Hi-Klass Trading: No Deviation in Preferential Issue Fund Use for Q1 FY27
Hi-Klass Trading and Investment Ltd has filed a Statement of Deviation for the quarter ended June 30, 2026, confirming no deviations in the utilization of funds raised through preferential issues of convertible warrants. The company raised approximately ₹29.99 crores across three tranches on January 14, February 11, and February 27, 2026. The funds were allocated for loan repayment, fresh loan disbursement, investment in shares and securities, and general corporate purposes. The Audit Committee has reviewed the utilization and found the company to be in compliance with all regulations, issuing a favorable remark. The total funds raised were ₹29,99,96,875, with ₹42,15,80,416 utilized during the quarter, showing no deviation from the stated objects.
Key Highlights
- No deviation reported in the utilization of preferential issue funds for Q1 FY27.
- Funds raised via convertible warrants totaled approximately ₹30 crores.
- Utilization covered loan repayment, fresh loans, investments, and general corporate purposes.
- Audit Committee confirmed compliance with SEBI regulations.
- No variations in fund utilization objects or amounts were noted.
Price Impact
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