StockWatch
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Other Financial Services
Shareholding15 Jul 2026, 03:14 pm

Nico India Releases Pledge on Hi-Klass Trading Shares

AI Summary

Nico India Consultancy LLP, a promoter of Hi-Klass Trading and Investment Limited, has disclosed the release of pledged equity shares. A total of 1,137,172 and 862,828 equity shares, representing 6.62% of the total share capital, were un-pledged on July 14, 2026. This release was made in favor of Metro Commercial Company Limited, in connection with credit facilities previously availed. The disclosure was made on July 15, 2026, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoter Nico India Consultancy LLP released pledged shares.
  • 6.62% of Hi-Klass Trading equity shares were un-pledged.
  • Release was in favor of Metro Commercial Company Limited.
  • Pledge release is linked to credit facilities.
  • Disclosure filed under SEBI Takeover Regulations.