Harmony Capital Services: Major Stake Acquisitions by Promoters via Preferential Issue

2 min read     Updated on 17 Apr 2026, 12:45 PM
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Harmony Capital Services Ltd executed a major preferential equity share allotment distributing 91,26,000 shares at ₹10 per share to 32 investors, increasing share capital from 30,00,900 to 1,21,26,900 shares. Two promoter entities made substantial acquisitions with Rajesh Ghosh acquiring 36,50,000 shares (30.10% stake) and Dorni Vinimoy Pvt Ltd acquiring 35,50,000 shares (29.27% stake), both filing separate SEBI disclosures under SAST regulations.

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Harmony Capital Services Ltd completed a significant preferential equity share allotment on April 15, 2026, distributing 91,26,000 equity shares to 32 investors. The transaction resulted in two separate major acquisitions by promoter entities, with both Dorni Vinimoy Pvt Ltd and Rajesh Ghosh filing individual SEBI disclosures for their respective stake acquisitions.

Preferential Allotment Overview

The company allotted equity shares with a face value of ₹10 each at an issue price of ₹10 per share. The preferential issue was conducted in compliance with Chapter V of SEBI's Issue of Capital and Disclosure Requirements Regulations, 2018, the Companies Act, 2013, and other applicable laws.

Parameter: Details
Total Shares Allotted: 91,26,000
Face Value: ₹10 per share
Issue Price: ₹10 per share
Total Allottees: 32
Meeting Date: April 15, 2026
Pre-Allotment Capital: 30,00,900 shares
Post-Allotment Capital: 1,21,26,900 shares

Major Promoter Acquisitions

Two promoter entities made substantial acquisitions through the preferential allotment, each filing separate SEBI disclosures under Regulation 29(1) of SEBI (SAST) Regulations, 2011.

Dorni Vinimoy Pvt Ltd Acquisition

Dorni Vinimoy Pvt Ltd filed its disclosure on April 16, 2026, for acquiring 35,50,000 equity shares representing 29.27% of the company's total share capital through preferential allotment and open offer.

Rajesh Ghosh Acquisition

Rajesh Ghosh, identified as a promoter, filed a separate SEBI disclosure on April 16, 2026, for acquiring 36,50,000 equity shares representing 30.10% stake in Harmony Capital Services through preferential allotment and open offer.

Promoter Acquisitions: Shares Acquired Percentage Mode
Rajesh Ghosh: 36,50,000 30.10% Preferential Allotment & Open Offer
Dorni Vinimoy Pvt Ltd: 35,50,000 29.27% Preferential Allotment & Open Offer

Allottee Distribution

The allotment includes both promoter and non-promoter categories, with promoters receiving a significant portion of the shares. The two promoter entities received a combined 55,00,000 shares through the preferential allotment, while 30 non-promoter allottees received the remaining 36,26,000 shares.

Major Promoter Allottees:

  • Rajesh Ghosh: 28,00,000 shares (via preferential allotment)
  • Dorni Vinimoy Pvt Ltd: 27,00,000 shares (via preferential allotment)

Significant Non-Promoter Allottees:

  • Khatunaresh Minerals and Metals LLP: 5,00,000 shares
  • Shalini Sadashiv Shet: 3,50,000 shares
  • Vivid Wealth: 3,50,000 shares
  • Himanshu Jain: 3,25,000 shares
  • Shivam Atul Chauhan: 2,60,000 shares

Regulatory Compliance

The preferential issue was executed following proper regulatory procedures under SEBI guidelines. The Allotment Committee meeting commenced at 11:15 AM and concluded at 11:40 AM on April 15, 2026. Both promoter entities filed their respective SEBI disclosures on April 16, 2026, with Rajesh Ghosh's disclosure digitally signed and submitted to both the company and BSE Limited.

Allottee Category: Number of Allottees Total Shares
Promoters: 2 55,00,000
Non-Promoters: 30 36,26,000
Total: 32 91,26,000

The allotment represents a strategic capital raising initiative by Harmony Capital Services Ltd, with the company successfully distributing shares across a broad investor base while enabling significant promoter participation through both preferential allotment and open offer mechanisms.

How will Harmony Capital Services utilize the ₹91.26 crore raised from this preferential allotment for future business expansion or debt reduction?

What strategic initiatives might the combined 59.37% promoter control enable for Harmony Capital Services' market positioning?

Will the significant dilution of existing shareholders' stakes from 30 lakh to 1.21 crore shares impact the company's dividend policy or earnings per share?

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Harmony Capital Services Limited Files Q4 FY26 Compliance Certificate Under SEBI Regulations

1 min read     Updated on 08 Apr 2026, 04:03 PM
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Harmony Capital Services Limited submitted its Q4 FY26 compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to BSE Limited on April 8, 2026. The filing confirms proper dematerialization processes for the quarter ended March 31, 2026, with supporting certification from registrar MUFG Intime India Private Limited. Director Jubin Premji Gada signed the certificate confirming regulatory adherence and timely processing of securities dematerialization.

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Harmony Capital Services Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company submitted its certificate under Regulation 74(5) of the SEBI regulations on April 8, 2026. This mandatory filing confirms that Harmony Capital Services has adhered to prescribed procedures for securities dematerialization during the fourth quarter of fiscal year 2026.

Filing Details: Information
Filing Date: April 8, 2026
Quarter Covered: Q4 FY26 (ended March 31, 2026)
Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Scrip Code: 530055
ISIN: INE264N01017

Dematerialization Process Confirmation

The certificate confirms that all securities received for dematerialization during the quarter were properly processed according to regulatory requirements. The company verified that security certificates were mutilated and cancelled after due verification, with depository names being substituted in the register of members within the prescribed timelines.

Director Jubin Premji Gada (DIN: 10820579) signed the compliance certificate on behalf of Harmony Capital Services Limited, confirming the company's adherence to SEBI regulations throughout the quarter.

Registrar Certification

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's registrar and share transfer agent. The registrar provided supporting certification dated April 3, 2026, confirming compliance with dematerialization procedures.

Registrar Details: Information
Entity: MUFG Intime India Private Limited
Former Name: Link Intime India Private Limited
CIN: U67190MH1999PTC118368
Certification Date: April 3, 2026
Signatory: Ashok Shetty, Sr. Vice President-Corporate Registry

The registrar confirmed that securities received from depository participants were properly accepted or rejected, and that all security certificates were processed according to prescribed timelines. This certification supports Harmony Capital Services' compliance filing with BSE Limited.

Company Information

Harmony Capital Services Limited operates from its registered office at WeWork Lightbridge in Mumbai's Hiranandani Business Park. The company maintains its corporate presence in Powai, Mumbai, and continues to fulfill its regulatory obligations as a listed entity on BSE Limited.

How might the upcoming SEBI regulatory changes in 2027 impact Harmony Capital's compliance costs and operational procedures?

Will Harmony Capital Services expand its depository participant services to capture more market share in the growing dematerialization segment?

What are the implications of MUFG Intime's rebranding on service quality and technology upgrades for Harmony Capital's registry operations?

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