Mohini Health & Hygiene Approves Capital Increase, Debt Structures Up To 300 Crore
Mohini Health & Hygiene Limited (MHHL) announced several significant outcomes from its Board of Directors meeting held on July 24, 2026. The Board approved substantial increases in financial capacities, including borrowing limits and investment ceilings, while also approving material related party transactions and key changes in the company’s management structure.The company enhanced multiple operational limits under the Companies Act, subject to subsequent shareholder approval at an Extraordinary General Meeting (EGM). These approvals included increasing the limit for borrowings up to Rs. 3,00,00,00,000/- (Rupees Three Hundred Crore Only). Furthermore, the Board approved creating charges and disposing of the whole or any part of undertakings for a value not exceeding Rs. 3,00,00,00,000/- (Rupees Three Hundred Crore Only) via joint venture, strategic alliance, or outright sale. The limits for advancing loans, providing guarantees, or giving security to subsidiaries, associates, and related parties were also increased up to the same limit of Rs. 3,00,00,00,000/-.
In a move toward capital expansion, the Board approved increasing the Authorized Capital of the Company. The company’s existing authorized capital stood at Rs. 25,00,00,000/-, divided into 2,50,00,000 Equity Shares of Rs. 10/- each. This was increased to Rs. 65,00,00,000/-, convertible into 6,50,00,000 Equity Shares of Rs. 10/- each.
Key Debt and Related Party Transaction Approvals
The Board also approved various material related party transactions recommended by the Audit Committee on July 24, 2026. These approvals pertain to multiple entities, including Dhananya Capital Private Limited (DCPL) and Winsome Yarns Limited (WYL).A key transaction approved involved pledging shares in subsidiaries of MHHL to secure debt issued by DCPL. The pledge details are as follows:
| Subsidiary Name | Nature of Transaction | % of Shareholding | Number of Shares Pledged | Pledgee Name | Purpose of Pledge | Duration of Pledge |
|---|---|---|---|---|---|---|
| Dhananya Capital Private Limited (DCPL) | Pledge of shares | 51% | 1,275,000 | Axis Trustee Services Limited | To secure debentures issued by DCPL | 42 Months or repayment of Debentures |
| Winsome Yarns Limited (WYL) | Pledge of Shares | 75% | 19,736,843 | Axis Trustee Services Limited | To secure debentures issued by DCPL | 42 Months or repayment of Debentures |
In addition to the pledge, the company approved providing a Corporate Guarantee in favor of Axis Trustee Services Limited. This guarantee covers the due repayment of Senior, Secured, Unrated, Unlisted, Redeemable Series A Non-Convertible Debentures aggregating up to INR 70,00,00,000 (Indian Rupees Seventy Crore only) issued by DCPL, a subsidiary of MHHL. The guarantee is for 42 months or until the repayment of the Debentures and will be treated as a contingent liability for the company.
Leadership Changes Announced
The Board meeting also ratified key changes in the company’s senior management team:1. CFO Resignation: Mr. Anil Kumar Singhania, CFO of MHHL, tendered his resignation effective from August 1, 2026, citing personal preoccupation.
2. New CFO Appointment: The company appointed Mr. Sachin Patangiya as the Chief Financial Officer (CFO) with effect from August 1, 2026. Mr. Patangiya is a Chartered Accountant and brings over 19 years of experience in finance and strategic financial management to the role.
EGM Details and Voting Timeline
The Board approved the date and draft notice for the Extraordinary General Meeting (EGM) scheduled for Wednesday, August 19, 2026, at the registered office of the company in Pithampur, M.P.To facilitate member participation, MHHL established a timeline for remote e-voting:
- Cut-off date for E-voting entitlement: Wednesday, August 12, 2026
- Voting Start Date & Time: Friday, August 14, 2026 at 9:00 AM
- Voting End Date & Time: Tuesday, August 18, 2026 at 5:00 PM
The Board also appointed M/s Suyash Jain & Associates Company Secretaries as the scrutinizer for the EGM.
MHHL Stock Price Movement
Mohini Health & Hygiene Limited shares today slipped by 3.98% to settle at ₹33.80, shedding nearly ₹1.40 from the previous close. The stock traded a volume of 1,500 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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