The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Richway Financial Services Pvt Ltd
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Richway Financial Services Pvt Ltd, a non-promoter entity, has disclosed conversion of 6,48,000 warrants into equity shares of Hi-Klass Trading and Investment Ltd on February 11, 2026. The acquisition represents 2.40% of the total share capital and 1.93% of the diluted share capital. Post-conversion, Richway holds 16,50,000 equity shares (4.46% of total capital, 4.92% of diluted capital), compared to 10,02,000 shares plus 6,48,000 warrants held earlier. The total equity share capital of Hi-Klass has expanded from 2.05 crore to 2.70 crore shares of Re. 5 each as a result of this allotment.
This is a technical conversion of warrants into shares by an existing non-promoter warrant holder; total economic interest remains roughly unchanged (warrants were already counted in diluted holdings). No change in control or promoter stake. Shareholders may see modest share count dilution (~31% increase in equity base) but no major impact on price or governance.