Quarterly Result27 Feb 2026, 07:12 pm
Hi-Klass Trading and Investment Ltd. approves allotment of 31,62,500 equity shares after Conversion of Fully Convertible Equity Share Warrants
AI Summary
Hi-Klass Trading and Investment Ltd. held a board meeting on 27.02.2026 and approved the allotment of 31,62,500 equity shares of Rs. 25/- each to persons from both promoter and non-promoter categories. This allotment is pursuant to the conversion of Fully Convertible Equity Share Warrants ('Warrants') upon receipt of Rs. 18.75/- per warrant, which is 75% of the issue price. The total amount to be received is Rs. 5,92,96,875/-. The issued and paid-up capital of the company will increase to Rs. 15,10,87,000/- after the allotment.
Key Highlights
- Hi-Klass Trading and Investment Ltd. approved the allotment of 31,62,500 equity shares after Conversion of Fully Convertible Equity Share Warrants.
- The allotment is worth Rs. 5,92,96,875/- and is for both promoter and non-promoter categories.
- The issued and paid-up capital of the company will increase to Rs. 15,10,87,000/- after the allotment.
- The allotment is in accordance with Regulation 30 of SEBI (Listing Obligation and disclosure requirements) regulations, 2015.
- The Conversion of Warrants is pursuant to members’ approval dated September 27, 2025.