Halder Venture Limited has informed the Exchange regarding Notice of Postal Ballot
HALDER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Halder Venture Limited has sent a postal ballot notice to shareholders seeking approval for two resolutions. The first is an ordinary resolution to increase the authorised share capital from Rs. 13.42 crore to Rs. 18.42 crore by adding 50 lakh new equity shares of Rs. 10 each, to make room for warrant conversions and future needs. The second is a special resolution to issue 7,93,650 fully convertible warrants on a preferential basis to non-promoter entity P.K. Bio Link Pvt. Ltd. at Rs. 315 per warrant (including Rs. 305 premium), aggregating to about Rs. 25 crore. The warrant holder must pay 25% upfront and the balance at the time of conversion into equity shares, with a maximum tenure of 18 months. The price of Rs. 315 is marginally above the floor price of Rs. 314.79 determined by an independent registered valuer. E-voting runs from March 31 to April 29, 2026, with results expected by May 1, 2026.
If approved, the company will raise approximately Rs. 25 crore from a single non-promoter allottee, with potential equity dilution of up to 7.93 lakh shares upon full warrant conversion. The funds are earmarked for business expansion (Rs. 12.5 crore) and working capital (Rs. 12.5 crore), which could support growth but will dilute existing shareholders' stakes.