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Company Filings, Explained Simply

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Pasupati Fincap Ltd

Pasupati Fincap plans capital reduction scheme, name change to Harmanshi Appliances

BOARD ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 26 Mar 2026, 06:10 PM IST  ·  BSE ID: 4f4fbfe5-a91b-43dc-922f-c2d5d512e796
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is shrinking its share capital to absorb accumulated losses and changing its name to Harmanshi Appliances; shareholders must vote in April.
🤖 AI Summary
  • Board recommended Scheme of Arrangement for capital reduction due to accumulated business losses, applied uniformly pro-rata across all shareholders
  • Company name change from Pasupati Fincap Limited to Harmanshi Appliances Co. Limited approved, subject to shareholder and regulatory approval
  • Mrs. Rakhi Sharma (DIN: 00333120) appointed as Additional Director (Non-Executive, Independent) for five-year term effective 26 February 2026
  • Extraordinary General Meeting scheduled 24 April 2026 at 12:00 P.M., Noida; cut-off date for voting fixed 18 April 2026
  • Stock Exchange prior approval not required as scheme applies uniformly without selective shareholder impact under SEBI Regulation 37(6)(b)
🔢 Key Numbers - exact figures from BSE filing, not rounded
EGM Date
24 April 2026
Cut-off Date for Voting
18 April 2026
Director Appointment Effective Date
26 February 2026
Director Term (years)
5
🏢 How This Affects the Company
📈
Business Impact
Name change to Harmanshi Appliances signals potential strategic repositioning or business focus shift. Capital structure change addresses accumulated losses but does not generate revenue.
💰
Financial Impact
Reduction of capital scheme writes off accumulated business losses against share capital on pro-rata basis, restructuring the balance sheet without affecting cash positions or operational profitability.
⚠️
Risk Impact
Capital reduction confirms prior period operating losses. Shareholders face dilution of asset base per share. Scheme completion depends on EGM approval and regulatory clearance.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must vote at Extraordinary General Meeting on 24 April 2026 to approve the capital reduction scheme, name change, and director appointment.
👤
Who Is Affected
All equity shareholders affected uniformly on pro-rata basis. Capital reduction applies equally across all share classes without selective impact, as per scheme design under SEBI Regulation 37(6)(b).
🔍
Management Signal
Management acknowledges accumulated losses and is pursuing orderly capital restructuring rather than distribution avoidance, signaling formal recognition of financial stress.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
EGM outcome on 24 April 2026 — check shareholder approval result for capital reduction and name change resolutions
Regulatory approval receipt — monitor for stock exchange and Ministry of Corporate Affairs clearance filings post-EGM
Name change effective date — track when new company name formally registered with ROC and reflected in BSE records
MEDIUM RISK Accumulated business losses necessitating capital reduction indicate operational stress. Scheme dependent on EGM approval and regulatory clearance. Execution risk until completion filing received.
💡 Investor Takeaway
Board approved capital reduction scheme to write off accumulated business losses on pro-rata basis and name change to Harmanshi Appliances. Shareholder approval required at EGM on 24 April 2026. Scheme confirms company has faced sustained operating losses warranting balance sheet restructuring.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Accumulated business losses significant enough to warrant capital reduction scheme, indicating prolonged profitability challenges.
  • Scheme requires shareholder approval at EGM and multiple regulatory approvals, extending timeline to implementation with execution uncertainty.
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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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