Harikanta Overseas Limited has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events or information and to make subsequent disclosures to stock exchanges. The decision was taken by the Board of Directors during a meeting held on July 25, 2026, ensuring compliance with regulatory requirements for timely market communication.

The authorization is issued pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates that listed entities designate specific individuals responsible for assessing whether certain events or information are material enough to warrant public disclosure, thereby maintaining transparency for investors.

Hardik Gotawala, the Managing Director, and Abhishek Gotawala, the Whole-time Director and Chief Financial Officer (CFO), have been designated as the authorized KMPs. Their contact details have been intimated to the Listing Department of BSE Limited to facilitate direct communication regarding material disclosures.

The intimation was submitted to BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company’s script code on the exchange is 544769. The notice was digitally signed by Hardik Kamal Gotawala, Managing Director, with DIN 08262325, on July 25, 2026, at 14:34:07 IST.

This procedural step ensures that Harikanta Overseas Limited has a clear chain of command for regulatory communications. By explicitly naming the KMPs, the company aligns with SEBI’s guidelines for corporate governance, which require clear accountability for disclosure decisions.

Harikanta Overseas has appointed Abhishek Nileshkumar Gotawala as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 25, 2026. The Board of Directors approved the appointment at a meeting held on July 25, 2026, following recommendations from the Audit Committee and the Nomination & Remuneration Committee. This move aims to consolidate executive responsibilities and align financial leadership with the company’s strategic direction.

Gotawala will hold the office of CFO in addition to his existing role as Whole-time Director. The appointment is made on the existing terms and conditions of his current engagement. Managing Director Hardik Kamal Gotawala confirmed the decision in an intimation filed with BSE Limited under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Profile and Experience

Abhishek Nileshkumar Gotawala brings over six years of experience in finance, accounts, commercial operations, internal controls, and strategic management. He has been associated with Harikanta Overseas since its incorporation. His expertise includes extensive experience in the business of weaving and manufacturing silk and silk mixture fabrics.

Related Party Disclosures

The filing discloses that Gotawala is related to Hardik Gotawala, the Managing Director, and Nilesh Gotawala, another Whole-time Director. As per the disclosure, Gotawala holds 23,23,580 shares in the company. The consolidation of the CFO role with the Whole-time Director position is intended to streamline decision-making processes within the executive team.