Halder Venture Limited has submitted its quarterly compliance certificate to stock exchanges, confirming adherence to SEBI dematerialisation regulations for the quarter ended March 31, 2026. The filing demonstrates the company's commitment to maintaining regulatory compliance with depositories and participants regulations.

Regulatory Compliance Filing

The company filed the certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 9, 2026. Company Secretary and Compliance Officer Ayanti Sen submitted the documentation to both the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

Dematerialisation Status Report

Maheshwari Datamatics Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 2, 2026. The certificate confirms that no dematerialisation requests for equity shares of Halder Venture Limited were processed during the period from January 1, 2026 to March 31, 2026.

Company Information

Halder Venture Limited operates with CIN number L74210WB1982PLC035117 and maintains its registered office at Diamond Heritage, 16 Strand Road, 10th Floor, Unit 1012, Kolkata 700001. The company's shares are identified by ISIN INE115S01010 for trading and settlement purposes.

This quarterly filing represents part of the company's ongoing regulatory obligations to maintain transparency with market participants and ensure compliance with SEBI's depositories framework.

Halder Venture Limited has received a significant credit rating update from Crisil Ratings Limited, with the rating agency migrating the company's long-term rating and reassigning its short-term facilities rating. The company formally intimated the stock exchanges about this development on March 31, 2026.

Rating Migration Details

Crisil Ratings has migrated the company's long-term rating to 'Crisil BBB-/Stable' from the previous 'Crisil BB+/Stable Issuer Not Cooperating' status. The rating agency has also reassigned 'Crisil A3' rating to the short-term bank debt facilities.

The migration occurred after the company management started sharing requisite information necessary for carrying out a comprehensive review of the ratings, following a period where inadequate information had led to the 'Issuer Not Cooperating' status.

Financial Performance and Business Position

The Halder group, which includes multiple entities operating in rice milling and edible oil processing, demonstrated strong revenue growth with operating income reaching Rs 870.88 crore in fiscal 2025, compared to Rs 646.19 crore in fiscal 2024.

The company's networth stood at Rs 153.33 crore with a gearing ratio of 1.94 times as of March 31, 2025. The debt protection metrics showed improvement with interest coverage and net cash accrual to total debt ratios of more than 2.55 times and 9% respectively in fiscal 2025.

Business Strengths and Market Position

Crisil Ratings highlighted the company's established market position built over six decades of promoter experience in the rice milling business since 1924. The company deals with over 1,000 wholesalers and retailers across East India and has prominent brand presence in the parboiled rice segment in overseas markets through its Bhojmoti, Moti, and Odaana brands.

The rating agency noted the company's moderate financial risk profile, supported by robust debt protection metrics and a moderate capital structure that cushions credit risk from sudden business condition changes.

Key Challenges and Risk Factors

The rating reflects several challenges facing the company:

• Capital Expenditure Risks: The company has invested in a new unit in Haldia purchased from KS Oils, including storage tanks, packaging unit, and refinery, with total acquisition and renovation costs estimated at Rs 155 crore
• Market Competition: Exposure to intense competition in edible oils industry and volatility in raw material prices
• Working Capital Requirements: Operations remain working capital intensive with gross current assets at 190 days as of March 31, 2025

Facility-wise Rating Breakdown

The rated facilities include various banking arrangements across multiple lenders:

The company maintains banking relationships with major institutions including ICICI Bank, Bank of India, Axis Bank, Union Bank of India, and State Bank of India among others.

Outlook and Rating Sensitivity

Crisil Ratings maintains a stable outlook, believing the group will continue to benefit from its established brand presence and extensive promoter experience. The rating could see upward movement with swift ramp-up of new capex resulting in significant revenue growth and improved operating margins, while substantial decline in revenue and profitability could lead to downward pressure.