Halder Venture has secured in-principle approval from the National Stock Exchange of India and BSE to issue 7,93,650 warrants on a preferential basis to non-promoters. The warrants are convertible into an equivalent number of equity shares with a face value of ₹10 each at a price of not less than ₹315 per share. This capital raise is subject to the company complying with the provisions of the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The stock exchanges granted the approval via letters dated July 09, 2026. The approval is specifically for the issue and allotment of the convertible warrants and does not constitute an approval for the listing of the resulting equity shares. Halder Venture is required to make a separate listing application without delay upon allotment, in accordance with Regulation 14 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance and Conditions

The exchanges have advised the company to strengthen internal controls to monitor trades executed by the proposed allottees. This measure is intended to prevent non-compliances regarding trades in contravention of Chapter V of the SEBI ICDR Regulations. Specifically, the company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell any shares in the company until the date of allotment.

The responsibility for verifying this undertaking and ensuring compliance rests solely with the issuer company. Any non-compliance observed by the exchanges post-verification could impact the listing of the shares. Additionally, the company must file the listing application within twenty days from the date of allotment, as per Schedule XIX of the ICDR Regulations and a SEBI circular dated June 21, 2023.

Key Details of the Allotment

The exchanges reserve the right to withdraw the in-principle approval if the information provided is found to be incomplete, incorrect, misleading, or false, or if it contravenes any rules or regulations.

Halder Venture Limited reported a net profit of ₹999.52 crore for the financial year ended March 31, 2026, a decrease from ₹2,311.95 crore in the previous year. Revenue from operations for FY26 stood at ₹45,067.80 crore, compared to ₹77,226.73 crore in FY25. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results were published on May 31, 2026, in Financial Express (English) and Duranta Barta (Bengali). The company submitted the publication details to the Bombay Stock Exchange on June 1, 2026.

The board recommended the appointment of M/s P. Somani & Co., Chartered Accountants, as the statutory auditor for a period of five years, subject to shareholder approval. This appointment is effective from the conclusion of the annual general meeting in FY27 until the conclusion of the AGM in FY32, following the completion of the tenure of the current statutory auditor, Sen & Ray, Chartered Accountants. Additionally, the board approved the appointment of J Pal & Co, Cost Accountants, as the cost auditor for FY27 and the reappointment of M/s J Kumar Jain & Associates as the internal auditor for FY27.

The statutory auditors noted an emphasis of matter regarding the holding of 8,22,654 shares, equivalent to 6.61% of the company, by two subsidiaries, Intellect Buildcon Private Limited and Prakruti Commosale Private Limited. This holding is in contravention of Section 19 of the Companies Act, 2013. The subsidiaries have commenced disposal of these shares, and the company, backed by legal opinion, believes this contravention will not result in financial liability; hence, no provision has been recognized.