The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anish Sharma
Awaiting price reaction for this filing.
Mr. Anish Sharma, a promoter of Harmony Capital Services Limited, sold 20,41,760 equity shares (68.03% of the company's paid-up capital) through an off-market transaction on 4 November 2025 at Rs. 5.00 per share, for an estimated total consideration of about Rs. 1.02 crore. Before the sale, he held 21,91,760 shares (73.04%), making him the controlling shareholder. After the sale, his stake has collapsed to just 1,50,000 shares (4.99%), effectively an exit from the company. The transaction was disclosed to BSE under SEBI's takeover regulations on 6 November 2025. There were no encumbered shares or convertible instruments involved.
This is a near-total promoter exit that should be treated as a major red flag by retail investors — the promoter has reduced his holding from 73% to under 5%, which significantly weakens promoter skin-in-the-game and could impact stock sentiment, liquidity, and future governance. Shareholders should watch for details of the buyer, as a new controlling shareholder emerging off-market at such a low price may signal a change in control or restructuring.