Harikanta Overseas Ltd

Harikanta Overseas Limited has issued a clarification to the BSE Listing Department regarding the quarterly filing for the Escrow Payment Mechanism disclosure. The company states that this requirement is only applicable to issuers making public issues of debt securities or seeking listing of municipal debt securities issued on private placement basis. As Harikanta Overseas Limited has not issued any Municipal Bonds or debt securities, the company asserts that the submission of this disclosure is not applicable to them. This clarification is in response to an email from BSE dated August 12, 2026.

Alacrity Securities Limited has disclosed a substantial acquisition of shares in Harikanta Overseas Limited. The acquisition, conducted through the open market, involved 631,200 shares, representing 6.40% of the total share capital. Prior to this transaction, Alacrity Securities held 4.71% of Harikanta Overseas. Following the acquisition, their total holding now stands at 1,095,600 shares, amounting to 11.11% of the company's equity. The total equity share capital of Harikanta Overseas remains unchanged at Rs. 9,86,57,400.

Alacrity Securities Limited has disclosed a sale of 1,200 equity shares, representing 0.01% of the total share capital, in Harikanta Overseas Limited. The transaction occurred on the open market on July 27, 2026. Prior to the sale, Alacrity Securities held 10,95,600 shares (11.11% stake). Post-sale, their holding is reduced to 10,94,400 shares, which is 11.10% of the total diluted share capital. The total equity share capital of Harikanta Overseas Limited is valued at approximately ₹98.66 Crores, with each share having a face value of ₹10.

Harikanta Overseas Ltd has announced that its Board of Directors, in a meeting held on July 25, 2026, has authorized key managerial personnel (KMP) to determine the materiality of events or information and to make necessary disclosures to the stock exchange. This move aligns with SEBI (LODR) Regulations, 2015, ensuring compliance and efficient communication of significant corporate developments. The authorized KMPs include the Managing Director, Hardik Gotawala, and the Whole-time Director & CFO, Abhishek Gotawala. This delegation of authority is crucial for timely and accurate reporting of material events to stakeholders and regulatory bodies.

Harikanta Overseas Ltd announced the appointment of Mr. Abhishek Nileshkumar Gotawala, currently a Whole-time Director, as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This appointment is effective from July 25, 2026, and he will hold this position in addition to his existing role. The decision was approved by the Board of Directors following recommendations from the Audit Committee and Nomination & Remuneration Committee. The change aims to consolidate executive responsibilities and align financial leadership with the company's strategic direction. Mr. Gotawala brings over 6 years of experience in finance, accounts, and strategic management, having been with the company since its incorporation.

Harikanta Overseas Ltd has announced the appointment of M/s. Mrudit Thakkar & Co., Chartered Accountants, as the company's Internal Auditors for the Financial Year 2026-27. The decision was made by the Board of Directors during their meeting held on July 25, 2026. Mrudit Ajaykumar Thakkar, the lead auditor, brings two years of experience in internal audit, statutory audit, corporate accounting, and management consultancy. This appointment is in compliance with Regulation 30 of the Listing Regulations and relevant SEBI circulars. There is no disclosed relationship between the appointed auditor and the company's directors.

Harikanta Overseas Ltd announced the appointment of M/s. JKPA & Associates, Company Secretaries, as the Secretarial Auditor for the financial year 2026-27. The decision was made by the Board of Directors during their meeting held on July 25, 2026. The company clarified that Regulation 24A of SEBI (LODR) Regulations, 2015 is not applicable due to exemptions under Regulation 15(2). JKPA & Associates is a peer-reviewed firm with extensive experience in corporate laws and SEBI regulations.

Harikanta Overseas Ltd announced the resignation of Shafali Narendrakumar Jain from her positions as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Her resignation is effective from the close of business hours on July 25, 2026. The company has received her resignation letter, citing better career prospects as the reason for her departure. A copy of the resignation letter and detailed disclosures are attached.

Harikanta Overseas Ltd announced that its Board of Directors, in a meeting held on June 26, 2026, has approved the audited standalone and consolidated financial results for the half-year and financial year ended March 31, 2026. The company also submitted the auditor's report with an unmodified opinion for both standalone and consolidated results. The auditor confirmed that the financial statements present a true and fair view in accordance with Indian accounting standards. A notable point is that the company was listed on the BSE SME platform on June 2, 2026, after the reporting period.

Harikanta Overseas Ltd announced that its Board of Directors, in a meeting held on June 26, 2026, has approved the Audited Standalone and Consolidated Financial Results for the half-year and financial year ended March 31, 2026. The company submitted these results along with the Auditor's Report, which provided an unmodified opinion. The auditor confirmed that the financial statements comply with SEBI (LODR) Regulations, 2015, and present a true and fair view. Notably, the company was listed on the BSE SME platform on June 2, 2026, subsequent to the reporting period.