Halder Venture Limited has informed the Exchange regarding Outcome of Board Meeting held on March 26, 2026.
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The board accepted the resignation of internal auditor M/s Somnath Ray & Associates, who stepped down citing increased professional commitments, and appointed M/s 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 by creating an additional 50 lakh equity shares of Rs. 10 each. Separately, the company cleared a preferential issue of 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, which could raise around Rs. 25 crore if fully subscribed. All these decisions require shareholder approval through a postal ballot notice that the board has also approved.
The Rs. 25 crore preferential warrant issue to a non-promoter investor points to planned fundraising, likely for business expansion or working capital. Shareholders should watch for the postal ballot outcome and eventual conversion of warrants, which could lead to dilution of existing equity. The internal auditor change, while appearing routine, comes very close to fiscal year-end (March 31, 2026), so investors may want clarity on whether the audit work for FY 2025-26 will be completed on time by the new firm.