Outcome of Board Meeting regarding Resignation and Appointment of Internal Auditor
HALDER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Halder Venture Limited's board, at its meeting on March 26, 2026, accepted the resignation of internal auditor M/s Somnath Ray & Associates (effective March 18, 2026) due to increased professional commitments, and appointed M/s J Kumar Jain & Associates, a Kolkata-based peer-reviewed firm, 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 adding 50 lakh equity shares of Rs. 10 each, subject to shareholder approval via postal ballot. Additionally, the company proposes to issue up to 7,93,650 convertible warrants at Rs. 315 each (face value Rs. 10, premium Rs. 305) to P.K. Bio Link Private Limited, a non-promoter entity, on a preferential basis, potentially raising approximately Rs. 25 crore. A postal ballot notice was approved to seek shareholder consent for these matters.
The preferential warrant issue of ~Rs. 25 crore to a non-promoter entity is a meaningful capital infusion but will lead to dilution of existing shareholders once warrants are converted. The mid-term change in internal auditor is notable and shareholders should watch for any governance concerns, though the stated reason (workload) is benign. The authorised capital expansion signals preparation for further fundraising.