Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
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Mihika Industries' board, at a meeting on February 2, 2026, approved several leadership changes effective the same day. Mr. Saurabh and Ms. Reema Magotra were appointed as Additional Non-Executive and Independent Directors, Mr. Yagnik Prajapati as Additional Non-Executive Director, and Mr. Bipinbhai Prajapati (the existing Managing Director) was additionally appointed as Chief Financial Officer. The board also accepted the resignations of Ms. Sweta Panchal (Independent Director) and Mr. Parth Rupareliya (Non-Executive Director and CFO), all citing personal reasons. The Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee were all reconstituted with the new directors, with Mr. Saurabh chairing all three. No other material reasons for the resignations were stated.
This is a routine governance reshuffle with simultaneous exits and appointments on the same day, ensuring no vacancies. Shareholders should note the new CFO is the same person as the Managing Director, and the Audit Committee now has only one independent member alongside an executive director, which may be relevant for governance review. Short-term stock impact is likely neutral.