HALDER: Shareholders are informed of the revised valuation report wrt the preferential issue of warrants
HALDER · price
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Halder Venture Limited has submitted a revised valuation report for its proposed preferential issue of 7,93,650 convertible warrants. The valuation was revised after NSE and BSE classified the company's shares as "frequently traded", triggering the need for an independent registered valuer's report under SEBI ICDR Regulations. CA Sanjay Jhajharia valued the equity shares using three methods: DCF (Rs.233.41), Book Value (Rs.348.84), and P/E Multiple (Rs.524.89). The weighted average valuation came to Rs.314.79 per share, rounded to Rs.315. The company is in rice and edible oil manufacturing, with operations across multiple countries including Singapore, Benin, Togo, Ghana, and Bangladesh.
The preferential warrant issue will dilute existing shareholders. The Rs.315 per share valuation provides the floor price for the warrant issue, ensuring compliance with SEBI regulations for frequently traded shares.