Hari Govind International Ltd — Important, 16-05-2026: Company Update

The Board has considered a strategic acquisition of Popees Baby Care Products Ltd. (PBCPL) through a share swap arrangement. This business consolidation involves issuing the company's shares in exchange for PBCPL shares, subject to necessary approvals and final valuations. An indicative share swap ratio of approximately 1.3:1 was discussed. The Audit Committee is authorized to finalize the valuation, swap ratio, and other transaction terms. This move aims to strengthen business synergies, unlock strategic growth opportunities, and create long-term value for shareholders. Promoter shareholding and company control will remain unchanged.