Please find attached the postal ballot notice for seeking approval of the members of the Company.
Awaiting price reaction for this filing.
Harmony Capital Services Ltd has issued a postal ballot notice seeking shareholder approval via e-voting from December 3, 2025 to January 1, 2026. Two special resolutions are proposed: (1) issuance of 91,26,000 equity shares of face value Rs. 10 each on a preferential basis to non-promoters for cash, aggregating to Rs. 9.126 crore; and (2) regularization of Mr. Jignesh Keshav Barot as Non-Executive Independent Director for a 5-year term (Sept 2025 to Sept 2030). The preferential allotment is spread across 32 allottees, including individuals, HUFs, LLPs and body corporates. Two of the proposed allottees — Rajesh Ghosh (28 lakh shares) and Dorni Vinimoy Pvt Ltd (27 lakh shares) — will together hold over 60% of the new shares and are set to become the new promoters after triggering a mandatory SEBI open offer. The relevant date for pricing is December 3, 2025.
Existing shareholders will face significant dilution, and the company's promoter identity is set to change hands. Investors should watch the SEBI open offer process closely, as the new promoter group's intentions could materially affect future stock price action and corporate direction.