Pursuant to the provisions of Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations , 2015..
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Hi-Klass Trading and Investment Ltd has allotted 46,75,000 convertible warrants to its promoter, Nico India Consultancy LLP, at an offer price of Rs. 25 per warrant (face value Rs. 5 each), taking the total transaction value to about Rs. 11.69 crore. The allotment was approved in the board meeting held on December 16, 2025, under a preferential issue as per the Companies Act, 2013 and SEBI ICDR Regulations. The promoter has paid 25% of the allotment money upfront, with the balance payable on warrant exercise. The promoter already holds 24,86,720 equity shares (17.50%) in the company, and these warrants, once converted, will further increase its stake.
This signals promoter confidence and commitment to the company, but the convertible warrants (if fully exercised) will lead to dilution of existing shareholders' holdings. Shareholders should watch for the conversion timeline and any further capital-raising moves.