Hari Govind International Ltd — Others, 16-05-2025: AGM/EGM

Hari Govind International Limited has announced a postal ballot seeking member approval on key corporate actions. These include adopting a new Memorandum of Association with an expanded business scope extending to manufacturing and trading of readymade garments, textiles, baby food, beverages, toys, toiletries, and hygiene products globally, both offline and online. The company proposes to increase its authorized equity share capital from ₹5.25 Cr to ₹10.25 Cr to support business expansion and fund operational needs. Additionally, it plans to issue 37.75 lakh equity shares at ₹10 each on a preferential basis to new promoters and investors, raising ₹3.78 Cr for store expansion and working capital. The issue price is based on an independent valuation and the new promoters will take management control, subject to an open offer under takeover regulations. The company also seeks to regularize appointments of two independent directors and one whole-time director, strengthening its leadership with profiles experienced in technology, marketing, and governance. The voting will be conducted through remote e-voting.