Regulatory29 May 2026, 04:51 pm
Hi-Klass Trading: No Deviation in Preferential Issue Proceeds
AI Summary
Hi-Klass Trading and Investment Ltd reports no deviations or variations in the utilization of proceeds from its preferential issue of convertible warrants for the year ended March 31, 2026. The funds were raised through preferential issues on January 14, 2026 (₹11.97 Cr), February 11, 2026 (₹12.10 Cr), and February 27, 2026 (₹5.92 Cr). The Audit Committee reviewed and confirmed compliance with regulations. Funds were allocated to loan repayment, fresh loan disbursement, investment in shares and securities, and general corporate purposes.
Key Highlights
- Hi-Klass Trading reports no deviation in use of preferential issue proceeds.
- Funds raised via preferential issues in Jan-Feb 2026 totaled ₹30 Cr.
- Audit Committee confirms compliance with fund utilization regulations.
- Funds utilized for loan repayment, disbursement, investments, and corporate purposes.
Price Impact
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