This is just to follow up with the earlier outcome submitted for the Board meeting held on 14.05.2025 regarding issue of equity shares on a preferential basis. this is to inform you that ....
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Awaiting price reaction for this filing.
Hari Govind International has filed a clarification with BSE correcting typographical errors in its earlier disclosure about a preferential equity share issue approved at the board meeting on 14 May 2025. The company plans to issue 37,75,000 equity shares at ₹10 each (i.e. at face value, with no premium) on a private placement basis to 14 allottees. Of these, two are proposed promoters — Shaju Thomas (10 lakh shares) and Linta P Jose (5 lakh shares) — while the remaining 22.75 lakh shares are being allotted to 12 non-promoter investors. Together, all allottees would hold about 43% of the company after the issue, assuming full subscription. The substance of the earlier filing remains unchanged; only clerical corrections were made.
This is a correction filing with no change in the actual terms, so no fresh impact on the stock. However, shareholders should note that the preferential issue at face value will dilute existing holdings and bring in new promoters/non-promoters collectively holding over 43% of the expanded share base.