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



























