Outcome for the Board Meeting held on 27-02-2026 at 6:00 PM and concluded at 6:45 PM Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Hi-Klass Trading and Investment's Securities Allotment Committee approved the conversion of 31,62,500 Fully Convertible Equity Share Warrants into equity shares at Rs. 25 per warrant (Rs. 5 face value + Rs. 20 premium). The company received Rs. 5.93 crore as the 75% balance payment from warrant holders. Allottees include the promoter entity Nico India Consultancy LLP (which converted 9.6 lakh warrants, raising its stake from 21.83% to 22.72%) and several public-category investors. As a result, issued and paid-up capital rose from 2.70 crore to 3.02 crore equity shares. An additional 32.95 lakh warrants remain outstanding and eligible for conversion within 18 months from December 16, 2025.
Minor dilution for existing shareholders as ~31.6 lakh new shares are issued, but supported by actual capital infusion (Rs. 5.93 crore). Promoter's stake has inched up slightly, which is mildly positive for promoter confidence, though further dilution is pending from 32.95 lakh unconverted warrants.