Announced Wed, 13 May · 23:46 IST

Hari Govind International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2026 ,inter alia, to consider and approve proposal for issuance ....

Fund Raising View source PDF

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AI summary

Popees Baby Care India Ltd (formerly Hari Govind International Ltd) has informed BSE that a Board Meeting is scheduled for 16th May 2026 to consider and approve fund raising through preferential issue or private placement of securities. The key mechanism is a Share Swap Arrangement for non-cash consideration, meaning shares will be exchanged rather than sold for cash. The company also confirmed that its trading window remains closed since 1st April 2026 due to the declaration of audited financial results for FY2026.

Likely market impact

The Share Swap arrangement indicates potential acquisition or consolidation activity without cash outflow. Shareholders should monitor the outcome as it could lead to change in shareholding pattern. The trading window closure confirms no insider trading during the sensitive period.