The Board of Directors of Hari Govind International Ltd. ('Company' or 'HGIL') at their Board Meeting held on October 07, 2025 has, considered and approved : 1. Approval and Issuance of ....
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The board of Hari Govind International Ltd (HGIL) on October 7, 2025 approved the ratification of a preferential allotment of 6,67,500 equity shares to 4 non-promoter allottees at ₹10 per share (face value ₹10, i.e. at par). The largest allottees are Kavicharla Kasi Ratnam (3,00,000 shares, 3.52% post-issue) and Kavicherla A S V Ramana (2,50,000 shares, 2.93% post-issue), with smaller allotments to Ajit Kumar and Sameep Satish Uchil. The original allotment was made on August 16, 2025, 2 days late due to a banking transaction glitch on August 15 (a national holiday), and shareholder approval via EGM is now being sought on November 3, 2025 to ratify the delay under SEBI ICDR regulations. The company had earlier received shareholder approval on June 13, 2025 and BSE in-principle approval on July 30, 2025 for the issue.
This is a procedural ratification of a small preferential issue (about ₹66.75 lakh) done at par, with no price discovery benefit for existing shareholders. The 2-day delay in allotment is a minor compliance issue being regularised via EGM, unlikely to materially impact the stock but worth noting for governance reasons.