Halder Venture Limited has informed the Exchange regarding Outcome of Board Meeting held on March 26, 2026.
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Halder Venture's board met on March 26, 2026 and took several key decisions. The internal auditor M/s Somnath Ray & Associates resigned on March 18, 2026, citing increased professional commitments, and M/s J Kumar Jain & Associates was appointed 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, subject to shareholder approval via postal ballot. Additionally, the company approved issuing up to 7,93,650 convertible warrants at Rs. 315 per warrant (including a Rs. 305 premium) to P.K. Bio Link Private Limited (a non-promoter entity), potentially raising around Rs. 24.99 crore on conversion.
The mid-term internal auditor change is a routine governance event but may raise minor investor questions about audit continuity. The proposed preferential warrant issue to a non-promoter entity signals potential capital raising (up to ~Rs. 25 crore), which could lead to equity dilution upon conversion and a change in the shareholder base, pending shareholder approval.