Hi-Klass Trading and Investment has scheduled its 33rd Annual General Meeting for September 28, 2026, to approve a strategic expansion of its business objects and appoint a new statutory auditor. The board also confirmed the relocation of its registered office from Kandivali West to Ghatkopar West in Mumbai.

The meeting will be held via video conference or other audio-visual means at 12:30 pm. The virtual venue is deemed to be the corporate office in Kolkata.

AGM Logistics

Shareholders can participate in remote e-voting through Central Depository Services (India) Limited (CDSL) between September 25 and September 27, 2026. The cut-off date for determining voting rights is September 21, 2026.

Key dates for shareholders include:

• Remote e-voting: September 25 to September 27, 2026
• Book closure: September 22 to September 28, 2026
• E-voting cut-off: September 21, 2026

Mrs. Prachi Todi, a practicing company secretary, was appointed as the scrutinizer for the voting process.

Strategic Business Expansion

A special resolution seeks shareholder approval to alter Clause III(A) of the Memorandum of Association. This change aims to enable the company to undertake activities related to loan portfolio management, distressed asset resolution, and financial arrangement services.

Permitted activities under the new object clause include:

• Acquisition and management of loan portfolios, receivables, and non-performing assets (NPAs)
• Servicing, collection, and recovery of distressed assets
• Financial arrangement services such as debt syndication and project finance assistance
• Acting as an arranger or facilitator between borrowers and lenders

The board noted that this alteration would provide greater flexibility to expand business operations and develop additional revenue streams, subject to necessary regulatory approvals from the Reserve Bank of India and other authorities.

Auditor Appointment

The company proposes to appoint M/s. S Jaykishan, Chartered Auditors, as its statutory auditors for a five-year term from FY27 to FY31. They replace the outgoing auditors, M/s. Biswas Dasgupta Datta & Roy.

The proposed fee represents a 150% increase over the previous fee, attributed to the increased scope and volume of audit work required for the company's expanding operations.

Office Relocation

The board approved shifting the registered office from Kandivali West to Ghatkopar West, Mumbai. The new address, Bhaveshwar Arcade, LBS Marg, becomes effective on September 15, 2026.

Regulatory Compliance

The meeting also saw the approval of the Director’s Report and Secretarial Audit Report for FY26, in compliance with the Companies Act, 2013. The board addressed other routine matters before concluding the session.

Hi-Klass Trading & Investment Limited ( hi-klass trading and investment ) reported a return to profitability in its first quarter of FY27, posting a net profit after tax of ₹847.65 lakh for the three months ended June 30, 2026. This marks a sharp reversal from the net loss of ₹232.13 lakh recorded in the immediately preceding quarter ended March 31, 2026.

The company’s board of directors approved the unaudited standalone financial results on August 13, 2026. The figures were prepared in accordance with the Companies Act, 2013, and Indian Accounting Standards (Ind AS) 3, as amended.

Financial Performance

Operating revenue for the quarter stood at ₹1,039.93 lakh, a substantial increase from ₹63.66 lakh in the prior quarter and ₹16.97 lakh in the corresponding quarter of the previous fiscal year. The total comprehensive income for the period matched the net profit figure at ₹847.65 lakh.

The basic earnings per share (EPS) improved to ₹2.61 from a loss of ₹0.95 per share in the previous quarter. The diluted EPS was not separately disclosed, with the company reporting only the basic figure for the current period.

Balance Sheet Signals

Equity share capital increased to ₹1,59,067 lakh as of June 30, 2026, up from ₹1,21,750 lakh at the end of March 2026. This rise indicates fresh equity issuance or capital adjustment during the quarter. For context, the share capital stood at ₹79,062 lakh in the corresponding quarter of FY26 and ₹83,540 lakh at the end of FY26.

What the Numbers Show

The divergence between the pre-tax profit of ₹1,022.84 lakh and the post-tax net profit of ₹847.65 lakh indicates a tax provision or other comprehensive income adjustments amounting to approximately ₹175.19 lakh. Given that the pre-tax and post-tax exceptional items are identical in the filing structure, this difference likely stems from standard tax liabilities on the operational gains, marking a shift from the tax-neutral losses seen in prior periods where pre-tax and post-tax figures were nearly identical.

Operational Context

The company operates primarily in comparative trading and financing activities. Under Ind AS 108, it has identified a single reportable operating segment comprising these comparative and lending/financing initiatives. Consequently, no separate segment-wise information is disclosed.

The financial results were reviewed by the audit committee and approved by the board. The statutory auditors conducted a limited review and issued an unqualified opinion on the standalone financial results.