Stock Exchange and Stakeholders are requested to take on record, Intimation with respect to the Promoter Reclassifications.
Awaiting price reaction for this filing.
Mr. Anish Sharma, a promoter of Harmony Capital Services Ltd holding 21,91,760 equity shares (73.04% of paid-up share capital), has submitted a request to be reclassified out of the promoter category under Regulation 31A of the SEBI (LODR) Regulations, 2015. The company's Board of Directors will consider this request at its upcoming board meeting. Following board approval, the company will apply to BSE Limited for approval of the reclassification. The actual shareholding of Mr. Sharma will remain unchanged; only his regulatory classification as 'promoter' would be removed, effectively shifting his entire 73.04% stake into the public/non-promoter category.
If approved, the promoter group's classified shareholding in the company will effectively drop to zero (assuming no other promoters), while public shareholding rises to 73.04%. This is a regulatory categorization change, not a sale of shares. Retail investors should note that the company will have no identified promoter going forward, which could affect governance oversight and future capital-raising flexibility.