outcome for the board meeting held on 27.02.2026 at 6:00 P:M and concluded at 6:45 P:M Regulation 30 of SEBI ( Listing Obligation and disclosure requirements) regulations, 2015
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Awaiting price reaction for this filing.
Hi-Klass Trading and Investment Ltd's board approved the allotment of 31,62,500 equity shares (face value Rs. 5 each) at an issue price of Rs. 25 each (including Rs. 20 premium) pursuant to the conversion of fully convertible warrants that were originally issued on a preferential basis on December 16, 2025. The company received Rs. 18.75 per warrant (75% of the issue price), aggregating to Rs. 5.93 crore from the allottees. Both promoter and non-promoter categories participated in this conversion. As a result, the company's paid-up share capital increased from 2,70,54,900 shares (Rs. 13.53 crore) to 3,02,17,400 shares (Rs. 15.11 crore). Promoter entity Nico India Consultancy LLP's stake rose from 21.83% to 22.72%. Another 32,95,000 warrants remain outstanding and eligible for conversion within 18 months from December 16, 2025.
Existing shareholders face further dilution as the share count expands, while promoter holding has slightly increased to 22.72%. With 32.95 lakh more warrants still pending conversion, additional dilution is expected in the coming months, which could put mild pressure on the stock price.