Business EconomyPosted at: Dec 1 2024 5:33PM


Five Halder group companies merge into its BSE-listed entity HVL

Kolkata, Dec 1 (UNI) Halder Venture Limited (HVL), the BSE-listed entity of the Halder group and a leader in the rice manufacturing and processing sector in eastern India, has successfully completed its North-South merger with five other group companies, creating a stronger, unified entity.
The merger involves the amalgamation 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 with HVL, according to a group spokesperson.
The strategic move consolidates the companies into a single, larger entity with enhanced financial strength and operational efficiency.
As a result of the merger, HVL will see a significant increase in its share capital from 31,60,700 shares of Rs. 10 each to 41,04,349 shares of Rs. 10 each. The combined entity will benefit from a larger capital base, an expanded asset portfolio, and enhanced financial flexibility.
This will enable the company to leverage its resources more effectively, reduce operational redundancies and achieve greater profitability, the spokesperson said.
The synergies derived from the merger, including cost savings from streamlined operations and improved utilisation of resources, are expected to significantly boost the company’s earnings before interest, taxes, depreciation, and EBITDA, while improving overall financial stability.
“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 organisation that is better positioned for long-term success. The amalgamation will enhance our market capitalisation, asset base, and revenue potential while improving operational efficiency and reducing overheads.
"With a stronger market position, we are poised to deliver greater value to our shareholders and stakeholders. Additionally, the promoters’ shareholding will increase from 65.68% to 73.57%, reinforcing investor confidence and attracting greater interest in the company. We are confident that this merger will drive sustained growth and profitability for both the company and its public investors,” said Mrinal Debnath, Chief Financial Officer, Halder Venture Limited.
For the second quarter of FY25, HVL reported a 25% year-on-year (YoY) growth in Profit After Tax (PAT), amounting to Rs 3.82 crores, up from Rs 3.06 crores in the same quarter last year. It achieved a 133% year-on-year (YoY) revenue growth, reaching Rs 174.75 crores.
The growth was primarily fueled by strong demand in both the domestic and international markets. The company’s EBITDA for the quarter was Rd 12 crores, reflecting a 58% increase compared to
the same period last year. The EBITDA margin expanded by 150 basis points to 15.1%, driven by enhanced operational efficiencies and improved cost management strategies.
The amalgamation is expected to enhance HVL's competitive edge in the market by providing greater access to resources, improving its negotiating power with suppliers, and streamlining legal and regulatory compliance. With a unified structure, the company aims to drive innovation, achieve better economies of scale, and strengthen its leadership in the rice and food processing industry.
The Kolkata headquartered group is now doing business in 18 countries, spread across Asia, Europe, Latin America and Africa.
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