This is to inform you about the 31st Annual General Meeting ('AGM') of M/s. Harmony Capital Services Limited (the 'Company') scheduled to be held on Tuesday, September 30, 2025, at 04:00 ....
Awaiting price reaction for this filing.
Harmony Capital Services Limited has called its 31st AGM on Tuesday, September 30, 2025 at 4:00 PM, to be held through video conferencing. The agenda includes adopting FY25 audited financials, re-appointing Mr. Sankalp Kawatra (who retires by rotation), and regularising two new directors: Mr. Jubin Premji Gada as Executive Director and Ms. Alpa Bhavesh Vora as Non-Executive Independent Director for a 5-year term (Sept 2025 to Sept 2030). The company reported zero revenue from operations and a net loss of Rs 60.47 lakh in FY25, a sharp widening from Rs 6.73 lakh loss in FY24. No dividend has been recommended, while authorised share capital was increased from Rs 3.5 crore to Rs 50 crore during the year. Remote e-voting will run from September 27 (9:00 AM) to September 29, 2025 (5:00 PM) via MUFG Intime India, with the cut-off date set as September 22, 2025.
For retail investors, this is largely a routine AGM notice but the red flags stand out: nil revenue, a nine-fold jump in losses, and a recent Independent Director resignation. The significant jump in authorised capital hints at a possible future fundraising or stock split, which shareholders should watch closely.