Halder Venture Limited has informed the Exchange about General Updates regarding resignation and appointment of Internal Auditor
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Halder Venture's board, at its meeting on 26 March 2026, noted the resignation of internal auditor Somnath Ray & Associates (citing increased professional commitments) and appointed J Kumar Jain & Associates as the new internal auditor for FY 2025-26. The board also approved increasing the authorised share capital from Rs. 13.42 crore to Rs. 18.42 crore, creating 50 lakh additional equity shares of Rs. 10 each, subject to shareholder approval via postal ballot. In a separate move, the company plans to issue up to 7,93,650 convertible warrants at Rs. 315 each (including a Rs. 305 premium) to non-promoter entity P.K. Bio Link Private Limited, potentially raising around Rs. 25 crore through a preferential allotment. A postal ballot notice covering all these items has been approved and will be sent to shareholders for their consent.
The internal auditor swap is largely routine, though the resignation came just before the financial year-end. The bigger story is the proposed ~Rs. 25 crore preferential warrant issue to a single non-promoter investor, which will lead to equity dilution once the warrants are converted, and the corresponding hike in authorised capital to accommodate it. Shareholders should watch the postal ballot outcome and the identity/use of funds from the warrant issue.