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Hi-Klass Trading and Investment Ltd (BSE: 542332) has filed the notice and annual report for its 32nd AGM, scheduled for Saturday, September 27, 2025 at 12:30 PM via video conferencing. Shareholders will vote on routine items including adoption of FY25 audited financials, re-appointment of Managing Director Sanjay Kumar Jain (retiring by rotation), appointment of a new Secretarial Auditor (Prachi Todi for 5 years), and regularization/appointment of two directors. The AGM also seeks approval to increase authorised share capital from Rs. 7.5 crore to Rs. 17.5 crore (adding 2 crore equity shares of Rs. 5 face value). Additionally, a special resolution proposes issuing 2 crore convertible warrants at Rs. 25 each (aggregating Rs. 50 crore) on a preferential basis to promoters and non-promoters, with each warrant convertible into 1 equity share within 18 months. Remote e-voting runs from September 24 to September 26, 2025, with the cut-off date set as September 20, 2025.
If approved, the preferential warrant issue could raise up to Rs. 50 crore and result in significant equity dilution, with the promoter entity Nico India Consultancy LLP increasing its stake from 17.50% to 20.93%. Existing shareholders should review the allottees list and pricing carefully, as the Rs. 25 warrant strike price represents a premium over the Rs. 5 face value, and warrant holders not exercising within 18 months will forfeit 25% of the upfront amount.