Pursuant to Reg 30 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report for FY 2024-25 along with the Notice of 32th ....
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Hi-Klass Trading and Investment Ltd (BSE Scrip: 542332) has submitted to BSE the Notice of its 32nd Annual General Meeting along with the Annual Report for FY 2024-25. The AGM is scheduled for Saturday, September 27, 2025, at 12:30 PM via video conferencing. Key business to be transacted includes adoption of FY25 audited financials, re-appointment of Managing Director Sanjay Kumar Jain (retiring by rotation), and appointment/regularisation of other directors including Navin Kumar Jain as Independent Director and Dipak Sundarka as Non-Executive Director. The most significant item is a proposal to increase the authorised share capital from Rs. 7.5 crore to Rs. 17.5 crore, along with a preferential issue of 2 crore fully convertible warrants at Rs. 25 each (face value Rs. 5), aggregating up to Rs. 50 crore, to promoters and a long list of non-promoter allottees.
If approved, the Rs. 50 crore preferential warrant issue could result in meaningful equity dilution upon conversion (warrants exercisable within 18 months). Promoter group entity Nico India Consultancy LLP would see its stake rise from 17.50% to 20.93%, signalling promoter commitment, but existing minority shareholders will face dilution. The filings are procedural at this stage; actual impact depends on shareholder voting at the AGM.