Mihika Industries Limited issued a regulatory disclosure regarding the outcome of the Rights Issue Committee meeting held on November 02, 2026. This communication serves as prior intimation of the Record Date for the Company's Rights Issue, in compliance with Regulations 30 and 42(2) of the SEBI Listing Regulations.
The disclosure follows the Board of Directors' approval on October 28, 2026, for the issuance of partly paid-up equity shares through a rights issue not exceeding ₹90.00 crore. The Company received in-principle approval from BSE Limited for the proposed Rights Issue on October 28, 2026.
Key Terms of the Rights Issue Approved by the Committee:
- Instrument: Partly paid-up equity shares of face value ₹10 each
- Total Issue Size: 9,00,00,000 Rights Equity Shares aggregating to ₹90.00 crores (assuming full subscription and payment of call monies)
- Issue Price: ₹10.00 per Rights Equity Share (including a premium of ₹0.00)
- Record Date: Friday, November 06, 2026
- Rights Entitlement Ratio: 9 Rights Equity Shares for every 1 fully paid-up Equity Share held on the record date
- ISIN for Rights Entitlement: INE779Q20017
Share Capital Impact:
- Pre-Rights Issue Equity Shares: 1,00,00,000 equity shares
- Post-Rights Issue Equity Shares: 10,00,00,000 equity shares (assuming full subscription and payment of call monies)
Additional Details:
- Other terms of the Rights Issue, including fractional entitlements, will be included in the Letter of Offer to be filed by the Company
- The Committee meeting commenced at 07:00 p.m. and concluded at 07:30 p.m. on November 02, 2026
- The disclosure is signed by Bipinbhai Becharbhai Prajapati, Managing Director (DIN: 11000222)