VOTING RESULT AND SCRUTINIZER REPORT OF THE 32ND ANNUAL GENERAL MEETING.
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Hi-Klass Trading and Investment Ltd held its 32nd AGM on September 27, 2025, via video conferencing, where all seven resolutions were passed with unanimous approval (100% votes in favour, zero against). Key resolutions included adoption of FY25 audited financial statements, re-appointment of Managing Director Sanjay Kumar Jain (retiring by rotation), appointment of new directors Mr. Navin Kumar Jain (Independent Non-Executive) and regularization of Mr. Dipak Sundarka (Non-Executive, Non-Independent), and engaging Mrs. Prachi Todi as Secretarial Auditor for five years. Of the 14,212,400 total outstanding shares, 12,137,520 votes were polled (85.40% participation), including 100% polling from promoters (4,263,720 shares) and 79.14% from public non-institutions. Two major special resolutions were also approved: an increase in authorised share capital with corresponding changes to the Memorandum of Association, and the issuance of 2,00,00,000 (2 crore) convertible warrants on a preferential basis to promoters and non-promoters.
The approval of 2 crore convertible warrants on a preferential basis and the increase in authorised share capital signal potential equity dilution and future fundraising activity, which shareholders should monitor. Unanimous approval across all resolutions with strong voting participation (85.40%) indicates shareholder consensus on the company's strategic direction.