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Halder Venture Ltd (539854)

📊 BSE: 539854 🏢 Other Agricultural Products 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Halder Venture's revenue was ₹187 Cr (+81.6% year on year, -37.6% on the previous quarter), and net profit ₹3.5 Cr (+15.3% year on year); the operating margin was 8.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹187	+81.6%	-37.6%
Operating profit	₹14.9	+148.1%	-25.6%
Net profit	₹3.5	+15.3%	-81.8%
EPS (₹)	2.78	+21.9%	-78.6%
Operating margin	8.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Demise of Promoter Prabhat Kumar Haldar Holding 13.625% Stake in Halder Venture

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 06 Oct 2026, 05:30 PM

Halder Venture Ltd has announced the sad demise of promoter Mr. Prabhat Kumar Haldar on October 06, 2026. He held 16,94,688 shares representing a 13.625% equity stake in the company. In accordance with Regulation 31A(6)(c) of SEBI LODR Regulations, he ceases to be part of the promoter/promoter group. The operational continuity remains under Managing Director Keshab Kumar Halder.

Demise of Promoter Mr. Prabhat Kumar Haldar occurred on October 06, 2026
Held 16,94,688 shares representing 13.625% of the company's total equity
Ceases to be part of the promoter/promoter group per Regulation 31A(6)(c) of SEBI LODR

💡 Monitor upcoming shareholding pattern filings to track the transmission/succession of the 13.625% promoter stake.

Demise of Promoter Prabhat Kumar Haldar Holding 13.625% Stake in Halder Venture

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 06 Oct 2026, 05:25 PM

Demise of Promoter Mr. Prabhat Kumar Haldar occurred on October 06, 2026
Held 16,94,688 shares representing 13.625% of the company's total equity
Ceases to be part of the promoter/promoter group per Regulation 31A(6)(c) of SEBI LODR

💡 Monitor upcoming shareholding pattern filings to track the transmission/succession of the 13.625% promoter stake.

Halder Venture Completes Dispatch of 44th AGM Notice & FY26 Annual Report to 2,648 Shareholders

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Aug 2026, 01:05 PM

Halder Venture Limited has announced the completion of dispatch of its 44th Annual General Meeting (AGM) Notice and Annual Report for FY 2025-26. Electronic copies were dispatched via email to 2,082 registered shareholders on August 14, 2026. Physical letters containing the website link were dispatched via postal services to 566 shareholders without registered email addresses on the same date. This is a standard statutory compliance filing under SEBI LODR Regulations.

Dispatched AGM Notice and FY26 Annual Report electronically to 2,082 registered email holders on August 14, 2026
Dispatched 566 physical letters via ordinary post for shareholders without registered emails on August 14, 2026
Total shareholder dispatches processed stands at 2,648 members
Filing confirms compliance under Regulation 30 and Regulation 36(1)(b) of SEBI LODR Regulations

💡 Shareholders can review the Annual Report FY 2025-26 on the company's website to evaluate audited financial statements, operational progress, and proposed resolutions ahead of the AGM.

Q1 Revenue up 68.7% YoY to ₹180 Cr; Auditor flags ₹66.8 Cr non-moving inventory

🔵 WATCH ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 09:05 PM

Halder Venture reported a strong 68.7% YoY revenue growth to ₹180.01 Cr for Q1 FY27, with net profit rising 42.7% to ₹5.61 Cr. However, the statutory auditor highlighted significant concerns regarding ₹66.83 Cr of inventory (rice and rice bran oil) that has been non-moving for over two years and is still carried at cost. Additionally, the company faces regulatory hurdles, including a contravention of the Companies Act regarding subsidiary shareholding and ongoing litigation over a ₹6.08 Cr Mumbai property. Finance costs remain elevated at ₹9.07 Cr, reflecting the company's high debt-to-equity ratio of 2.02.

Revenue from operations grew 68.7% YoY to ₹180.01 Cr from ₹106.72 Cr.
Net profit increased 42.7% YoY to ₹5.61 Cr compared to ₹3.93 Cr in Q1 FY26.
Auditor flagged ₹66.83 Cr of inventory non-moving for over 2 years, representing ~37% of the company's net worth.
Finance costs rose to ₹9.07 Cr for the quarter, up from ₹8.22 Cr in the year-ago period.
Preferential allotment of 7,93,650 convertible warrants at ₹315 per warrant is currently ongoing.

💡 Investors should monitor the management's ability to liquidate the ₹66.83 Cr non-moving inventory without significant write-downs. Additionally, watch for the resolution of the subsidiary shareholding contravention and the technical evaluation of the Haldia plant assets which may increase future depreciation expenses.

Halder Venture Q1 FY27: Revenue up 69% to ₹180 Cr; Auditor flags ₹66.8 Cr non-moving inventory

🔵 WATCH ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 09:00 PM

Halder Venture reported a strong 68.7% YoY revenue growth to ₹180.01 Cr for Q1 FY27, with net profit rising 43% to ₹5.61 Cr. However, the statutory auditor issued an emphasis of matter regarding ₹66.83 Cr of rice and oil inventory that has been non-moving for over two years and is still carried at cost. The company is also in contravention of Section 19 of the Companies Act as its subsidiaries hold a 6.62% stake in the parent company. Furthermore, the transfer of leasehold rights for the ₹56.14 Cr Haldia refinery assets remains pending.

Revenue from operations increased 68.7% YoY to ₹180.01 Cr from ₹106.72 Cr.
Net profit grew 42.8% YoY to ₹5.61 Cr compared to ₹3.93 Cr in the previous year's quarter.
Auditor flagged ₹38.98 Cr of rice and ₹27.85 Cr of rice bran oil inventory non-moving for over 24 months.
Subsidiaries hold 8,22,654 shares (6.62% stake) in contravention of Section 19 of the Companies Act.
Finance costs remained high at ₹9.07 Cr for the quarter, reflecting the company's ₹361 Cr debt load.

💡 Investors should monitor the disposal of the non-moving inventory, as any write-down to net realizable value could significantly impact the net worth of ₹179 Cr. Watch for the completion of the Haldia refinery lease transfer and the resolution of the subsidiary shareholding contravention.

44th AGM: Halder Venture Ltd Announces Book Closure from Sept 01 to Sept 07, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 06:39 PM

Halder Venture Ltd has announced its book closure dates from September 01, 2026, to September 07, 2026, for the purpose of its 44th Annual General Meeting (AGM). This is a standard regulatory procedure to determine the list of shareholders eligible to participate in the meeting for the financial year 2025-26. The company, which operates in the agricultural products sector, currently has a market capitalization of Rs 379 Cr and reported TTM revenue of Rs 646 Cr. No dividend or specific corporate action beyond the AGM was detailed in this specific intimation.

Register of Members and Share Transfer Books will be closed for 7 days from September 01 to September 07, 2026.
The closure is intended for the 44th Annual General Meeting for the financial year 2025-26.
The company maintains a high promoter holding of 73.69% as of the latest March 2026 filing.
Halder Venture reported a TTM PAT of Rs 32 Cr, reflecting a P/E ratio of 11.8.

💡 Investors should monitor the upcoming full AGM notice for details on potential dividend declarations or strategic updates regarding the Haldia refinery expansion.

Rs 646 Cr Revenue: Halder Venture Ltd Releases FY26 Annual Report and AGM Notice

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 06:34 PM

Halder Venture Ltd has released its Annual Report for FY 2025-26, reporting a revenue of Rs 646.20 Cr and a Profit After Tax (PAT) of Rs 31.90 Cr. The company highlighted its strategic focus on the newly acquired Haldia refinery and the expansion of its premium 'Bhojmoti' brand. Export volumes reached 20,000 MT across seven international destinations, including Asia and Africa. The 44th Annual General Meeting (AGM) is scheduled for September 07, 2026, via video conferencing.

Revenue from operations for FY 2025-26 stood at Rs 646.20 Cr
Profit After Tax (PAT) reached Rs 31.90 Cr for the fiscal year
Export volumes totaled 20,000 MT across 7 international destinations
Achieved 24 tonnes per day steam savings through integration at Ahmadpur Unit I
Promoter holding remains stable at approximately 73.72% as of March 2026

💡 Monitor the upcoming AGM on September 07, 2026, for management updates on the full operationalization of the Haldia refinery and the scaling of the Singapore-based subsidiary.

Rs 1,000 Cr: Halder Venture seeks to triple borrowing limits and investment headroom

🔵 WATCH ⭐ 7/10

BOARD_MEETING 📅 13 Aug 2026, 06:28 PM

Halder Venture Ltd has issued a notice for its 44th AGM on September 07, 2026, proposing a massive increase in financial headroom. The company seeks shareholder approval to raise borrowing and investment/loan limits to Rs 1,000 Crores each, a significant jump from its current net worth of Rs 179 Crores. Other key items include the appointment of M/s P. Somani & Co. as statutory auditors for five years and a proposal to pay a 1% commission on net profits to Non-Executive Director Mrs. Poulomi Halder. This move signals potential large-scale expansion or M&A activity following its recent Haldia refinery acquisition.

Proposed increase in borrowing limits under Section 180(1)(c) to Rs 1,000 Crores
Proposed increase in investment, loan, and guarantee limits under Section 186 to Rs 1,000 Crores
Proposed 1% commission on net profits for Non-Executive Director Mrs. Poulomi Halder starting FY 2026-27
Appointment of M/s P. Somani & Co. as Statutory Auditors for a 5-year term until the 49th AGM
AGM scheduled for September 07, 2026, to be held via Video Conferencing

💡 Investors should monitor the AGM voting results and look for management commentary regarding the specific utilization of the proposed Rs 1,000 Cr borrowing headroom, especially given the current high Debt-to-Equity ratio of 2.02.

Halder Venture proposes Rs 1,000 Cr borrowing limit at 44th AGM on Sept 7, 2026

🔵 WATCH ⭐ 6/10

BOARD_MEETING 📅 13 Aug 2026, 06:23 PM

Halder Venture has scheduled its 44th AGM for September 7, 2026, to seek shareholder approval for several key resolutions. The most significant proposal is to increase the company's borrowing and investment limits to Rs 1,000 crore each, which is approximately 5.6x its current net worth of Rs 179 crore. Other items include the appointment of M/s P. Somani & Co. as statutory auditors for five years and a new commission for a non-executive director capped at 1% of net profits. These enabling resolutions suggest the company is preparing for substantial capital deployment, likely for its Haldia refinery and export expansion.

Proposed borrowing limit increased to Rs 1,000 crore, significantly higher than the current debt of Rs 361 crore
Investment, loan, and guarantee limits also proposed to be capped at Rs 1,000 crore
Appointment of M/s P. Somani & Co. as Statutory Auditors for a 5-year term starting from this AGM
Proposal to pay commission to Non-Executive Director Mrs. Poulomi Halder up to 1% of annual net profits
AGM to be held virtually on September 7, 2026, to adopt FY26 audited financial statements

💡 Monitor the voting results of the AGM, particularly the special resolution for the Rs 1,000 crore borrowing limit, as this indicates the scale of management's future expansion ambitions.

Halder Venture Ltd Board Meeting on August 13, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 07 Aug 2026, 10:39 AM

Halder Venture Ltd has scheduled a board meeting for August 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company reported TTM revenue of ₹646 Cr and a PAT of ₹32 Cr. The market will be watching for the operational impact of the newly acquired Haldia refinery and the performance of the 'Bhojmoti' brand. The trading window for insiders has been closed since July 1, 2026, as per regulatory requirements.

Board meeting scheduled for August 13, 2026, at 04:00 PM in Kolkata.
Financial results to be approved for the quarter ended June 30, 2026.
Trading window closed from July 1, 2026, until 48 hours post-announcement.
Company reported a significant revenue jump to ₹300 Cr in the March 2026 quarter compared to ₹145 Cr in December 2025.

💡 Monitor the results on August 13 to evaluate the sustainability of the high revenue growth seen in the previous quarter and the impact of the Haldia refinery integration on margins.

Rs 25 Cr Fundraise: Halder Venture Allots 7.93 Lakh Warrants at Rs 315 per Share

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 24 Jul 2026, 04:32 PM

Halder Venture Ltd has approved the allotment of 7,93,650 equity convertible warrants to P.K. Bio Link Private Limited, a non-promoter entity. The warrants are issued at Rs 315 per share, which is a significant premium of approximately 34% over the current market price of Rs 235.2. The total fundraise is valued at approximately Rs 25 crore, with the company having already received the mandatory 25% upfront subscription amount (approx. Rs 6.25 crore). This capital infusion is notable given the company's high debt-to-equity ratio of 2.02.

Allotment of 7,93,650 equity convertible warrants to a single non-promoter allottee, P.K. Bio Link Private Limited.
Issue price set at Rs 315 per warrant, representing a ~34% premium to the current market price of Rs 235.2.
Total potential fundraise of Rs 25 crore, which is approximately 7.7% of the current market capitalization of Rs 326 crore.
Initial 25% of the subscription amount has been received by the company as per regulatory requirements.
Warrants are convertible into equivalent equity shares within 18 months from the date of allotment.

💡 Investors should monitor the specific utilization of these funds, particularly whether they are used to reduce the high debt of Rs 361 crore or to accelerate the operationalization of the Haldia refinery.

Rs 25 Cr Fundraise: Halder Venture Allots 7.93 Lakh Warrants at Rs 315 per Share

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 24 Jul 2026, 04:28 PM

Halder Venture Ltd has approved the allotment of 7,93,650 equity convertible warrants to P.K. Bio Link Private Limited (Non-Promoter) at a price of Rs 315 per warrant. This represents a total fundraise of approximately Rs 25 crore, which is roughly 7.7% of the company's current market capitalization. The company has received the mandatory 25% upfront subscription amount (Rs 6.25 crore). The warrants are issued at a significant premium of ~34% over the current market price of Rs 235.2, indicating strong investor interest.

Allotment of 7,93,650 equity convertible warrants to a non-promoter entity, P.K. Bio Link Private Limited.
Issue price fixed at Rs 315 per warrant, including a premium of Rs 305 per warrant.
Total fundraise value of approximately Rs 25 crore upon full conversion.
Initial 25% subscription amount (Rs 6.25 crore) already received by the company.
Warrants are convertible into equity shares within 18 months from the date of allotment.

💡 Investors should monitor the utilization of these funds, particularly whether they are used to deleverage the balance sheet (Debt/Equity is high at 2.02) or to accelerate the operationalization of the Haldia refinery.

CRISIL Upgrades Long-Term Rating to 'BBB-/Stable' for Rs 387.27 Cr Bank Facilities

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 17 Jul 2026, 05:54 PM

Halder Venture Ltd has received a credit rating upgrade from CRISIL for its bank loan facilities totaling Rs 387.27 crore. The long-term rating has been moved to 'CRISIL BBB-/Stable' from 'CRISIL BB+/Stable ISSUER NOT COOPERATING', marking a shift to investment grade and the removal of the non-cooperation tag. The short-term rating was reassigned at 'CRISIL A3'. This rating action covers a wide range of facilities across multiple banks, including a significant Rs 115 crore cash credit from Bank of India.

Total bank loan facilities rated at Rs 387.27 crore across 15 different bank lines
Long-term rating upgraded to CRISIL BBB-/Stable from CRISIL BB+/Stable (Issuer Not Cooperating)
Short-term rating reassigned at CRISIL A3 for non-fund based limits
Largest single facility is a Rs 115 crore Cash Credit from Bank of India
Rating validity is established until March 31, 2027

💡 Monitor the company's upcoming quarterly results to see if the improved credit profile translates into lower finance costs. Watch for any further updates on the utilization of the Rs 13.07 crore proposed term loan mentioned in the rating annexure.

Halder Venture receives approval for Rs 25 Cr+ fundraise via 7.93 lakh warrants

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 10 Jul 2026, 11:52 AM

Halder Venture Ltd has received in-principle approval from both NSE and BSE for the issuance of up to 7,93,650 convertible warrants. These warrants are to be issued to non-promoters on a preferential basis at a minimum price of Rs. 315 per warrant. This represents a potential capital infusion of approximately Rs. 25 crore. The warrants are convertible into equity shares of Rs. 10 each on a 1:1 basis, subject to final allotment and listing procedures.

Issuance of up to 7,93,650 convertible warrants to non-promoter entities
Minimum issue price fixed at Rs. 315 per warrant, implying a total raise of at least Rs. 25 crore
In-principle approval received from both NSE and BSE on July 09, 2026
Warrants are convertible into equity shares of face value Rs. 10 each
Exchange has mandated strict internal controls to prevent insider trading by proposed allottees

💡 Investors should monitor the official allotment date and the subsequent disclosure regarding the specific utilization of these funds for business growth or debt reduction.

Rs 25 Cr Fundraise: Halder Venture Receives In-Principle Approval for 7.93 Lakh Warrants

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 10 Jul 2026, 11:42 AM

Halder Venture Ltd has received in-principle approval from both NSE and BSE for the issuance of up to 7,93,650 convertible warrants. These warrants are to be issued to non-promoters on a preferential basis at a minimum price of Rs. 315 per unit. The total potential capital infusion is approximately Rs. 25 crore upon full conversion of these warrants into equity shares. This regulatory clearance allows the company to proceed with the allotment subject to standard SEBI (ICDR) compliance.

In-principle approval received for 7,93,650 convertible warrants to non-promoters.
Minimum issue price fixed at Rs. 315 per warrant, representing a significant premium over the Rs. 10 face value.
Total estimated fundraise value stands at approximately Rs. 25 crore.
Approvals received from both NSE and BSE on July 09, 2026.
Warrants are convertible into an equal number of equity shares (1:1 ratio).

💡 Investors should monitor the official allotment date and the disclosure of the specific non-promoter entities participating in the fundraise to assess the quality of the new capital partners.

View All 539854 Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company recorded a 23.8% growth in total revenue, reaching an estimated INR 800 Cr in FY 2024-25 compared to INR 646.2 Cr in FY 2023-24. Growth was driven by the resumption of non-basmati rice exports and a steady ramp-up in the edible oil processing segment.

Geographic Revenue Split

Not explicitly disclosed by percentage, but the company maintains a strong market presence in East India and international export markets, with recent revenue recovery attributed to the removal of export bans on non-basmati rice.

Profitability Margins

Net Profit Margin improved to 2.98% in FY 2024-25 from 1.79% in FY 2023-24. This 119 bps expansion was primarily driven by higher 'other income' and improved operational efficiencies following the amalgamation of group entities.

EBITDA Margin

Operating Profit Margin increased to 7.27% in FY 2024-25 from 5.59% in FY 2023-24, representing a 30% YoY improvement in core operational profitability due to better capacity utilization and stable realizations.

Capital Expenditure

The company undertook significant strategic expansion by acquiring an edible oil refinery in Haldia from KS Oils Ltd (under liquidation). While the exact INR value of the acquisition is not disclosed, bank loan facilities were enhanced to INR 387.27 Cr to support operational scaling.

Credit Rating & Borrowing

CRISIL upgraded the outlook to 'Positive' from 'Stable' while reaffirming the rating at 'BBB-'. The company manages total bank loan facilities of INR 387.27 Cr, with net cash accruals of over INR 30 Cr comfortably covering repayment obligations of less than INR 5 Cr.

⚙️ Operational Drivers

Raw Materials

Primary raw materials include paddy, rice bran, and crude edible oils (sunflower, soyabean, and mustard). These constitute the bulk of the cost of goods sold, though specific percentage splits per material are not disclosed.

Import Sources

Raw materials are sourced domestically from West Bengal (Birbhum) and imported through the Haldia port, which provides strategic proximity for imported crude edible oil processing.

Key Suppliers

Not specifically named, but the company maintains longstanding relationships with a network of regional farmers and international suppliers for its edible oil refinery.

Capacity Expansion

The acquisition of the Haldia refinery marks a major capacity expansion in edible oil processing. The unit's port proximity is expected to significantly enhance imported oil processing volumes and long-term revenue efficiency.

Raw Material Costs

Raw material costs are highly sensitive to climatic conditions and global commodity price volatility. The company uses supply chain optimization and strategic procurement at its Haldia unit to mitigate these fluctuations.

Manufacturing Efficiency

Operating profitability is supported by healthy capacity utilization. The integration of newly acquired refining infrastructure is expected to further boost production efficiency and open new revenue channels.

Logistics & Distribution

The Haldia refinery acquisition provides a logistics advantage due to port proximity, reducing the cost of transporting imported crude oils to processing units.

📈 Strategic Growth

Expected Growth Rate

23.8%

Growth Strategy

Growth will be achieved through the operationalization of the newly acquired Haldia refinery, expansion of the premium 'Bhojmoti' brand in domestic markets, and scaling export operations following the removal of non-basmati rice restrictions. The amalgamation of five group companies into HVL has also strengthened the balance sheet for future expansion.

Products & Services

Parboiled rice, puffed rice, rice bran, rice bran oil, sunflower oil, soyabean oil, mustard oil, and de-oiled rice bran cakes.

Brand Portfolio

Bhojmoti, Moti, and Odaana.

New Products/Services

Launched premium parboiled rice varieties including Banskathi and Jeerakathi under the Bhojmoti brand to capture higher-margin domestic consumer segments.

Market Expansion

Expanding footprint in the manufacturing sector via the Haldia unit and increasing export potential in international markets through its Singapore-based subsidiary, Hal Exim Pte Ltd.

Market Share & Ranking

Not disclosed as a specific percentage, but recognized as an established player in the East India rice and edible oil markets.

Strategic Alliances

Completed a major scheme of amalgamation with five group companies (P. K. Agri Link, P. K. Cereals, JDM Commercial, Reliable Advertising, and Shri Jatadhari Rice Mill) to consolidate operations.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward branded processed foods and premium rice varieties. HVL is positioning itself by expanding its edible oil refining capacity and strengthening its domestic brand presence.

Competitive Landscape

Faces intense competition from both organized and unorganized players in the rice milling and edible oil sectors, requiring constant innovation in branding and supply chain optimization.

Competitive Moat

The company's moat is built on established brand recall in East India and strategic port-based infrastructure. This is sustainable due to the high capital requirement for refineries and the long-term nature of supplier/farmer relationships.

Macro Economic Sensitivity

Highly sensitive to government agricultural policies and export regulations. The removal of the non-basmati rice export ban was the primary driver for the revenue rebound to INR 800 Cr.

Consumer Behavior

Increasing consumer demand for processed and branded edible oils and premium rice varieties is driving the company's shift toward the Bhojmoti brand.

Geopolitical Risks

Trade barriers and international policy changes regarding food exports are key areas of concern for the company's international revenue streams.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to SEBI (LODR) regulations, FSSAI standards for food products, and government export-import tariffs on agricultural commodities.

Environmental Compliance

The company is committed to adhering to all applicable environmental regulations and improving performance, though specific ESG spend is not disclosed.

Taxation Policy Impact

Total tax expense for FY 2024-25 was INR 18.34 Cr on a consolidated basis, with an effective tax rate impacted by deferred tax expenses of INR 5.91 Cr.

Legal Contingencies

The company successfully navigated NCLAT proceedings to secure possession of the Haldia refinery unit. No other major pending litigation values were disclosed.