We, Harmony Capital Services Limited submit herewith Disclosures under Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Harmony Capital Services Ltd filed a disclosure under SEBI Takeover Regulations regarding promoter Anish Sharma selling his entire holding in the company. Before the sale, he held 1,50,000 equity shares (4.99% of total share capital). On 10 November 2025, he sold all 1,50,000 shares off-market at Rs. 5 per share, bringing his holding to zero. The company has a total equity share capital of Rs. 3,00,09,000 divided into 30,00,900 shares of Rs. 10 each, which remained unchanged after the transaction. The deal was executed between the promoter and an unnamed acquirer off-market, meaning it was a private negotiated transaction not conducted through the exchange.
A complete promoter exit of 4.99% via off-market route at Rs. 5/share may raise concerns about promoter confidence and reduce promoter skin-in-the-game, though the small base stake means the impact on shareholding structure is limited. Retail investors should monitor whether this is an isolated exit or part of a broader trend of promoter selling, and watch for any further disclosures about the acquirer's identity.