Halder Venture Shareholders Approve Convertible Warrants Issue and Capital Increase
Halder Venture Limited has successfully completed its postal ballot process with overwhelming shareholder approval for both authorized share capital increase (99.9998%) and issuance of 7,93,650 convertible warrants at Rs. 315 per warrant (99.9973%). The e-voting process conducted from March 31 to April 29, 2026, saw participation from 79 out of 2,701 eligible shareholders, with the scrutinizer's report confirming regulatory compliance and proper execution of the voting process.
*this image is generated using AI for illustrative purposes only.
Halder Venture Limited has officially declared the results of its postal ballot process, with shareholders overwhelmingly approving both the increase in authorized share capital and the preferential issuance of fully convertible warrants. The company submitted the voting results and scrutinizer's report to NSE and BSE on April 30, 2026, confirming that both resolutions were passed by the requisite majority.
Voting Results Summary
The remote e-voting process, conducted from March 31, 2026 at 10:00 a.m. IST to April 29, 2026 at 5:00 p.m. IST, saw participation from 79 shareholders out of 2,701 on record. Members holding shares as on the cut-off date of March 27, 2026 were entitled to vote. Both resolutions received overwhelming approval from shareholders across promoter and public categories.
| Resolution Type: | Votes in Favor | Votes Against | Total Votes Polled | Approval Percentage |
|---|---|---|---|---|
| Ordinary Resolution (Capital Increase): | 95,37,125 | 15 | 95,37,140 | 99.9998% |
| Special Resolution (Convertible Warrants): | 95,36,878 | 262 | 95,37,140 | 99.9973% |
Convertible Warrants Issue Details
The approved preferential issue involves 7,93,650 convertible warrants with the following key parameters:
| Parameter: | Details |
|---|---|
| Number of Warrants: | 7,93,650 |
| Price per Warrant: | Rs. 315.00 |
| Premium per Warrant: | Rs. 305.00 |
| Face Value: | Rs. 10.00 |
Category-wise Voting Breakdown
The promoter and promoter group, holding 91,65,819 shares, cast 83,43,165 votes with 100% approval for both resolutions. Public non-institutional holders, with 32,72,316 shares, contributed 11,93,975 votes, showing 99.9987% support for the capital increase and 99.9781% for the warrants issue. No institutional holders participated in the voting process.
Official Scrutinizer's Report
Manoj Prasad Shaw (FCS: 5517, CP: 4194) of M/S Manoj Shaw & Co Practicing Company Secretaries served as the scrutinizer for the postal ballot process. The scrutinizer's report, dated April 29, 2026, confirmed that both the ordinary resolution for capital increase and special resolution for convertible warrants issuance were passed by the requisite majority. The report was witnessed by Nikita Chokhani and Arit Karmakar, and counter-signed by Managing Director Keshab Kumar Halder on April 30, 2026.
Regulatory Compliance
The company has submitted the voting results to both NSE (Symbol: HALDER) and BSE (Script Code: 539854) as required under Regulation 44 of the SEBI LODR Regulations. The pricing of Rs. 315.00 per warrant was determined based on an independent valuation report, which recommended a minimum price of Rs. 314.79 per equity share. All voting results and scrutinizer's report are available on the company's website and NSDL's portal for public access.
Historical Stock Returns for Halder Venture
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.06% | -3.69% | -2.25% | -9.38% | -9.38% | -9.38% |
What strategic initiatives or expansion plans does Halder Venture intend to fund with the Rs. 250 crores raised through the convertible warrants issue?
How will the potential dilution from warrant conversion impact existing shareholders' ownership percentages and the company's earnings per share?
What timeline has the company established for warrant holders to exercise their conversion rights, and what factors might influence conversion rates?
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