Appointment of Internal Auditor
HALDER · price
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Halder Venture's board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended 30 June 2025) along with a limited review report from statutory auditors Sen & Ray. At the consolidated level, revenue from operations fell to about Rs. 10,320.58 lakhs from Rs. 16,631.63 lakhs in the same quarter last year — a sharp drop of roughly 38%. Despite the revenue decline, the company swung back to profit, posting a consolidated net profit of Rs. 285.87 lakhs versus a loss of Rs. 841.34 lakhs in Q1 FY25. The board also reappointed Gautam K Dutta and Associates as Internal Auditor for FY 2025-26. Separately, the company approved a 2:1 bonus share issue (record date 1 September 2025, pending postal ballot approval on 26 August 2025), acquired the Haldia manufacturing unit of K.S. Oil (in liquidation) for Rs. 6,391.85 lakhs (treated as capital advance), and included a newly acquired subsidiary LLC Halroots in consolidation.
Mixed signals for shareholders — the bonus issue is share-holder friendly, but the steep Q1 revenue decline is a concern even though profits improved on lower costs. The K.S. Oil Haldia unit acquisition adds significant capital outlay and the pending dividend receivable of Rs. 1,688.24 lakhs from foreign subsidiary Hal Exim remains uncollected, which investors should track.