CONVERSION OF WARRANTS INTO EQUITY
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Hi-Klass Trading and Investment Ltd has allotted 63,84,000 equity shares (face value Rs. 5 each) upon conversion of convertible warrants that were originally issued on December 16, 2025 on a preferential basis at Rs. 25 per warrant. The company received Rs. 11.97 crore from warrant holders who paid Rs. 18.75 per warrant (75% of the issue price) as the balance amount. After this conversion, the company's paid-up equity capital has risen from Rs. 7.11 crore (1.42 crore shares) to Rs. 10.30 crore (2.06 crore shares). About 1.29 crore warrants are still outstanding and can be converted within 18 months. Allottees include promoter entity Nico India Consultancy LLP and several non-promoter individuals and private companies.
This conversion expands the share count by roughly 45%, causing dilution for existing shareholders who did not participate. Further dilution remains possible if the remaining 1.29 crore warrants are converted within the 18-month window, which could weigh on the stock price in the short term.