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Hari Govind International Limited (HGIL) has announced a board meeting to approve a preferential allotment of 37.75 lakh equity shares at ₹10 each to Acquirers and public investors. The Acquirers, Shaju Thomas and Linta Purayidathil Jose, will acquire 30 lakh shares (34.19% of expanded capital) via a share purchase agreement at ₹10/share and subscribe to 15 lakh shares through the preferential allotment (17.09% of expanded capital). An open offer to acquire an additional 22.81 lakh shares (26% of expanded capital) at ₹10/share is launched, aiming to gain control and become promoters. The offer is cash-backed with an escrow deposit of ₹58 lakh, and acceptance will be proportionate if oversubscribed. HGIL’s shares are infrequently traded on BSE. The company’s recent financials show operating losses and no income. The Acquirers plan to expand business operations while maintaining minimum public shareholding as per regulations. All shareholders, including NRIs and others requiring approvals, are eligible to tender shares during the tendering period starting July 4 and ending July 17. Tax implications for shareholders vary based on residency and holding period; investors should consult tax advisors.