Harmony Capital approves FY26 results, shifts registered office to West Bengal

Harmony Capital Services Limited approved the audited financial statements for the financial year ended March 31, 2026, during its 32nd Annual General Meeting held on June 3, 2026. The meeting, conducted via Video Conferencing and Other Audio-Visual Means, also authorized the shifting of the company's registered office from Maharashtra to West Bengal and the alteration of the Object Clause of the Memorandum of Association to support business diversification.

Mr. Jubin Gada, Chairman of the Meeting, chaired the proceedings, which were held in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Chairman informed members that during the financial year 2025-26, an open offer was made by Mr. Rajesh Ghosh and Dorni Vinimoy Private Limited under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, resulting in a change in control and management of the company.

The company provided a remote e-voting facility to shareholders, which commenced on May 29, 2026, at 09:30 A.M. and concluded on June 2, 2026, at 05:00 P.M. Mr. Hemang Satra, Proprietor of M/s. Hemang Satra & Associates, Company Secretaries, was appointed as the Scrutinizer to oversee the e-voting process. The meeting concluded at 1:32 P.M. with the declaration that voting results would be submitted to the stock exchange and uploaded on the company's website.

Resolutions Passed

The shareholders transacted six items of business, including ordinary and special resolutions. The key approvals included the adoption of financial statements and the regularization of director appointments.

Resolution Type	Description
Ordinary Business	Adoption of audited financial statements for FY26
Ordinary Business	Re-appointment of Mr. Sankalp Kawatra (DIN: 07725979)
Ordinary Business	Re-appointment of Mr. Jubin Gada (DIN: 10820579)
Special Business	Regularization of Mr. Rajesh Ghosh (DIN: 00327645) as Director
Special Business	Alteration of Object Clause of Memorandum of Association
Special Business	Shifting of registered office from Maharashtra to West Bengal

Ms. Khyati Mishra, Company Secretary and Compliance Officer, confirmed that the Notice convening the AGM and the Annual Report for FY26 had been circulated electronically to members. The Chairman reiterated the company's commitment to corporate governance and sustainable value creation for stakeholders.

Harmony Capital Services Limited has informed the stock exchanges regarding the resignation of its statutory auditor, M/s Kapish Jain and Associates, Chartered Accountants. The firm tendered its resignation effective from the close of business hours on May 20, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The auditors cited discrepancies over professional fees as the primary reason for their departure. In their resignation letter, the firm stated that despite discussions, the agreed fees were not commensurate with the time, efforts, and resources required to conduct the audit in accordance with the Standards on Auditing and other regulatory requirements. Consequently, the firm determined it could not continue in the role.

Harmony Capital Services confirmed that the resigning auditors had not raised any concerns or issues regarding the company's management. As a result, the company noted that deliberation or comments from the Audit Committee were not applicable in this instance.

Auditor Details

M/s Kapish Jain and Associates were originally appointed on August 18, 2023. Their term was scheduled to conclude at the end of the company's 34th Annual General Meeting. Prior to their resignation, the firm had completed the limited review on the audited standalone financial results for the quarter and year ended March 31, 2026, issuing the report on May 7, 2026.

Particulars	Details
Name of Auditor	M/s Kapish Jain and Associates, Chartered Accountants
Firm Registration No.	022743N
Date of Appointment	August 18, 2023
Effective Date of Resignation	May 20, 2026
Reason for Resignation	Professional fees not commensurate with audit scope

The company has enclosed the necessary details, including the resignation letter and Annexure A, as required under the relevant SEBI regulations and circulars.