The Stock Exchange and stakeholders are requested to take the Outcome of the Board Meeting, as attached herewith, on record.
Awaiting price reaction for this filing.
Harmony Capital Services Ltd's Board approved four key items at its meeting on 7 May 2026. First, Ms. Khyati Mishra (ACS 70162) was appointed as Company Secretary, Compliance Officer and KMP. Second, the audited standalone financial results for Q4 and FY26 were approved — total income stood at Rs 39.71 lakh with net profit after tax of Rs 19.32 lakh, a sharp turnaround from a net loss of Rs 60.47 lakh in the prior year (FY25). The auditors (Kapish Jain & Associates) issued an unmodified opinion. Third, the company proposed shifting its registered office from Maharashtra to West Bengal and setting up a corporate office in Kolkata, pending shareholder and Regional Director approvals. Fourth, alteration of the Object Clause in the Memorandum of Association was approved, also subject to member consent. Total equity stands at Rs 100.27 lakh against a paid-up share capital of Rs 300.09 lakh.
The company returned to profitability after two consecutive loss years, which is a positive signal. However, the small profit of Rs 19.32 lakh against a large equity base (primarily accumulated losses) indicates fragile financials. The planned relocation to West Bengal and MOA alteration suggest a potential change in business focus, which investors should monitor.