BSEHarmony Capital Service LtdMediumNeutral
Announced Wed, 25 Mar · 12:21 IST

Please find attached intimation under Regulation 30 (LODR)

Fund Raising View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Harmony Capital Services has flagged an inadvertent error in its postal ballot notice dated November 20, 2025, concerning a proposed preferential issue of equity shares. The original notice incorrectly stated that promoters held 21,91,760 shares (73.04%) pre-issue. The correct position is that promoters held Nil shares, with 100% (30,00,900 shares) held by the public. Post-issue, the new acquirers — Rajesh Ghosh and Dorni Vinimoy Pvt. Ltd. — will hold 55,00,000 shares (45.35%) and the public will hold 66,26,900 shares (54.65%), taking total share capital to 1,21,26,900 shares. The acquirers will trigger an open offer under SEBI SAST Regulations, and upon completion, the existing promoter group will be reclassified as public shareholders, effectively resulting in a change of control.

Likely market impact

This is a correction of administrative error rather than a new event, so there is no direct price impact. However, it confirms a pending change of control via preferential allotment plus open offer, which existing public shareholders should monitor closely as it will shift the company's promoter structure and potentially its strategic direction.