Document Title: Halder Venture Limited Q2 FY27 Financial Results and Board Meeting Outcomes
Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half-Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results
Date of Board Meeting / Approval: November 03, 2026 (commenced at 04:00 PM, concluded at 08:00 PM)
Audit Opinion: Unqualified - Limited Review Report issued by Statutory Auditors P Somani & Co. with no modifications
Auditor’s Comment: Auditors issued a clean review opinion stating nothing came to their attention causing belief that the statements contain material misstatement. However, they noted that 7 foreign subsidiaries (2 subsidiaries and 5 step-down subsidiaries) were included without reviewed financials.
Key Financial Highlights [All amounts in ₹ lakhs]
Standalone Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹22,805.81 (vs ₹5,216.92 in Q2 FY26 - +337% YoY; vs ₹18,000.60 in Q1 FY27 - +27% QoQ)
- Total Income: ₹22,830.40
- Net Profit: ₹404.58 (vs ₹105.76 in Q2 FY26; vs ₹561.13 in Q1 FY27)
- EPS: ₹3.25 (vs ₹0.85 in Q2 FY26; vs ₹4.51 in Q1 FY27)
Half-Year ended September 30, 2026:
- Revenue from Operations: ₹40,806.41 (vs ₹15,888.58 in H1 FY26 - +157% YoY)
- Total Income: ₹41,087.48
- Net Profit: ₹965.71 (vs ₹498.44 in H1 FY26)
- EPS: ₹7.76 (vs ₹4.01 in H1 FY26)
- Other Equity: ₹15,707.47 (vs ₹14,113.78 as of March 31, 2026)
- Cash and Cash Equivalents: ₹79.14
- Debt: Short-term borrowings ₹32,335.79 + Long-term borrowings ₹9,009.20 = Total ₹41,344.99
Consolidated Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹23,951.43 (vs ₹9,782.32 in Q2 FY26 - +145% YoY; vs ₹18,707.49 in Q1 FY27 - +28% QoQ)
- Total Income: ₹24,078.23
- Net Profit: ₹402.03 (vs loss of ₹1,087.30 in Q2 FY26; vs ₹346.02 in Q1 FY27)
- EPS: ₹3.23 (vs loss per share of ₹8.74 in Q2 FY26; vs ₹2.78 in Q1 FY27)
Half-Year ended September 30, 2026:
- Revenue from Operations: ₹42,658.92 (vs ₹20,102.90 in H1 FY26 - +112% YoY)
- Total Income: ₹43,145.68
- Net Profit: ₹748.05 (vs loss of ₹801.42 in H1 FY26)
- EPS: ₹6.01 (vs loss per share of ₹6.44 in H1 FY26)
- Other Equity: ₹18,188.76
- Cash and Cash Equivalents: ₹2,138.07
Segment-wise Performance [₹ lakhs]:
The company operates in two segments: Rice and Edible Oil
Quarter ended September 30, 2026:
- Rice Segment Revenue: ₹8,093.59 | Segment Results: (₹847.98) loss
- Edible Oil Segment Revenue: ₹19,091.42 | Segment Results: ₹2,578.44 profit
- Total Segment Revenue: ₹27,185.01 | Total Segment Results: ₹1,730.46 profit
Half-Year ended September 30, 2026:
- Rice Segment Revenue: ₹16,154.80 | Segment Results: (₹1,050.46) loss
- Edible Oil Segment Revenue: ₹33,462.68 | Segment Results: ₹4,772.10 profit
- Total Segment Revenue: ₹49,617.48 | Total Segment Results: ₹3,721.64 profit
Corporate Actions:
- On July 24, 2026, the company allotted 793,650 Equity Convertible Warrants at ₹315 per warrant to a specified entity (non-promoter category) via preferential allotment
- During the quarter, received upfront amount of 25% of issue price (₹625 lakhs)
- Each warrant convertible into one fully paid-up equity share of face value ₹10 within 18 months from allotment date upon receipt of balance 75%
- No dividend declared, share split, bonus issue, or buyback announced
Regulatory Disclosures:
- Noted resignation of Ms. Ayanti Sen, Company Secretary and Compliance Officer (intimated September 09, 2026)
- Noted sad demise of Mr. Prabhat Kumar Haldar, Promoter of the Company (intimated October 06, 2026)
- Two subsidiaries hold shares in contravention of Section 19 of Companies Act, 2013 (Intellect Buildcon: 480,810 shares/3.87%; Prakruti Commosale: 341,844 shares/2.75%)
- Subsidiaries commenced disposal during FY26 and expected to dispose entire holding during current year
- Based on legal opinion, company believes no financial liability will result from this contravention
- Acquisition of Haldia Manufacturing Unit of K.S. Oils Limited ongoing with leasehold land transfer process in progress
- Acquisition of Mumbai commercial office (2062 sq ft) impacted by ongoing litigation preventing title transfer
Other Significant Information:
- Capital work-in-progress: ₹2,735.35 lakhs
- Right-of-use assets: ₹5,618.32 lakhs
- Inventories: ₹28,545.38 lakhs (standalone), ₹31,742.80 lakhs (consolidated)
- Trade receivables: ₹10,841.50 lakhs (standalone), ₹13,172.67 lakhs (consolidated)
- The consolidated results include 10 subsidiaries and step-down subsidiaries
- Auditors noted that financial results of 7 foreign entities (Hal Exim Pte Limited and its 5 step-down subsidiaries, plus LLC Halroots) were included without independent auditor review
- These unreviewed entities contributed revenue of ₹6,127.93 lakhs and loss of ₹6.65 lakhs for H1 FY26