Shareholders are informed of the revised Valuation Report w.r.t preferential issue of warrants
HALDER · price
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Halder Venture Ltd, a rice and edible oil manufacturing company listed on NSE and BSE (scrip code: 539854), has submitted a revised valuation report for a proposed preferential issue of 7,93,650 Convertible Warrants. The revision was required because the stock exchanges classified the company's shares as 'frequently traded shares.' An independent registered valuer (CA Sanjay Jhajharia) prepared the report using three methodologies: Book Value method (Rs. 348.84/share), DCF method (Rs. 233.41/share), and P/E Multiple method (Rs. 524.89/share). The weighted average valuation came to Rs. 314.79 per share, rounded off to Rs. 315. This valuation is mandatory under SEBI ICDR Regulations for preferential issues exceeding 5% of post-issue diluted share capital.
The Rs. 315 per share valuation sets the floor price for the warrant issue. Existing shareholders should note that this is a dilutive event where new warrants can convert into equity, potentially affecting their stake percentage and the stock's near-term supply-demand dynamics.