The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nicoindia Consultancy LLP
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Nicoindia Consultancy LLP, a promoter of Hi-Klass Trading and Investment Ltd, was allotted 46,75,000 convertible warrants on a preferential basis at Rs. 25 per warrant (face value Rs. 5 each) on 16-Dec-2025. Before this, the promoter held 24,86,720 equity shares (17.50% of equity capital, 7.42% on a diluted basis). The newly allotted warrants represent 24.22% of the total warrants issued in the preferential issue (which was for 1,93,00,000 warrants in total) and 13.95% of the diluted share capital. If all warrants are converted, the promoter's effective holding would rise to about 21.37% of the fully diluted capital of 3,35,12,400 shares. This is a capital infusion of roughly Rs. 11.69 crore from the promoter.
Promoter's stake in the company is set to increase meaningfully upon warrant conversion, signalling confidence and commitment from the promoter group. Shareholders may see this as a positive sign, though it also means potential future dilution when the warrants are exercised.