Please find attached the intimation with respect to issue of equity shares on preferential basis.
Awaiting price reaction for this filing.
Harmony Capital Services Ltd's board, at its meeting on 20th November 2025, approved raising up to Rs. 9.13 crore by issuing 91,26,000 equity shares at Rs. 10 each (face value) on a preferential basis to 32 identified allottees. The largest allottees include 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 (Rs. 35 lakh), Vivid Wealth (Rs. 35 lakh), and Himanshu Jain (Rs. 32.5 lakh). A postal ballot notice has been drafted to seek shareholder approval for the issue. Separately, the board ratified a change in the registered office from Andheri East to WeWork Lightbridge in Powai, Mumbai.
This is a small equity dilution at face value (Rs. 10), which is likely well below the prevailing market price, meaning existing shareholders face meaningful dilution at a steep discount. The stock may see short-term pressure once the preferential issue is formally priced and allotted. Approval still requires shareholder consent via postal ballot.