REVISED OUTCOME OF BOARD MEETING.
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Awaiting price reaction for this filing.
Hi-Klass Trading and Investment has issued 63,84,000 equity shares (face value Rs. 5) upon conversion of fully convertible warrants at Rs. 25 per share, collecting Rs. 11.97 crore (75% of the issue price). The revision only corrects clerical errors in the list of allottees from the original 14-Jan-2026 board meeting outcome. Promoter entity Nico India Consultancy LLP converted 19,20,000 warrants, raising its holding from 17.50% to 21.37%, while the remaining 44,64,000 warrants were converted by non-promoter allottees. Post-allotment, paid-up equity capital rises from Rs. 7.11 crore to Rs. 10.30 crore (share count rises from 1.42 crore to 2.06 crore, a ~45% increase). About 1.29 crore convertible warrants are still outstanding and eligible for conversion within 18 months.
Shareholders face significant dilution (~45% increase in share count) from this warrant conversion. However, the conversion was at Rs. 25 per share (a Rs. 20 premium to face value), bringing fresh capital into the company. Promoter stake has risen materially, signalling promoter confidence.