The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 09, 2025 for NicoIndia Consultancy LLP
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Promoter NicoIndia Consultancy LLP has informed the exchange about creating a pledge on 11,37,172 equity shares (8% of total share capital) of Hi-Klass Trading and Investment Ltd on May 20, 2025. The pledge was created in favour of Metro Commercial Company Limited as security for credit facilities availed for business and operational needs. The promoter currently holds 24,91,328 shares representing 17.50% of the company's total share capital, of which the entire pledged quantity of 11,37,172 shares (8%) now stands encumbered post this event.
This is a routine disclosure of pledge creation by the promoter for raising credit. Since only 8% of total share capital is pledged and the promoter group holds 17.50%, there is no immediate governance or control concern for retail shareholders. However, investors should monitor any future invocation of this pledge, which could signal financial stress at the promoter level.