Krishna Kabra and associated persons acting in concert disposed of a combined 12.34% equity interest in Hi-Klass Trading and Investment Limited through open market sales on October 7, 2026. The transaction involved the sale of voting shares and convertible warrants, reducing the group's total holding significantly.

The disclosure, filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, lists Krishna Kabra as the primary seller. Persons acting in concert include Ashok Kabra, Manju Kabra, Lokesh Kabra, Vidhi Kabra, Jugal Kabra, Sangeeta Kabra, Pushpa Lalit Kabra, Preeti Krishna Kabra, Krishna Kabra HUF, and Lalit Jankilal Kabra. The group does not belong to the promoter or promoter category.

Transaction Details

The disposal comprised both direct equity shares and convertible securities. Krishna Kabra sold 7,30,432 shares carrying voting rights and 7,50,000 warrants. Additionally, Vidhi Kabra, Jugal Kabra, and Sangeeta Kabra each sold 7,50,000 warrants. The total number of instruments disposed of was 37,30,432.

Post-Transaction Holding

Following the sale, the group's aggregate holding in Hi-Klass Trading and Investment Limited stands at 38,69,568 shares carrying voting rights, representing 12.80% of the total voting capital. The post-transaction holding of warrants is listed at 30,00,000, representing 9.92% of voting capital.

The company's equity share capital remained unchanged at ₹3,02,17,400/- (3,02,17,400 equity shares of ₹5 each). The total diluted share/voting capital is reported as ₹3,35,12,400/- assuming full conversion of warrants.

Hi-Klass Trading and Investment Limited concluded its 33rd Annual General Meeting (AGM) on September 28, 2026, approving all ordinary and special business resolutions with 100% votes in favour. The meeting was conducted via Video Conferencing/Other Audio Visual Means.

Shareholders adopted the audited standalone financial statements for the financial year ended March 31, 2026. The Board of Directors' report and the Auditors' report were also approved. The Chairman noted that there were no qualifications or adverse remarks in the reports that would impact the company's functioning.

Key Resolutions Passed

The following businesses were transacted during the meeting:

The company appointed M/s. S Jaykishan, Chartered Accountants LLP, as Statutory Auditors for a five-year term covering FY27 to FY31. Additionally, Dipak Sundarka was re-appointed as a Director liable to retire by rotation.

Voting Results and Participation

Detailed voting results disclosed under Regulation 44 of SEBI (LODR) Regulations, 2015, show uniform support across all categories. A total of 21,392,441 votes were polled out of 30,217,400 outstanding shares, representing a turnout of 70.79%.

All four resolutions received 100% votes in favour and 0 votes against from both Promoter/Promoter Group and Public shareholders. No invalid votes were recorded in any category.

Governance and Proceedings

The AGM commenced at 12:30 pm and concluded at 1:10 pm. Sanjay Kumar Jain, Chairman and Managing Director, chaired the proceedings. A total of 20 members attended the meeting via video conferencing, comprising 3 from the Promoter group and 17 Public shareholders. E-voting facilities were provided through CDSL, with remote voting concluding on September 27, 2026.

Parchi Bhartia & Associates served as the Secretarial Auditor, while S. Jaykishan acted as the Statutory Auditor representative present at the meeting. Prachi Bhartia, Proprietor of Parchi Bhartia & Associates, was appointed as the Scrutinizer for the e-voting process.

Meeting Highlights and Compliance

Mrs. Neha Kedia, Company Secretary, welcomed members and briefed them on meeting guidelines. The Chairman introduced other directors present, including chairpersons of the Audit, Stakeholders Relationship, and Nomination and Remuneration Committees. The Notice dated August 24, 2026, was taken as read with consent from members.

Voting rights were determined based on shares held as of the cutoff date, Monday, September 21, 2026. The consolidated results of e-voting and the Scrutinizer's Report have been submitted to Stock Exchanges and made available on the company website.