Whalesbook
Halder Venture Limited has announced a plan to raise approximately ₹250 crore through a preferential issue of convertible warrants, subject to shareholder approval.
The company is seeking to increase its authorized share capital from ₹13.43 crore to ₹18.43 crore. This increase will enable the issuance of 7,93,650 convertible warrants to non-promoters at a price of ₹315 per warrant. The funds raised are intended for capital expansion and to boost working capital.
Shareholders will vote on these proposals via postal ballot and remote e-voting. The voting period runs from March 31 to April 29, 2026, with results expected to be announced by May 1, 2026.
This capital infusion is considered crucial for Halder Venture's growth strategy, providing the necessary financial resources for expansion initiatives and strengthening operational capabilities.
This is not the first time Halder Venture has sought external capital. In November 2022, the company raised approximately ₹30.24 crore through a preferential issue of warrants to non-promoters. Those funds were designated for working capital and general corporate purposes.
Upon the conversion of these warrants, Halder Venture's equity base will expand. This expansion carries a potential risk of diluting the ownership percentage for existing shareholders.
Investors should also note that warrant holders might not exercise their rights within the 18-month period following allotment, which could lead to the forfeiture of amounts already paid. Additionally, the actual utilization of the raised funds might vary by approximately 10% from the planned amounts, depending on market conditions and management estimates.