Hi-Klass Trading and Investment Limited announced the successful completion of its independent directors meeting for Financial Year 2025-26, held on March 27, 2026. The meeting was conducted virtually through video conferencing in compliance with regulatory requirements under SEBI LODR Regulations 2015 and the Companies Act 2013.

Meeting Details and Compliance

The independent directors meeting was held pursuant to Regulation 25(3) of the Securities and Exchange Board of India (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013. The virtual session commenced at 11:30 AM and concluded at 12:00 PM on Friday, March 27, 2026.

Key Business Items Reviewed

The independent directors conducted a comprehensive review covering three critical areas of corporate governance:

• Board Performance Evaluation: Reviewed the performance of non-independent directors and the board of directors as a whole
• Chairperson Assessment: Evaluated the performance of the chairperson, incorporating feedback from both executive and non-executive directors
• Information Flow Analysis: Assessed the quality, quantity, and timeliness of information flow between company management and the board of directors

Governance and Information Management

The meeting focused on ensuring that the board of directors receives adequate and timely information from management to perform their duties effectively. This assessment is crucial for maintaining high standards of corporate governance and ensuring that directors can make informed decisions in the best interests of stakeholders.

Company Information

Hi-Klass Trading and Investment Limited is registered with CIN L51900MH1992PLC066262 and trades under scrip code 542332 on BSE Limited. The company's registered office is located at 02, Shanti Kutir Building, Shivaji Road, Off M G Road, Kandivali West, Mumbai - 400067. The meeting outcome was formally communicated to BSE Limited's Department of Corporate Services as part of the company's disclosure obligations.

Hi-Klass Trading and Investment Limited has filed mandatory disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015, following the allotment of 9,60,000 equity shares to its promoter entity through warrant conversion. The company completed the allotment process on February 27, 2026, with the SEBI disclosure filed on March 2, 2026.

SEBI Insider Trading Disclosure

The company submitted Form C disclosure under Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015, to BSE Limited. The filing confirms the allotment of 9,60,000 equity shares to Nico India Consultancy LLP, the promoter entity, pursuant to conversion of convertible warrants at Rs. 25 per share.

Promoter Shareholding Changes

The warrant conversion has resulted in an increase in Nico India Consultancy LLP's shareholding from 21.83% to 22.72%. The promoter's total equity holding increased from 59,06,720 shares to 68,66,720 shares, while their convertible warrant holding decreased from 12,55,000 to 2,95,000 warrants.

Comprehensive Warrant Conversion Program

The recent disclosure represents part of a larger warrant conversion program involving 31,62,500 equity shares across multiple allottees. The Securities Allotment Committee approved the broader conversion program, generating total proceeds of Rs. 5,92,96,875 from warrant holders across promoter and non-promoter categories.

Capital Structure Enhancement

The warrant conversion program has strengthened the company's capital base, expanding total shares from 2,70,54,900 to 3,02,17,400. The paid-up capital increased from Rs. 13,52,74,500 to Rs. 15,10,87,000, representing a significant enhancement in the company's equity foundation.