Hi-Klass Trading and Investment Limited has successfully completed the allotment of 31,62,500 equity shares through the conversion of fully convertible warrants, following a board meeting held on February 27, 2026. The Securities Allotment Committee approved the conversion at Rs. 25 per share, generating proceeds of Rs. 5,92,96,875 from warrant holders across promoter and non-promoter categories.

Share Capital Enhancement

The warrant conversion has significantly strengthened the company's capital structure. The allotment expanded the total number of shares from 2,70,54,900 to 3,02,17,400, representing an increase of 31,62,500 equity shares with a face value of Rs. 5 each.

Warrant Conversion Framework

The converted warrants were part of the original allotment of 19,30,00,000 convertible warrants issued on December 16, 2025, following members' approval dated September 27, 2025. Each warrant carried a face value of Rs. 5 and was offered at Rs. 25, including a premium of Rs. 20 per warrant.

Comprehensive Allottee Distribution

The warrant conversion involved eight allottees, with the largest allocation going to promoter entity Nico India Consultancy LLP, which converted 9,60,000 warrants. The remaining conversions were distributed among public investors, primarily from the Bajaj and Goyal families.

Outstanding Warrant Position

Following this conversion, 32,95,000 convertible warrants remain outstanding and eligible for conversion into equity shares within 18 months from the original allotment date of December 16, 2025. The outstanding warrants are distributed among five entities.

The conversion process requires realization of 75% of the balance offer price amount from respective warrant holders, maintaining the structured approach established during the original preferential allotment process approved under SEBI regulations.

Krishna Kabra (HUF) has disclosed the acquisition of 7,50,000 equity shares in Hi-Klass Trading and Investment Limited under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was completed through conversion of fully convertible equity share warrants on February 11, 2026.

Transaction Details

The acquisition involved conversion of warrants into equity shares through allotment on a preferential basis. Krishna Kabra, acting as Karta of Krishna Kabra (HUF) with PAN AIQPK1490E, signed the disclosure dated February 13, 2026.

Shareholding Pattern Changes

The acquisition resulted in Krishna Kabra (HUF) along with PAC maintaining a significant shareholding position in Hi-Klass Trading and Investment Limited. The transaction involved conversion of 7,50,000 warrants into equity shares.

Before Acquisition:

After Acquisition:

Company Capital Structure Impact

The warrant conversion contributed to changes in Hi-Klass Trading and Investment Limited's capital structure. The company's equity share capital increased following the allotment of shares pursuant to warrant conversion.

Regulatory Compliance

The disclosure was submitted to BSE Limited and Hi-Klass Trading and Investment Limited in compliance with SEBI regulations. Krishna Kabra (HUF) is headquartered at 505 Satyanarayan Bhavan, RG Thadani Marg, Worli Sea Face, Mumbai. The entity confirmed its non-promoter status in the target company through this regulatory filing.