Harmony Capital Service Ltd — Important, 01-01-1970: Company Update

Harmony Capital Services (HCSL) is undergoing a significant change as Mr. Rajesh Ghosh and Dorni Vinimoy Private Limited are launching an open offer to acquire up to 26% of its emerging equity at ₹10 per share, valued at ₹3.15 crore. This move, following a preferential share issue where they will also acquire a substantial stake, aims to give the acquirers majority control and promoter status. The prior promoter has already exited. While the new management intends to continue HCSL's leasing business, they lack direct experience in this sector. Investors should note HCSL's recent financial results showing a loss of ₹0.03 crore for the September quarter and past compliance delays. The company will remain listed.