ALLOTMENT
Price
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On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.0 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hi-Klass Trading and Investment Ltd has allotted 64,58,500 equity shares (face value Rs. 5 each) on conversion of fully convertible warrants issued earlier on a preferential basis at Rs. 25 per warrant. The company received Rs. 18.75 per warrant (75% of the issue price), aggregating to about Rs. 12.11 crore from both promoter and non-promoter allottees. As a result, the issued and paid-up capital has risen from 2,05,96,400 shares to 2,70,54,900 shares. The allottees include promoter entity Nico India Consultancy LLP (converted 15,00,000 warrants) and several non-promoters such as Reena Jain, Spice Fuel Ventures, Richway Financial Services, Starwings Realtors, and others. Another 64,57,500 warrants remain outstanding and can be converted into equity shares within 18 months from December 16, 2025.
This is a pre-scheduled conversion of warrants already issued in December 2025, so there is no fresh fundraising or dilution surprise beyond what was previously disclosed. Shareholders should note a modest increase in share count and dilution, but the capital was already anticipated, so the immediate stock price impact is likely limited.