Harmony Capital Service Ltd (530055)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Harmony Capital's revenue was ₹4.4 Cr, and net profit ₹1.2 Cr (against a loss a year earlier); the operating margin was 31.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹4.4 | — | — |
| Operating profit | ₹1.4 | from loss | from loss |
| Net profit | ₹1.2 | from loss | +250.5% |
| EPS (₹) | 1.01 | from loss | -13.7% |
| Operating margin | 31.3% | — | — |
📢 Recent Corporate Announcements
Harmony Capital Services announced that its Board of Directors approved the appointment of Mrs. Kakoli Ghosh as an Additional Director effective October 1, 2026. Mrs. Ghosh is the spouse of the company's Managing Director, Rajesh Ghosh. The Board also appointed M/s. Ajay Yadav & Associates as Secretarial Auditor for FY2026-27 and approved shifting its registered office within Mumbai from Chandivali, Powai to Goregaon (East). The company has an equity market capitalization of Rs 81 Cr and reported TTM revenue of Rs 4 Cr.
- Appointment of Mrs. Kakoli Ghosh (DIN: 00327859) as Additional Director effective October 1, 2026
- Mrs. Kakoli Ghosh disclosed as the wife of Managing Director Rajesh Ghosh (DIN: 00327645)
- Appointment of M/s. Ajay Yadav & Associates as Secretarial Auditor for FY 2026-27
- Shifting of Registered Office to Goregaon (East), Mumbai effective October 1, 2026
- Board meeting commenced at 03:30 P.M. and concluded at 04:00 P.M. on October 1, 2026
Harmony Capital Services announced that its Board of Directors approved the appointment of Mrs. Kakoli Ghosh as an Additional Director effective October 1, 2026. Mrs. Ghosh is the spouse of the company's Managing Director, Rajesh Ghosh. The Board also appointed M/s. Ajay Yadav & Associates as Secretarial Auditor for FY2026-27 and approved shifting its registered office within Mumbai from Chandivali, Powai to Goregaon (East). The company has an equity market capitalization of Rs 81 Cr and reported TTM revenue of Rs 4 Cr.
- Appointment of Mrs. Kakoli Ghosh (DIN: 00327859) as Additional Director effective October 1, 2026
- Mrs. Kakoli Ghosh disclosed as the wife of Managing Director Rajesh Ghosh (DIN: 00327645)
- Appointment of M/s. Ajay Yadav & Associates as Secretarial Auditor for FY 2026-27
- Shifting of Registered Office to Goregaon (East), Mumbai effective October 1, 2026
- Board meeting commenced at 03:30 P.M. and concluded at 04:00 P.M. on October 1, 2026
Harmony Capital Services announced that its Board of Directors approved the appointment of Mrs. Kakoli Ghosh as an Additional Director effective October 1, 2026. Mrs. Ghosh is the spouse of the company's Managing Director, Rajesh Ghosh. The Board also appointed M/s. Ajay Yadav & Associates as Secretarial Auditor for FY2026-27 and approved shifting its registered office within Mumbai from Chandivali, Powai to Goregaon (East). The company has an equity market capitalization of Rs 81 Cr and reported TTM revenue of Rs 4 Cr.
- Appointment of Mrs. Kakoli Ghosh (DIN: 00327859) as Additional Director effective October 1, 2026
- Mrs. Kakoli Ghosh disclosed as the wife of Managing Director Rajesh Ghosh (DIN: 00327645)
- Appointment of M/s. Ajay Yadav & Associates as Secretarial Auditor for FY 2026-27
- Shifting of Registered Office to Goregaon (East), Mumbai effective October 1, 2026
- Board meeting commenced at 03:30 P.M. and concluded at 04:00 P.M. on October 1, 2026
Harmony Capital Service Ltd has issued a revised list of 139 proposed allottees for a total of 1,26,47,400 equity shares, correcting a clerical error from its July 16, 2026, board meeting. The allotment includes 63,95,900 shares (50.6% of the issue) to the promoter and promoter group, with Dorni Vinimoy Private Limited as the largest subscriber. The remaining 62,51,500 shares are distributed among 135 non-promoter entities, including institutional funds like Nexus Global Opportunities Fund and Stellar Growth Fund VCC. This significant equity issuance indicates a major capital infusion, though the issue price was not disclosed in this specific filing.
- Total allotment of 1,26,47,400 equity shares proposed to 139 distinct allottees.
- Promoter and Promoter Group to receive 63,95,900 shares, representing over 50% of the proposed issuance.
- Dorni Vinimoy Private Limited (Promoter) is the largest single allottee with 34,06,000 shares.
- Non-promoter category includes 135 entities, with Nexus Global Opportunities Fund and Stellar Growth Fund VCC taking 2,00,000 and 1,00,000 shares respectively.
- The filing corrects a clerical error in the previous Annexure D submitted on July 16, 2026.
Harmony Capital Services has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026. The company confirmed that there has been no deviation in the utilization of the ₹9.13 crore raised through a preferential issue of equity shares on April 15, 2026. The Audit Committee has reviewed and approved this statement, ensuring that the 9,12,600 equity shares' proceeds are being used as per the original objects. This filing is a standard regulatory requirement following a capital raise.
- Raised ₹9,12,60,000 through a preferential issue of equity shares
- Allotted 9,12,600 equity shares on April 15, 2026
- Reported zero deviation or variation in fund utilization for the quarter ended June 30, 2026
- Audit Committee reviewed and confirmed the statement on July 16, 2026
Harmony Capital Services has approved the acquisition of a 51% controlling stake in Truvolt Engineering Co Private Limited. The transaction is structured as a share swap, where Harmony will issue 1,26,47,400 equity shares at a price of Rs 66 per share to Truvolt's existing shareholders. This results in a total deal value of Rs 83.47 crore. Post-acquisition, Truvolt Engineering will become a subsidiary of Harmony Capital, marking a significant shift in the company's operational scale.
- Acquisition of 63,23,700 equity shares representing 51% of Truvolt Engineering Co Private Limited
- Issuance of 1,26,47,400 new equity shares of Harmony Capital at Rs 66 per share
- Total transaction value for the preferential issue is Rs 83,47,28,400
- Swap ratio fixed at 1:2 (2 shares of Harmony for every 1 share of Truvolt)
- Independent valuation fixed Truvolt's share price at Rs 132 and Harmony's at Rs 66
Harmony Capital's board has approved the acquisition of a 51% controlling stake (63,23,700 shares) in Truvolt Engineering Co Pvt Ltd. The transaction will be executed via a share swap arrangement, where Harmony will issue 1,26,47,400 new equity shares at Rs 66 per share, totaling Rs 83.47 crore. The swap ratio is fixed at 1:2, meaning two Harmony shares will be issued for every one Truvolt share. Upon completion, Truvolt will become a subsidiary of Harmony Capital, subject to shareholder and regulatory approvals.
- Acquisition of 63,23,700 equity shares representing 51% of Truvolt Engineering Co Pvt Ltd
- Issuance of 1,26,47,400 new equity shares of Harmony Capital at Rs 66 per share
- Total deal consideration valued at Rs 83,47,28,400 through a non-cash share swap
- Swap ratio determined at 1:2 based on valuations of Rs 66 for Harmony and Rs 132 for Truvolt
- Board approval received on July 16, 2026, with a postal ballot to be initiated for member approval
Harmony Capital Services has approved the acquisition of a 51% controlling stake in Truvolt Engineering Co Private Limited. The deal is structured as a share swap, where Harmony will issue 1,26,47,400 equity shares at a price of Rs 66 per share to Truvolt's shareholders. This results in a total transaction value of Rs 83.47 crore. Following the acquisition, Truvolt Engineering will become a subsidiary of Harmony Capital, subject to shareholder and regulatory approvals.
- Acquisition of 63,23,700 equity shares representing 51% of Truvolt Engineering Co Private Limited
- Issuance of 1,26,47,400 new equity shares at a fixed price of Rs 66 per share
- Total deal consideration valued at Rs 83,47,28,400 via preferential issue
- Share swap ratio set at 2:1 (two Harmony shares for every one Truvolt share)
- Independent valuation fixed Truvolt's fair value at Rs 132 per share and Harmony's at Rs 66 per share
Harmony Capital Service Ltd has approved the acquisition of a 51% controlling stake in Truvolt Engineering Co Private Limited. The deal is structured as a share swap, where Harmony will issue 1,26,47,400 new equity shares at a price of Rs 66 per share, totaling Rs 83.47 crore. The swap ratio is fixed at 2:1, meaning 2 shares of Harmony Capital will be issued for every 1 share of Truvolt Engineering. This acquisition will make Truvolt a subsidiary of Harmony Capital, pending shareholder and regulatory approvals.
- Acquisition of 63,23,700 equity shares representing 51% of Truvolt Engineering Co Private Limited
- Issuance of 1,26,47,400 equity shares of Harmony Capital at a fixed price of Rs 66 per share
- Total transaction value for the 51% stake is Rs 83,47,28,400
- Swap ratio determined at 2:1 based on independent valuation reports dated July 16, 2026
- Truvolt Engineering valued at Rs 132 per share vs Harmony Capital at Rs 66 per share
Harmony Capital Service Ltd has scheduled a board meeting on July 16, 2026, to evaluate a proposal for raising capital through various modes including preferential issues, QIPs, or rights issues. The board will also consider and approve the unaudited financial results for the quarter ended June 30, 2026. The trading window for the company's securities has been closed since July 1, 2026, and will remain so until 48 hours after the results are declared. This meeting is critical as it combines routine earnings with a potential capital infusion strategy.
- Board meeting scheduled for July 16, 2026, to discuss fundraise and earnings
- Fundraise options include preferential issue, QIP, rights issue, or other modes
- Unaudited financial results for the quarter ended June 30, 2026, to be approved
- Trading window closed from July 1, 2026, until 48 hours post-results declaration
- Stock has delivered a 77.1% price return over the last 12 months
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