1. Amendment in AOA. 2. Issue of bonus equity shares. 3. Fixation of record date for payment of bonus equity shares. 4. Approval of postal ballot notice.
HALDER · price
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Awaiting price reaction for this filing.
Halder Venture's board has approved a bonus issue of equity shares in the ratio of 2:1, meaning 2 new fully paid-up shares (face value Rs. 10 each) for every 1 existing share held. Approximately 82.92 lakh new shares will be issued, amounting to about Rs. 8.29 crore, funded entirely from the company's securities premium account (which had about Rs. 50.41 crore in free reserves and securities premium as on March 31, 2025). The record date for eligibility has been fixed as Monday, September 1, 2025, and bonus shares are expected to be credited by September 22, 2025. The total share count will rise from around 41.46 lakh to about 1.24 crore shares post-issue. The board also approved amendments to the Articles of Association (mainly to enable capitalisation of reserves for bonus issues) and a postal ballot notice, since shareholder approval is required to complete the bonus issue.
Short-term positive sentiment is likely, as bonus issues often improve stock liquidity and signal management confidence, though the share price typically adjusts downward proportionally on the ex-date. The issue is subject to shareholder approval via postal ballot, so the outcome remains pending.