Hari Govind International Ltd — Updates, 14-05-2025: Company Update

Hari Govind International Limited has announced a board meeting on which it approved key corporate actions including the appointment of two Independent Directors, Mr. Reveesh Moolamkuzhiyil Varghese and Mr. Rishin Rasheed, and Mr. Aneesh Kumar K Kuniyil as Whole-Time Director. The company entered into a share purchase agreement with the acquirers Shaju Thomas and Linta P Jose for acquisition of 30 lakh equity shares (60% stake) from existing promoters for ₹3 crore, subject to approvals. The board approved an increase in authorized share capital from ₹5.25 Cr to ₹10.25 Cr and a preferential issue of up to 37.75 lakh equity shares at ₹10 each, raising up to ₹3.78 Cr, to proposed promoters and others, pending shareholder consent. Alteration of the main object clause of the Memorandum of Association was also approved, broadening the company’s business scope to include garments, textiles, baby food, beverages, and hygiene products. The company initiated shareholder approvals via postal ballot and appointed firms for scrutinizing voting and SEBI compliance certification. Resignation of Mr. Mayur Bhailal Bhanushali was recorded.