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

Hari Govind International Ltd has announced a board meeting on which approved appointing three additional directors, including two independents and one whole-time director, subject to shareholder approval. The company entered a share purchase agreement for promoters to sell 60% stake (30 lakh shares) to two acquirers for ₹3 crore, aiming for a change in control upon regulatory clearances. The board approved increasing authorized share capital from ₹5.25 Cr to ₹10.25 Cr and altering the main object clause to expand business into garments, textiles, FMCG, and online/offline sales. A preferential issue of up to 37.75 lakh equity shares at ₹10 each to proposed promoters and others aggregating ₹3.78 Cr was also approved, subject to shareholder consent. Postal ballot notice and new appointments related to these matters will be sent to shareholders. One director resigned during the meeting.