The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Starwings Realtors Pvt Ltd
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Starwings Realtors Private Limited, a non-promoter entity, has converted 16,00,000 fully convertible equity share warrants into equity shares of Hi-Klass Trading and Investment Ltd on February 11, 2026. Post-conversion, Starwings holds 16,00,000 equity shares representing 5.91% of the equity share capital and 4.77% of the fully diluted share capital. Before this event, Starwings already held these 16 lakh warrants (7.77% of equity, 4.77% of diluted), so this is a conversion of existing instruments, not a fresh market purchase. The company's equity capital expanded from 2,05,96,400 shares (₹5 face value) to 2,70,54,900 shares as a result of this conversion.
Existing shareholders face about 31% dilution in their equity stake due to the expanded share base, though Starwings had already paid for these warrants earlier so no fresh capital is being injected by them. The acquirer's stake remains modest at under 6%, posing no takeover or control threat to the company.