Harmony Capital appoints CFO, directors, and auditors
Harmony Capital Services Ltd announced a comprehensive leadership overhaul following its Board meeting on June 30, 2026. Mr. Rajeev Kumar Singh was appointed CFO and Key Managerial Personnel, while Ms. Khusbu Agrawal and Ms. Sweta Agarwal were inducted as Non-Executive Independent Directors, subject to shareholder approval. The company also appointed M/s. Kale Malde and Co. as Statutory Auditors and M/s. Kalpesh Khatri & Associates as Internal Auditors for FY 2026-27. These appointments fill vacancies created by the resignations of Ms. Pranita Semwal, Mrs. Alpa Vora, and Mr. Jignesh Barot, all effective July 1, 2026, due to a change in the company's management and control.
*this image is generated using AI for illustrative purposes only.
Harmony Capital Services Ltd has restructured its leadership and oversight by appointing a new Chief Financial Officer (CFO), two independent directors, and new auditors, effective July 1, 2026. The Board of Directors approved these appointments during its meeting held on June 30, 2026. The decisions follow the resignation of the previous CFO and two independent directors, attributed to a change in the management and control of the company.
Mr. Rajeev Kumar Singh has been appointed as the CFO and Key Managerial Personnel (KMP). He brings experience in finance, accounts, taxation, and corporate compliance matters. This appointment fills the vacancy created by the resignation of Ms. Pranita Semwal, who stepped down from the position of CFO and KMP on July 1, 2026, due to the change in management and control.
Board Changes
The Board inducted Ms. Khusbu Agrawal and Ms. Sweta Agarwal as Additional Directors in the category of Non-Executive Independent Directors. Their appointments are subject to the approval of the shareholders. If approved, they will hold office for a term of five consecutive years commencing from July 1, 2026. Ms. Agrawal is a practicing company secretary and Registered Valuer, while Ms. Agarwal has over a decade of experience as a qualified company secretary.
These appointments follow the resignations of Mrs. Alpa Vora and Mr. Jignesh Barot from the office of Director. Both resigned as Independent Directors effective July 1, 2026, citing the change in management and control of the company. They confirmed there were no other material reasons for their departure.
Auditor Appointments
The Board appointed M/s. Kale Malde and Co. Chartered Accountants as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. Kapish Jain and Associates. This appointment is also subject to shareholder approval. The firm, founded in 2020, provides assurance, taxation, and advisory services.
Additionally, M/s. Kalpesh Khatri & Associates, Chartered Accountants, were appointed as Internal Auditors for the financial year 2026-27. The Mumbai-based firm, established in 2013, specializes in internal audits, statutory audits, and taxation.
Summary of Appointments and Resignations
| Name | Role | Action | Effective Date |
|---|---|---|---|
| Mr. Rajeev Kumar Singh | CFO and KMP | Appointment | July 1, 2026 |
| Ms. Khusbu Agrawal | Non-Executive Independent Director | Appointment | July 1, 2026 |
| Ms. Sweta Agarwal | Non-Executive Independent Director | Appointment | July 1, 2026 |
| M/s. Kale Malde and Co. | Statutory Auditor | Appointment | July 1, 2026 |
| M/s. Kalpesh Khatri & Associates | Internal Auditor | Appointment | FY 2026-27 |
| Mrs. Alpa Vora | Independent Director | Resignation | July 1, 2026 |
| Mr. Jignesh Barot | Independent Director | Resignation | July 1, 2026 |
| Ms. Pranita Semwal | CFO and KMP | Resignation | July 1, 2026 |
What specific strategic shifts will the new CFO and independent directors prioritize under the new management?
How will the recent change in management and control influence the company's long-term financial performance?
What are the anticipated market reactions to the appointment of a relatively new statutory auditor?
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
