Halder Venture at 100, goes stronger through merger of 5 subsidiaries

With a legacy of 100 years, this homegrown transnational company from Bengal is going stronger by the day, rolling out new products, new brands and exploring new geographies.

- RITWIK MUKHERJEE

Halder Venture Limited, a Bengal-headquartered, century-old leading player in the Indian parboiled rice and edible oil manufacturing sector, has now successfully completed the merger with its own five subsidiary companies, creating a stronger and unified entity.

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, marking a significant step in the company's growth strategy.

This strategic merger will increase Halder Venture Limited's share capital from 3,160,700 shares of Rs. 10 each to 4,104,349 shares of Rs. 10 each, strengthening the company's financial position. By combining resources, the merger will improve Halder Venture's assets and operations, allowing the company to work more efficiently, cut unnecessary costs, and boost profitability.

"This merger marks a significant milestone in the growth of Halder Venture Limited. By integrating five group companies with our BSE-listed entity, we are creating a more robust organization that is better positioned for long-term success," said Mrinal Debnath, Chief Financial Officer, Halder Venture Limited.