Halder Venture Limited has informed the Exchange regarding voting results of Postal Ballot
HALDER · price
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Halder Venture Limited has disclosed the results of its Postal Ballot conducted through remote e-voting. Shareholders approved two key resolutions: (1) Increase in Authorised Share Capital and consequent alteration to the Memorandum of Association (passed with 99.9998% in favour, representing 9,537,125 votes), and (2) Issuance of Fully Convertible Warrants into Equity Shares on a Preferential Basis to non-promoter category persons (passed with 99.9973% in favour, representing 9,536,878 votes). The voting took place from March 31 to April 29, 2026, with a combined total of 79 members participating across both resolutions. This marks the company's first major warrant issuance programme targeting non-promoter investors.
The approval of convertible warrants issuance to non-promoter investors is moderately negative for existing shareholders as it will lead to equity dilution upon conversion. The warrants effectively give non-promoters an option to acquire equity at a predetermined price in the future, which could impact earnings per share and control structure.