Haven't done micarta yet, but it's built the same way as G-10.
I occasionally burned a spot on the G-10, it burns the glue, and the 'hairs' of fiber are frayed there. With Micarta the same would be true, except micarta has more of a pattern usually.
It depends on the burn. Why not sand a little and see? Is it a special piece? Depending on the intensity of the burn and how thick the piece is, it could be 'unglued' all the way through, or just a spot. Give us a few more details.
Ahh...rereading your post, I guess this is a hidden tang knife?
how did it happen? Grinding I assume. Well I can see hesitation in re-doing it. If it's for a customer I'd just grind it until it either looks good, or will have to be redone, and fix it.
Hope this helps, Kinda feel silly though, giving advice without having ever touched the material
~Brian