Outcome and Summary of the Annual General Meeting held on 29th September, 2025.
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Mihika Industries held its 42nd AGM on 29th September 2025 via video conferencing, chaired by Managing Director Mr. Aakash Prakash Shah. The meeting ran from 3:00 PM to 3:11 PM and covered four resolutions. Two were ordinary resolutions: adoption of the audited financial statements for FY ending 31st March 2025, and re-appointment of Mr. Parth Rajeshbhai Rupareliya (DIN: 10703133) as a director retiring by rotation. Two were special resolutions: one authorising the company to sell, lease or otherwise dispose of the whole or substantially whole of the company's undertaking(s), and another granting powers under Section 186 of the Companies Act, 2013 (relating to loans, investments and guarantees beyond prescribed limits). E-voting results were to be announced within two working days and intimated to the stock exchange.
The two special resolutions are noteworthy for shareholders — the asset disposal authorisation could indicate a possible restructuring or sale of business undertaking, and the Section 186 power allows the company to extend loans, guarantees or make investments beyond statutory thresholds. Both carry material implications depending on how the company chooses to exercise them.