Promoter releases pledge on 20 lakh shares of Hi-Klass Trading

Promoter Nico India Consultancy LLP has released the pledge on 20,00,000 equity shares of Hi-Klass Trading and Investment Ltd , reducing the encumbered holding to zero. The release, executed on July 14, 2026, was made in favour of Metro Commercial Company Limited in connection with credit facilities availed by the promoter. The disclosure was submitted to BSE Limited on July 15, 2026, under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the release, the promoter held 68,66,720 shares, representing 22.72% of the total share capital. Of this, 11,37,172 and 8,62,828 equity shares were pledged, accounting for 6.62% of the total share capital. The release of these shares signifies the full clearance of encumbrances against the specified credit facilities.

Details of Encumbrance Release

The following table outlines the changes in the shareholding pattern following the release of the pledge:

Parameter	Details
Name of Promoter	Nico India Consultancy LLP
Total Promoter Holding	68,66,720 shares (22.72%)
Encumbered Shares (Pre-event)	20,00,000 shares (6.62%)
Type of Event	Release
Date of Release	July 14, 2026
Entity in Favour	Metro Commercial Company Limited
Encumbered Shares (Post-event)	-

The disclosure was signed by Suman Jain, Designated Partner of Nico India Consultancy LLP. Hi-Klass Trading and Investment Ltd is listed on BSE Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+6.33%	+20.29%	+195.25%	+698.48%	+2,437.76%

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.