MIMihika Industries538895Rights issue announcement

Rights Issue Committee meeting on November 02 to fix price, entitlement ratio and record date

Mihika Industries has scheduled a meeting of its Rights Issue Committee on Monday, November 02, 2026.

By ScoutQuest · Wed 28 Oct 2026, 7:07 PM IST · 2 min read

Committee meeting date

Monday, November 02, 2026

Rights issue amount

not exceeding ₹ 90.00 crores

Trading window closure

from Monday, October 26, 2026 till 48 hours after the meeting

What the company has informed the exchange

A meeting of the Rights Issue Committee of the Board of Mihika Industries Limited will be held on Monday, November 02, 2026. The intimation has been shared with BSE under the listing regulations.

• The committee will consider, discuss and decide various matters in connection with the rights issue.
• This includes the specific terms: the rights issue price and the related payment mechanism, the rights entitlement ratio, the record date and the timing of the issue.

The rights issue already approved

The update refers back to an earlier intimation on the outcome of a Board meeting, where the issue of partly paid-up equity shares of face value of ₹10 each was approved by way of a rights issue.

• The shares are to be issued for an amount not exceeding ₹ 90.00 crores.
• The instrument is described as partly paid-up equity shares, meaning the shares carry a structure where the amount is paid in parts as set out in the issue terms.

Why the November 02 meeting matters

A rights issue is offered to existing shareholders, usually in proportion to their holding. The committee meeting is where the commercial terms of that offer take shape.

• The price decides how much a shareholder pays per rights share.
• The entitlement ratio decides how many rights shares a shareholder is entitled to for the shares already held.
• The record date fixes which shareholders are eligible to receive the entitlement.
• The timing sets when the issue opens and closes.

Until the committee decides these, the terms on which shareholders can participate are not yet fixed by the company.

Trading window

Under the company's Code of Conduct for Prevention of Insider Trading, directors, designated persons and their immediate relatives have been told that the trading window for dealing in the company's equity shares is closed from Monday, October 26, 2026 till the expiry of 48 hours after the conclusion of the board meeting.

How to read this as a shareholder

This is a scheduling notice, not the terms of the offer. It tells you when the terms are expected to be decided, not what they will be. The figures that will actually matter for a shareholder's decision are the price per rights share, the ratio of new shares to existing holdings, the partly paid amounts and their due dates, and the record date. Those come from the committee's decision. The size of the intended raise, up to ₹ 90.00 crores, is the one firm figure available here, and it is stated as a ceiling rather than an exact amount.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev