Halder Venture Limited has informed the Exchange about General Updates on the comment of Board with regard to fine levied by BSE
HALDER · price
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BSE imposed a fine of Rs. 5,42,800 (including 18% GST) on Halder Venture for non-compliance with SEBI's Regulation 17(1) relating to board composition, including the requirement to appoint a woman director, for the quarter ended September 30, 2025. The non-compliance arose because corporate governance norms under SEBI LODR became applicable to the company only from January 1, 2025, following an NCLT-approved scheme of amalgamation, and the company was still in the process of identifying a suitable independent director with marketing expertise. The company became fully compliant from November 14, 2025, intimated BSE on December 8, 2025, and has filed a waiver application with BSE on December 1, 2025. The Board has reviewed the matter, confirmed current compliance, and advised the management to take greater care in meeting listing regulations in the future.
This is a relatively minor compliance issue with a modest financial penalty, and the company has since become fully compliant and sought a waiver. For shareholders, the immediate impact is limited, but the company is on notice — a second consecutive quarter of non-compliance could result in transfer to the 'Z' group and potential suspension of trading, which is a key risk to monitor.