Hardwyn India Announces Share Capital Increase and Director Appointments Following Board Meeting

Hardwyn India Announces Share Capital Increase and Director Appointments Following Board Meeting​

Hardwyn India Limited has announced several significant corporate developments following a board meeting held on June 05, 2026. The company approved substantial changes to its authorized share capital structure, initiated a bonus equity issue, appointed new key personnel, and recorded the resignation of senior executives.

The Board reviewed and approved two major strategic actions: an increase in the Authorized Share Capital and a proposal for a bonus equity share issuance.

Share Capital Restructuring and Bonus Issue​

The company's authorized share capital is set to be increased from its existing level of ₹50,00,00,000 (Fifty Crore) to ₹70,00,00,000 (Seventy Crore). This increase relates to 70,00,00,000 equity shares with a face value of ₹1.00 each and requires approval by the members at an ensuing Extraordinary General Meeting (EGM).

Concurrently, the Board approved the issue of bonus equity shares in the ratio of 2:5. This issuance will be made by capitalizing free reserves and retained earnings. The company confirmed that Free Reserves/Retained Earnings stand at ₹1965.36 Lakhs as per standalone audited financials for the year ended on March 31, 2026. The amount required for implementing the bonus issue is up to ₹19,53,73,622/- and is estimated to be dispatched by August 04, 2026, pending member approval.

Key details regarding the capital proposals are summarized below:

Leadership Changes and Appointments​

The Board meeting saw the appointment of a new Independent Director and a Company Secretary. Mr. Yogesh Garg was appointed as an Independent Director with effect from June 05, 2026, for a term of five consecutive years. Mr. Garg is described as a finance and corporate governance professional with over 30 years of experience in financial management, corporate laws, and regulatory compliance.

Ms. Diksha Rani was appointed as the Company Secretary and Compliance Officer, also effective June 05, 2026. Ms. Rani is a qualified Company Secretary and an Associate member of the Institute of Company Secretaries of India (ICSI).

Resignations Announced​

The company announced two executive departures, both effective immediately on June 05, 2026. Ms. Tanya Sayal resigned as a Non-Executive Director due to personal reasons. Consequently, she will also cease her membership in the Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee of the Company.

Additionally, Ms. Pooja Sarkar resigned from the position of Company Secretary and Compliance Officer for personal reasons.

Extraordinary General Meeting (EGM) Details​

The Board has scheduled an Extraordinary General Meeting (EGM) to seek members' approval for all the above-mentioned agenda items. The EGM is set for Friday, July 03, 2026, which will be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

The cut-off date for remote e-voting to ascertain eligible shareholders was fixed as June 26, 2026.

HARDWYN Stock Price Movement​

Shares of Hardwyn India Limited slipped by 3.62% today, settling at ₹24.41 in the post-market session. The stock saw substantial trading volume, with over 3.64 million shares changing hands during the day.