💡 Company announced preferential issue of 793,650 convertible warrants at ₹315 each to fund capacity expansion in edible oil refining and rice milling.
What Happened
Halder Venture Limited has issued a corrigendum to its Postal Ballot notice regarding a proposed preferential issue of 7,93,650 convertible warrants at ₹315 each. The company is seeking shareholder approval for this fundraise to finance business expansion plans. The corrigendum provides updated details on the utilization of proceeds following observations from NSE and BSE.
Key Details
- Company: Halder Venture Limited
- Event Type: Fundraise
- Filing Date: 13-Apr-2026 16:23:37
- NSE Filing: View Document
Why It Matters
The preferential issue aims to raise capital for significant expansion initiatives. The company plans to install a 500 metric ton edible oil refining unit at its newly acquired Haldia facility, which would expand its product range and strengthen its position in eastern India. Additionally, Halder Venture intends to increase utilization of its existing rice mill units from 50% to 70-80% capacity to meet growing foreign market demand. The funds will also support working capital requirements and general corporate purposes, potentially improving the company's financial health and competitive position in the agri-processing sector.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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