Outcome for the Board Meeting held on 11-02-2026 at 6:30 PM and concluded at 7:30 PM Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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The Securities Allotment Committee of Hi-Klass Trading and Investment Ltd approved the conversion of 64,58,500 fully convertible warrants into equity shares of face value Rs. 5 each at an issue price of Rs. 25 per share (Rs. 20 premium). The company received Rs. 18.75 per warrant (75% of the issue price), aggregating to about Rs. 12.11 crore from warrant holders. These warrants were originally issued on a preferential basis on December 16, 2025, when 1,93,00,000 warrants were allotted. Post this allotment, the company's issued and paid-up capital rises from 2,05,96,400 shares to 2,70,54,900 shares. Allottees include promoter entity Nico India Consultancy LLP (15,00,000 warrants converted, post-holding rising to 21.83%) and several non-promoter allottees including Spice Fuel Ventures, Richway Financial Services, and Starwings Realtors, among others. A further 64,57,500 warrants are still pending conversion and are eligible for exercise within 18 months from the original allotment date.
This is a routine second-tranche conversion of previously allotted warrants, increasing the share count by about 31% and modestly diluting existing shareholders. The warrants were issued at a Rs. 20 per share premium, so incoming capital comes mostly as premium rather than face value, which is mildly positive for reserves. No immediate stock price catalyst is expected beyond the usual dilution effect.