BSEHarmony Capital Service LtdLowNeutral
Announced Thu, 20 Nov · 15:39 IST

Please find attached intimation with regards to change in the registered office address of the Company.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Harmony Capital Services' board, at its meeting on 20 November 2025, approved shifting its registered office from Andheri (East) to WeWork Lightbridge, Hiranandani Business Park, Powai, within the same city and state. The board also approved raising up to Rs. 9.13 crore by issuing 91,26,000 equity shares on a preferential basis at Rs. 10 per share (the face value, with no disclosed premium) to 32 identified allottees, including individuals, HUFs, LLPs and companies. The largest allotments are to Rajesh Ghosh (Rs. 2.80 crore), Dorni Vinimoy Pvt Ltd (Rs. 2.70 crore), Khatunaresh Minerals and Metals LLP (Rs. 50 lakh), Shalini Sadashiv Shet and Vivid Wealth (Rs. 35 lakh each). A postal ballot notice has been issued to seek shareholder approval, which along with other regulatory clearances is required before the issue can proceed.

Likely market impact

Existing shareholders will see meaningful dilution if the issue goes through, as the shares are being allotted at face value (Rs. 10) with no premium, meaning roughly 91.26 lakh new shares will be issued against the current base. The move is positive only if the fresh capital is deployed into a clearly value-accretive use, which has not been disclosed in this filing.