43rd Annual Report

MIHIKA INDUSTRIES LIMITED (CIN: L70101WB1983PLC035638) Reg. Office- ASO- 432 on the 4th (Fourth) Floor at Rajarhat It Park Ltd, at Plot No- 2C/I, Action Area II C, RAJARHAT, New Town, Kolkata – 700161 Corp. Office: F-607, Titanium City Centre Near Sachin Tower, Satellite, Ahmedabad, Gujarat- 380 015 Website: www.mihika.co.in, Email: mihikainudstrieslimited@gmail.com Contact No.: +91 73836 25975 Date: BSE Limited, 10 August, 2026 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Dear Sir/MadamSu, bject: Submission of Annual Report for Financial Year 2025-26 Ref: Security Id: MIHIKA / Code: 538895 Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the 43 Annual General Meeting (“AGM”) of the Company to be held on Tuesday, 1 September, 2026 at 03:00 P.M. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Kindly take the same on your record and oblige us. FTohra,n Mkiinhgi kYao uIn. dustries Limited Bipinbhai Prajapati Managing Director DIN: 11000222 MIHIKA INDUSTRIES LIMITED 43RD ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-26 INDEX Sr. No. Particulars Page No. 1. Company Information 4 2. Notice of Annual General Meeting 5 3. Board’s Report 32 4. Annexure I – AOC-2 46 5. Annexure II – Management Discussion and Analysis Report 47 6. Annexure II – Secretarial Audit Report 51 7. Independent Auditor’s Report 58 8. Financial Statements for the Financial Year 2025-26 8(a) Balance Sheet 88 8(b) Statement of Profit and Loss 89 8(c) Cash Flow Statement 90 8(d) Notes to Financial Statement 91 COMPANY INFORMATION: Board of Directors Mr. Bipinbhai Becharbhai Prajapati Managing Director Mr. Yagnik Vasant Prajapati Non-Executive Director Ms. Pooja Sarkar Independent Director Ms. Shruti Independent Director Audit Committee Mr. Sudhanshu Shekhar Independent Director Mr. Sudhanshu Shekhar : Chairperson Ms. Shruti : Member Nomination and Mr. Bipinbhai Becharbhai Prajapati : Member Remuneration Committee Mr. Sudhanshu Shekhar : Chairperson Ms. Shruti : Member Stakeholders’ Mr. Yagnik Prajapati : Member Relationship Committee Mr. Sudhanshu Shekhar : Chairperson Ms. Shruti : Member Key Managerial Personnel Mr. Yagnik Prajapati : Member Mr. Bipinbhai Becharbhai Prajapati : Managing Director & CFO Statutory Auditor Ms. Umang Agrawal : Company Secretary Secretarial Auditor M/s. S K Bhavsar & Company, Chartered Accountants, Ahmedabad Share Transfer Agent M/s. Jay Pandya & Associates, Company Secretaries, Ahmedabad ABS Consultant Private Limited Stephen House, Room No. 99, 6 Floor, 4, B.D.D. Bag (East), Kolkata, Registered Office West Bengal – 700 001 ASO- 432 on the 4 (Fourth) Floor at Rajarhat It Park Ltd, at Plot No- 2C/I, Action Area II C, RAJARHAT, New Town, Kolkata, North 24 Corporate Office Parganas, North 24 Parganas, North 24 Parganas, West Bengal, India – 700 161 F-607, Titanium City Centre, Near Sachin Tower, Satellite, Jodhpur Char Rasta, Ahmedabad, Ahmadabad City, Gujarat, India – 380 015 NOTICE OF THE 43RD ANNUAL GENERAL MEETING (“AGM”) OF THE COMPANY: Notice “Mihika Industrierds Limited” is hereby given that the 43 Annual General Meeting (“AGM”) for the Financial Year 2025-26 of the Shareholders of (“the Company” or “MIHIKA”) will be held on Tuesday, 1 September, 2026 at 03:00 P.M. (IST), through Video Conferencing (“VC”) / Other Audio-Video Means (“OAVM”) to tOrRanDsIaNcAt tRhYe BfoUllSoIwNiEnSgS b: usinesses: 1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended on 31st March, 2026 and Statement of Profit and Loss together with the notes forming part thereof and Cash Flow Statement for the Financial Year ended on that date, and the reports of the Board of Directors (“The Board”) and Auditors thereon. Ordinary Resolution: To consider and if thought fit, to pass with or without modification(s) the following Resolution as an “RESOLVED THAT, the Audited Financial Statement of the Company for the Financial Year ended on 31 March, 2026 and the Report of the Directors and the Auditors thereon, placed before the Meeting, be and are 2. hTeor eabpyp ocoinnts iad edrierde catnodr aind oppltaecde. ”o f Mr. Bipinbhai Becharbhai Prajapati (DIN: 11000222) who is retiring by rotation and being eligible, offers himself for re-appointment: Ordinary Resolution To consider and if thought fit, to pass with or without modification(s) the following Resolution as an “RESOLVED THAT, : Mr. Bipinbhai Becharbhai Prajapati (DIN: 11000222), who retires by rotation from the Board of Directors pursuant to the provi”s ions of Section 152 of the Companies Act, 2013 and Articles of Association of the Company, and being eligible offers himself for re-appointment, be and is hereby re- 3. aTpop aopinptoeidn ats M th/es .D Kiraepcitlo Kr uofm thaer CAogmgaprawnya.l & Associates, Chartered Accountants, (FRN: 008174C), as the Statutory Auditor of the Company: Ordinary Resolution: T o consider and if thought fit, to pass with or without modification(s), the following Resolution as an “RESOLVED THAT, pursuant to the provisions of Section 139, 141, 142 and other applicable provisions, if any, of the Companies Act, 2013 (‘the Act”) read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification or re-enactment thereof) and pursuant to the recommendations of the Audit Committee and the Board of Directors, approval of the Members of the Company, be and is hereby accorded for the appointment of M/s. Kapil Kumar Aggarwal & Associates, Chartered Accountants, (FRN: 008174C), whose term, as per the provisions of Section 139(2) of the Companies Act, 2013, as Statutory Auditor of the Company, to hold office for 5 years i.e. from financial year 2026-27 to 2030-31, from the rd th conclusion of this 43 Annual General Meeting (AGM) till the conclusion of the 48 AGM of the ”C ompany to be held in the year 2031, at such remuneration plus service tax, out-of-pocket, travelling and living expenses, etc., as may be mutually agreed between the Board of Directors of the Company and the Auditors. SPECIAL BUSNIESS: 4. Increase in Authorised Share Capital and Alteration of the Capital clause in Memorandum of Association of the Company. Ordinary Resolution: To consider and if thought fit, to pass with or without modification(s) the following Resolution as an “RESOLVED THAT, pursuant to the provisions of Section 13, 61, 64 read with Rule 15 of the Companies (Share Capital and Debentures) Rules, 2014 and other applicable provisions, if any, of the Companies Act, 2013, (including any statutory modification(s) and re-enactment(s) thereof for the time being in force) and the rules framed thereunder, consent of the members be and is hereby accorded to increase the Authorised Equity Share Capital of the Company from the existing Rs. 10,00,00,000 (Rupees Ten Crores Only), divided into 1,00,00,000 (One Crore) Equity Shares of Rs. 10.00/- (Rupees Ten Only) each to Rs.” 100,00,00,000/- (Rupees One Hundred Crores Only), divided into 10,00,00,000 (Ten Crores) Equity Shares of Rs. 10.00/- (Rupees Ten O“RnElyS)O eLaVchE Dra FnUkiRnTg HpaErRi pTaHssAuT i,n all respect with the Existing Shares of the Company. the Memorandum of Association of the Company be altered in the following manVn.e Tr hi.ee. Authorised Share Capital of the Company is Rs. 100,00,00,000/- (Rupees One Hundred Crores Only) divided into 10,00,00,000 (Ten Crores) Equity Shares of Rs. 10.00/- (Rupees One Only) each. “RESOLVED FURTHER THAT, for the purpose of giving effect to this resolution, the Board of the Directors of the Company (hereinafter referred to as “Board” which term shall include a Committee thereof authorised for the purpose) be and is hereby authorised to take all such necessary steps and actions and give such directions as may be in its absolute discretion deemed necessary and to settle any question that may arise in this regard, without be”in g re [Showing first 8,000 characters — download PDF for full document]