Harmony Capital Service Ltd — Important, 16-07-2026: Company Update

Harmony Capital Services' Board has approved its financial results for the quarter. In a key strategic move, the company is acquiring a 51% stake in Truvolt Engineering Co Private Limited, an engineering and manufacturing firm, making it a subsidiary. This acquisition, valued at 83.47 Cr, will be funded by a share swap, issuing 1,26,47,400 new equity shares at Rs. 66 each. Independent valuations confirmed a 1:2 share exchange ratio. Truvolt reported a turnover of 315.09 Cr in FY26. This move aims to strengthen business operations and create long-term value, pending shareholder approval via postal ballot.