The Stock Exchange and Stakeholders are requested to take on record intimation with respect to the Change in management.
Awaiting price reaction for this filing.
Following the 32nd Annual General Meeting held on June 3, 2026, Harmony Capital Services announced board-level changes. Shareholders approved the appointment of Mr. Rajesh Ghosh (DIN: 00327645), an MBA with experience in business strategy and operations, as a Director of the company. However, the re-appointment resolutions for two existing directors — Mr. Sankalp Kawatra (DIN: 07725979) and Mr. Jubin Gada (DIN: 10820579) — were rejected by shareholders. As a result, both directors ceased to hold office from the conclusion of the AGM. The company has confirmed that Mr. Rajesh Ghosh is not debarred from holding directorship by SEBI or any other authority.
Two directors have been effectively voted out by shareholders, which is unusual and may signal governance concerns or shareholder dissatisfaction with the current board. The new director's appointment brings operational expertise but the simultaneous exit of two board members creates short-term board instability for retail investors to watch.