Regulatory10 Jul 2026, 11:42 am
Halder Venture Ltd Gets In-Principle Approval for Warrant Issue
AI Summary
Halder Venture Ltd has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited for the issuance of 7,93,650 warrants. These warrants are convertible into an equal number of equity shares of Rs. 10 face value each, at a price not less than Rs. 315 per share. The issuance will be on a preferential basis to non-promoters. The exchanges have granted this approval, subject to the company complying with all relevant regulations, including the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and SEBI (ICDR) Regulations, 2018. Halder Venture Ltd is advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions.
Key Highlights
- In-principle approval received for issuing 7,93,650 warrants.
- Warrants convertible into equity shares at Rs. 315+ each.
- Issue is on preferential basis to non-promoters.
- Company must comply with SEBI and Companies Act regulations.
- Internal controls and allottee undertakings are required.
Price Impact
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