from Rs. 0.18 — margins remain thin despite top-line growth. The Rs. 1,000 Crore investment/loan authorisation is a very large ceiling relative to the company's Rs. 10 Crore paid-up capital and small balance sheet, signalling potential major fundraising or investment activity ahead that shareholders should watch closely.