Hi-Klass Trading reports net loss of ₹148.20 crore in FY26

Hi-Klass Trading and Investment Limited reported a net loss of ₹148.20 crore for the financial year ended March 31, 2026, widening from a loss of ₹42.04 crore in the previous year. The widened loss was primarily driven by a net loss on fair value changes of ₹376.83 crore during the year. Revenue from operations for FY26 rose to ₹463.47 crore from ₹19.61 crore in FY25, driven by interest income and fee and commission income. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The statutory auditors issued an unmodified opinion on the results.

Financial Performance

Total expenses increased to ₹569.14 crore from ₹84.27 crore in the prior year. For the quarter ended March 31, 2026, the company reported a net loss of ₹232.13 crore. The statutory auditors, M/s. Biswas Dasgupta Datta and Roy, confirmed an unmodified opinion on the standalone audited financial results.

Particulars	Year Ended March 31, 2026 (₹ in Lakhs)	Year Ended March 31, 2025 (₹ in Lakhs)
Total Revenue from Operations	463.47	19.61
Total Expenses	569.14	84.27
Profit/(Loss) before tax	(105.52)	(51.38)
Net Profit/(Loss) for the year	(148.20)	(42.04)

Auditor Appointments

Based on the Audit Committee's recommendation, the board approved the appointment of M/s. S. Jaykishan, Chartered Accountants, as statutory auditors for a term of five years. The tenure is proposed to commence from the conclusion of the 33rd Annual General Meeting until the conclusion of the 38th Annual General Meeting, subject to shareholder approval. Additionally, M/s. Anjali Jain & Associates, Chartered Accountants, were appointed as internal auditors for FY27 effective May 29, 2026.

Corporate Governance Updates

The board reviewed and approved the revised Risk Management Policy and the revised Nomination and Remuneration Policy. The directors also considered the statement of deviation for the quarter ended March 31, 2026, detailing variations in the utilization of funds. Furthermore, the board authorized Managing Director Sanjay Kumar Jain to sanction loan and credit facilities up to an aggregate exposure limit of ₹15 crore per borrower, subject to compliance with RBI norms and internal policies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.49%	-10.06%	-19.80%	+243.32%	+1,028.78%	+2,222.36%

Hi-klass trading and investment Limited has filed its annual disclosure with BSE Limited, confirming its non-applicability as a Large Corporate under the SEBI operational circular for the financial year 2025-26. The Mumbai-based company submitted the mandatory compliance report on April 10, 2026, addressing the requirements specified under Chapter XII of SEBI's circular dated August 10, 2021.

Regulatory Compliance Framework

The disclosure pertains to SEBI's operational circular SEBI/HO/DDHS/P/CIR/2021/613 regarding issue and listing of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper. Under this framework, companies meeting specific criteria are classified as Large Corporates and must fulfill certain borrowing requirements through debt securities.

Financial Position and Borrowing Details

The company's annual disclosure reveals its financial position for the current reporting period:

Parameter	Details
Report Period	FY 2025-26
3-Year Block Period	FY 2023-24, FY 2024-25, FY 2025-26
Incremental Borrowing in FY(T)	NIL
Mandatory Debt Securities Borrowing	Not Applicable
Actual Debt Securities Borrowing	NIL
Shortfall from Previous Year	NIL
Current Year Shortfall	NIL

Company Profile

Hi-Klass Trading and Investment Limited operates from its registered office at Shanti Kutir Building, Kandivali West, Mumbai. The company holds CIN L51900MH1992PLC066262 and trades on BSE under scrip code 542332. Managing Director Sanjay Kumar Jain signed the disclosure document, confirming the company's compliance status.

Penalty Assessment

The disclosure indicates that no penalties are applicable for the previous block period, as the regulatory framework does not apply to the company. The penalty calculation mechanism, which typically involves 0.20% of any shortfall in mandatory debt securities borrowing, remains non-applicable given the company's classification status.

Regulatory Significance

This annual disclosure fulfills the company's obligation under the revised SEBI framework, as amended by circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/049 dated March 31, 2023. The confirmation of non-Large Corporate status indicates that Hi-Klass Trading and Investment Limited does not meet the threshold criteria for mandatory debt securities issuance requirements, allowing it to maintain flexibility in its funding strategies.