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, has converted 15,00,000 convertible warrants into equity shares at Rs. 25 per share on a preferential allotment basis on 11 February 2026. Following this conversion, the promoter's direct shareholding rose from 44,06,720 shares (21.40%) to 59,06,720 shares (21.83%) of the total equity capital. On a fully diluted basis, the promoter's effective voting stake increased from 13.15% to 17.63%. The promoter still holds 12,55,000 remaining convertible warrants (4.63%). The company's total equity capital expanded from 2.06 crore to 2.71 crore shares as a result of this allotment.
This signals promoter confidence as the entity is choosing to convert warrants into actual equity rather than letting them lapse. For shareholders, it is mildly positive as it strengthens the promoter's skin in the game, though the change in overall voting power is modest (~0.43%).