MIHIKA : PROPOSES RIGHTS ISSUE WORTH RS 8.55 CR

• Up to 9 crore partly paid-up equity shares of face value ₹10 each at ₹10 per share • Rights ratio 9:1; record date November 6, 2026 • Issue opens November 19, 2026 and closes December 4, 2026 • ₹2.50 payable on application; balance ₹7.50 in three calls of ₹2.50 each • Objects: up to ₹80.65 Cr working capital and ₹8.55 Cr general corporate purposes • Promoter may not subscribe to its rights entitlement in full and may renounce on the exchange Impact: Neutral (working-capital funding but large 9:1 dilution; promoter non-subscription may weigh)

Mihika Industries Ltd

Open attachment

← Back to feed