REVISE OUTCOME OF THE BOARD MEETING HELD ON 14-01-2026.
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Awaiting price reaction for this filing.
Hi-Klass Trading and Investment Ltd has filed a revised outcome of its board meeting held on 14 January 2026, correcting a clerical error in the post-allotment shareholding table. The original board had approved the allotment of 63,84,000 equity shares of face value Rs. 5 each at Rs. 25 per share (including a premium of Rs. 20), pursuant to the exercise of fully convertible warrants. The company received Rs. 18.75 per warrant (75% of the issue price), aggregating to about Rs. 11.97 crore, from both promoter and non-promoter allottees. As a result, the issued and paid-up capital increased from 1,42,12,400 shares (Rs. 7.11 crore) to 2,05,96,400 shares (Rs. 10.30 crore). Promoter entity Nico India Consultancy LLP subscribed to the largest tranche of 19,20,000 warrants converted, with several non-promoters also participating.
This is essentially a correction filing with no new corporate action - the warrant conversion had already been disclosed. Shareholders should note the ~45% expansion in share count due to the conversion, which is dilutive. A further 1,29,16,000 convertible warrants remain outstanding and could convert within 18 months from December 16, 2025, meaning further dilution potential exists.