A major participant in the production of edible oil and parboiled rice in India, Halder Venture Limited, has successfully merged with five of its subsidiary businesses to form a more powerful and cohesive organization.

The merger includes the integration of JDM Commercial Private Limited, P.K. Agri Link Private Limited, P.K. Cereals Private Limited, Reliable Advertising Private Limited, and Shri Jatadhari Rice Mill Private Limited into Halder Venture Limited.

The financial position of Halder Venture Limited would be strengthened by this strategic combination, which will raise its share capital from 3,160,700 shares of Rs. 10 each to 4,104,349 shares of Rs. 10 each. The merger will enhance Halder Venture’s operations and assets by pooling resources, enabling the business to operate more profitably, reduce wasteful spending, and increase efficiency.

“This merger represents a major turning point in Halder Venture Limited’s development. We are building a stronger organization that is more suited for long-term success by combining five group firms with our BSE-listed company. In addition to increasing operational effectiveness and cutting expenses, the merger will boost our market capitalization, asset base, and revenue potential. We are in a better position to provide our stakeholders and shareholders with more value now that we have a stronger market position. To boost investor confidence and spark more interest in the business, the promoters’ stake will also rise from 65.68% to 73.57%. We do not doubt that the company and its public investors will benefit from this merger’s long-term growth and profitability” said Mr. Mrinal Debnath, Chief Financial Officer of Halder Venture Limited.

Halder Venture Limited is better positioned to benefit from its greater asset base and improved financial flexibility as a result of the transaction. The business will be able to access resources more easily, negotiate better prices with suppliers, and streamline legal and regulatory procedures as a result. The company anticipates that the combination will help it become more efficient, increase its market competitiveness, and keep its position as the industry leader in rice and food processing.

For further information, visit https://halderventure.in/

Priyanka Dutta