Halder Venture Limited has allotted 7,93,650 equity convertible warrants on a preferential basis to the non-promoter group, marking a key step in its capital raising efforts. The allotment was approved by the Board of Directors during a meeting held on July 24, 2026, and follows prior shareholder consent obtained via postal ballot on April 29, 2026. The move allows the company to raise funds while offering subscription rights for future equity participation to the allottee.

The warrants were issued to P.K. Bio Link Private Limited, categorized as a non-promoter entity. Each warrant carries a face value of ₹10 and was allotted at a price of ₹315 per warrant, which includes a premium of ₹305. The instrument entitles the holder to subscribe for an equivalent number of fully paid-up equity shares of Halder Venture Limited in dematerialized form. The company confirmed that it has already received 25% of the subscription amount from the warrant holder as part of the transaction process.

Transaction Details

The preferential allotment was executed in compliance with regulatory requirements and internal governance protocols. The Board approved the specific terms of the issue, including the pricing and the identity of the allottee. The transaction structure ensures that the warrants are issued in demat form, facilitating ease of transfer and eventual conversion into equity shares.

Regulatory Approvals and Compliance

The issuance was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously secured in-principle approvals from both major stock exchanges. The Bombay Stock Exchange granted approval via Letter no. LOD/PREF/PB/FIP/480/2026-27, while the National Stock Exchange provided approval via Ref: NSE/LIST/54346 dated July 09, 2026.

Shareholder approval for the preferential allotment was obtained through a postal ballot process concluded on April 29, 2026. The Board meeting where the final allotment was approved commenced at 3:00 PM and concluded at 4:15 PM on July 24, 2026. Ayanti Sen, Company Secretary and Compliance Officer of Halder Venture Limited, signed the intimation filed with the exchanges.

What the Numbers Show

The allocation of nearly 8 lakh warrants to a single non-promoter entity indicates a concentrated interest from institutional or high-net-worth investors in Halder Venture’s future equity upside. By setting the warrant price at ₹315 with a ₹305 premium over the ₹10 face value, the company has structured the instrument to reflect significant value beyond nominal capital, aligning the allottee’s interests with the long-term performance of the underlying equity shares.

Halder Venture Limited reported a consolidated net profit of ₹3,190.24 lakh for the financial year ended March 31, 2026, an increase from ₹2,110.63 lakh in the previous year. Revenue from operations for the year stood at ₹64,619.95 lakh, while total income was ₹69,152.55 lakh. The board approved the audited financial results for the fourth quarter and financial year ended March 31, 2026, on May 29, 2026.

The statutory auditors, Sen & Ray, Chartered Accountants, issued an unmodified audit report on the standalone and consolidated financial results. The auditors drew attention to a matter regarding shareholding by two subsidiaries, Intellect Buildcon Private Limited and Prakruti Commosale Private Limited, which held 8,22,654 shares equivalent to a 6.61% stake. This holding contravenes Section 19 of the Companies Act, 2013. The subsidiaries have commenced disposal of these shares, and the company, backed by legal opinion, believes no financial liability will arise, hence no provision was recognized.

Standalone Financial Performance

On a standalone basis, the company reported a net profit of ₹999.52 lakh for FY26, down from ₹2,311.95 lakh in the previous year. Revenue from operations decreased to ₹45,067.80 lakh from ₹77,226.73 lakh in FY25. Total expenses for the year were ₹46,705.65 lakh. The paid-up equity share capital increased to ₹1,243.81 lakh from ₹414.60 lakh in the prior year.

Consolidated Financial Performance

The consolidated financial results include the performance of subsidiaries such as Intellect Buildcon Private Limited, Prakruti Commosale Private Limited, and Halder Greenfuel Industries Limited. For the quarter ended March 31, 2026, the consolidated net profit was ₹1,913.40 lakh, compared to a loss of ₹841.34 lakh in the same quarter of the previous year. Revenue for the quarter rose to ₹29,991.35 lakh from ₹14,698.67 lakh.

Key Developments

During the quarter ended March 31, 2026, the board approved the issue and allotment of 793,650 convertible warrants at ₹315 per warrant to specified persons or entities via preferential allotment. These warrants are convertible into equity shares within 18 months from the date of allotment. The process is ongoing and subject to statutory approvals.

The company also disclosed the acquisition of the Haldia Manufacturing Unit of K.S. Oil Limited (In liquidation) pursuant to an order from the National Company Law Appellant Tribunal dated March 20, 2025. The company has taken possession and is developing the property. An amount of ₹5,614.09 lakh paid for the leasehold land was transferred to Right of Use Assets, and ₹4,430.09 lakh was incurred on development, with ₹2,282.20 lakh capitalized as of March 31, 2026.