BSEHarmony Capital Service LtdLowNeutral
Announced Sat, 3 Jan · 16:22 IST

Stock-Exchange and Stakeholder are requested to take on Record Voting result and Scrutinizer report with respect to the Postal Ballot

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Harmony Capital Services Ltd has announced the results of its postal ballot conducted via remote e-voting from December 3, 2025 to January 1, 2026. Two special resolutions were put to vote and both passed with overwhelming support — 99.97% in favour (12 members, 16,137 valid votes) versus just 1 member voting against (4 votes). Resolution 1 approves the issuance of 91,26,000 (91.26 lakh) equity shares on a preferential basis to non-promoters for cash consideration. Resolution 2 approves the regularization of Mr. Jignesh Keshav Barot (DIN: 08184643) as a Non-Executive Independent Director on the board. The scrutinizer, Ajay Yadav & Associates, has certified the voting process as valid and compliant with the Companies Act, 2013 and SEBI LODR regulations.

Likely market impact

Shareholders have cleared a preferential equity issue of 91.26 lakh shares to non-promoters, which will dilute existing holdings and bring in fresh capital, while also adding a new independent director to the board. The near-unanimous approval suggests minimal shareholder pushback, though the dilution could weigh on existing promoters' stake.