The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nico India Consultancy LLP
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Nico India Consultancy LLP, a promoter of Hi-Klass Trading and Investment Ltd, received an allotment of 9,60,000 equity shares on 02-Mar-2026 through the conversion of convertible warrants on a preferential basis at Rs. 25 per share (face value Rs. 5). This increased the promoter's direct shareholding from 59.06 lakh shares to 68.67 lakh shares. After the allotment, the promoter's total holding (shares + remaining warrants) stands at 71.61 lakh units, representing 23.70% of the expanded share capital and 21.37% on a fully diluted basis. The company's total equity share capital rose to 3.02 crore shares from 2.71 crore shares following the warrant conversion. No encumbrance or pledge activity is involved, and the shares were allotted (not bought in the open market).
This is a pre-planned preferential allotment that strengthens the promoter's absolute stake in the company, though their percentage holding slightly diluted from 26.47% to 23.70% because the total share base expanded. Existing shareholders should note equity dilution of roughly 3.17%, but it reflects the promoter converting previously committed warrants rather than acquiring new shares. No negative signal — no open-market buying pressure, no pledge, and no threat to minority shareholders from this disclosure alone.