The Board of Directors of Dharni Capital Services Limited approved the Director's Report for the financial year ended March 31, 2026, during a meeting held on August 4, 2026. The Board also finalized the date, time, and venue for the company’s Annual General Meeting (AGM) and appointed M/s. Ronak Jhuthawat & Co., a Peer Reviewed firm of Practicing Company Secretaries, as the scrutinizer to conduct voting at the AGM.

The meeting took place at the company’s registered office in Bangalore and commenced at 1:00 P.M., concluding at 4:20 P.M. The approvals were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).

Key Approvals

The Board considered and approved the following matters:

Meeting Details

The Board meeting was held on Tuesday, August 4, 2026, at 816, 7th Floor, Oxford Towers, Old Airport Road, Kodihalli, Bangalore - 560008. The proceedings were signed off by Disha Jain, Company Secretary, holding Membership Number A64700.

What This Means

The approval of the Director's Report is a standard procedural step leading up to the Annual General Meeting, where shareholders will formally consider the report and other agenda items. The appointment of an independent scrutinizer ensures compliance with regulatory requirements for transparent voting processes during the AGM. Shareholders should await the official notice for specific dates regarding the book closure and the AGM itself.

Dharni Capital Services clarified on August 04, 2026, that the allegations in the Directorate of Enforcement (ED) charge-sheet pertain specifically to transactions occurring between May 1, 2021, and April 30, 2022. The Bengaluru Zonal Office of the ED had previously filed a charge-sheet under Sections 44 and 45 of the Prevention of Money Laundering Act (PMLA), 2002, alleging that the company and its Managing Director, Hemant Dharnidharka, assisted in laundering ₹12,54,00,000. This addendum to the initial disclosure provides critical temporal context for the investigation, limiting the scope of scrutiny to a specific 12-month period rather than ongoing operations.

The clarification was submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. By defining the relevant period as May 1, 2021, to April 30, 2022, Dharni Capital Services aims to isolate the alleged misconduct from its current business activities. The company reiterated that no formal charges or orders have been passed by the authority at this stage. Management continues to explore all available legal remedies to safeguard its interests.

Scope of Allegations

The core of the ED’s action involves financial transactions totaling ₹12,54,00,000. The enforcement agency alleges that Dharni Capital Services facilitated the layering and laundering of these funds, projecting them as untainted property. The new disclosure confirms that these specific transactions are confined to the fiscal year ending April 2022. This distinction is material for investors assessing potential liability, as it suggests the alleged violations are historical rather than indicative of current systemic risk.

Operational Impact and Legal Stance

Despite the serious nature of the allegations, Dharni Capital Services stated that there is no immediate material impact on the financial or operational activities of the company. Management emphasized that the firm continues to operate normally and remains committed to growth and operational excellence. The company and its officials are fully committed to defending their position and reputation against the charges.

What the Numbers Show

The confinement of the alleged ₹12,54,00,000 transaction volume to the May 2021–April 2022 period allows for a more precise assessment of risk. If the allegations hold merit, they represent a discrete episode rather than a continuous pattern of conduct extending into FY26. The absence of formal charges or orders means the financial liability remains theoretical at this juncture. The market impact will likely depend on the duration of the investigation and any subsequent asset freezes or penalties, which are not yet determined. The company’s assertion of normal operations suggests that core business functions have not been disrupted by the filing itself.