Mihika Industries Ltd has announced the appointment of Bipinbhai Prajapati as Chief Financial Officer (CFO) effective February 2, 2026. The move comes as part of a wider board restructuring, which also included new independent directors and committee reconstitution. This leadership change aims to reinforce financial governance and strategic growth.
Mihika Industries Limited, a diversified player in textiles and allied sectors, has restructured its leadership team with the appointment of Bipinbhai Prajapati as Chief Financial Officer (CFO). The announcement was made following a board meeting on February 2, 2026, and disclosed to the Bombay Stock Exchange (BSE).
Notable Updates
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New CFO: Bipinbhai Prajapati appointed as Chief Financial Officer.
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Effective date: February 2, 2026.
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Resignation: Former CFO Parth Rupareliya stepped down citing personal reasons.
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Board restructuring: Appointment of new independent directors including Saurabh and Reema Magotra, and reconstitution of audit and stakeholder committees.
Major Takeaways
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The leadership reshuffle reflects Mihika Industries’ focus on strengthening governance and financial oversight.
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Appointment of Bipinbhai Prajapati is expected to bring strategic financial management and operational efficiency.
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The reconstitution of committees ensures compliance with SEBI regulations and enhances transparency.
Important Points
Mihika Industries continues to align its leadership with long-term growth objectives.
The changes are part of a broader effort to rebuild investor confidence and improve corporate governance.
Analysts view the appointment as a positive step toward stabilizing financial operations.
Sources: BSE Filings, ScanX News, Business Standard