Harmony Capital Services Ltd. has submitted a correction notice to the Bombay Stock Exchange addressing a significant inadvertent error in its postal ballot notice dated November 20, 2025. The correction, filed on March 27, 2026, pertains to incorrect promoter shareholding details mentioned in the explanatory statement regarding the issue of equity shares on preferential basis.

Error in Original Postal Ballot Notice

The original postal ballot notice contained substantial inaccuracies in point No. 9 of Item No. 1 of the explanatory statement. The document incorrectly stated that promoters and promoter group held 21,91,760 equity shares constituting 73.04% of the total paid-up capital before the issue. Additionally, it mentioned that post-issue holdings of promoters and promoter group would be 76,91,760 equity shares representing 63.43% of total paid-up capital.

Corrected Shareholding Details

The company has now clarified that as on the date of the notice, the pre-promoter shareholding was nil, with the entire 100% of total paid-up capital held by the public. Following the proposed transaction, the corrected shareholding structure will be significantly different from what was originally stated.

Open Offer Process and Regulatory Compliance

The correction notice provides important details about the proposed allottees and regulatory requirements. The proposed allottees, Mr. Rajesh Ghosh (Acquirer-1) and M/S. Dorni Vinimoy Pvt. Ltd. (Acquirer-2), will collectively trigger the open offer process pursuant to Regulation 3(1) and 4 of SEBI (SAST) Regulations, 2011.

This process will require a Public Announcement in terms of Regulation 13(1) of the said regulations. Upon completion of the open offer process, these acquirers will become the promoters of the company, while existing promoters and promoter group will be reclassified as public shareholders.

Corporate Information

Harmony Capital Services Ltd. (CIN: L67120MH1994PLC288180) is headquartered at WeWork Lightbridge, 6th Floor, Corporate No. 137, Hiranandani Business Park, Saki Vihar Road, Tunga Village, Chandivali, Powai, Mumbai. The correction notice was signed by Jubin Premji Gada, Director (DIN: 10820579), emphasizing the company's commitment to accurate disclosure and regulatory compliance.

Mr. Rajesh Ghosh and Dorni Vinimoy Private Limited have successfully concluded their open offer for Harmony Capital Services Limited (HCSL), accepting 17,00,000 equity shares at ₹10.00 per share. The post-offer advertisement was published on March 20, 2026, in compliance with SEBI (SAST) Regulations.

Open Offer Results

The open offer, which targeted 31,52,994 equity shares representing 26.00% of the emerging equity and voting share capital, received a partial response from public shareholders. The acquirers accepted all tendered shares, totaling 17,00,000 equity shares representing 14.02% of the fully diluted equity share capital.

Shareholding Structure

Following the completion of the open offer, the acquirers' combined shareholding in Harmony Capital Services Limited stands at 72,00,000 shares, representing 59.37% of the fully diluted equity share capital. This includes 55,00,000 equity shares acquired through a preferential issue representing 45.35% stake, which remains pending approval from BSE Limited.

Offer Timeline and Process

The open offer was conducted over a 15-day period from February 11, 2026 to February 25, 2026. Consideration payment to accepting shareholders was completed on March 12, 2026. The offer was managed by Bonanza Portfolio Limited, with Purva Sharegistry (India) Private Limited serving as the registrar.

Regulatory Compliance

The acquirers have fulfilled their obligations under SEBI (SAST) Regulations, 2011, by publishing the post-offer advertisement in Financial Express (English daily-All Editions), Jansatta (Hindi daily-All Editions), and Mumbai Lakshadeep (Marathi Daily-Mumbai Edition). The detailed public statement was initially published on November 27, 2025, with a corrigendum issued on February 10, 2026.

Company Information

Harmony Capital Services Limited (CIN: L67120MH1994PLC288180) is registered at WeWork Lightridge, 6th Floor, Corporate No. 137, Hiranandani Business Park, Saki Vihar Road, Tunga Village, Chandivali, Mumbai, Maharashtra, 400072. The company can be contacted at 8928039945 or through their website www.hcsi.co.in .