Announced Fri, 17 Jul · 18:36 IST
Mihika Industries board approves Rs 90 crore rights issue, appoints 3 independent directors
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 on 17 July 2026 approved raising authorized capital from Rs 10 crore to Rs 100 crore and a rights issue of up to Rs 90 crore. Three new independent directors appointed for five years: Pooja Sarkar, Shruti, and Sudhanshu Shekhar. Two independent directors, Saurabh and Reema Magotra, resigned citing pre-occupancy. AGM scheduled for 1 September 2026. Key board committees reconstituted.
Likely market impact
Potential share dilution from Rs 90 crore rights issue; two independent directors resigned same day three were appointed, raising governance questions.