31st ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-25
Awaiting price reaction for this filing.
Harmony Capital Services Ltd has filed its 31st Annual Report along with the notice for its AGM, scheduled for September 30, 2025 at 4:00 PM via video conferencing. For FY 2024-25, the company reported zero revenue from operations and a widened net loss of ₹60.47 lakhs, compared to a loss of ₹6.73 lakhs in the previous year, driven mainly by a sharp rise in other expenses to ₹60.47 lakhs. No dividend has been recommended, and the authorized share capital was increased from ₹3.5 crore to ₹50 crore, while paid-up equity capital stood at ₹3.00 crore (30,00,900 shares of ₹10 each). The AGM will also seek shareholder approval to regularize the appointments of Mr. Jubin Premji Gada as Executive Director and Ms. Alpa Bhavesh Vora as Independent Director, along with the re-appointment of Mr. Sankalp Kawatra. Remote e-voting by NSDL will be open from September 27 to September 29, 2025.
For shareholders, this is a routine AGM filing, but the deepening losses and zero revenue highlight continued operational weakness. The newly proposed directors will need shareholder approval at the upcoming AGM.