NewsHi-Klass Trading and Investment Limited Allots 63.84 Lakh Equity Shares Through Warrant ConversionHi-Klass Trading and Investment Limited Allots 63.84 Lakh Equity Shares Through Warrant Conversion
Hi-Klass Trading and Investment Limited allotted 63.84 lakh equity shares at ₹25.00 each through warrant conversion, raising ₹119.70 crores from promoter and non-promoter categories. The company's issued and paid-up capital increased from 1.42 crore to 2.06 crore shares. The company revised its Board Meeting outcome due to clerical errors in allottee names while maintaining all other terms. Additionally, 1.29 crore convertible warrants remain outstanding for conversion within 18 months from December 16, 2025.
*this image is generated using AI for illustrative purposes only.
Hi-Klass Trading and Investment Limited has completed the allotment of 63.84 lakh equity shares through the conversion of fully convertible equity share warrants. The company issued a revised outcome of its Board Meeting held on January 14, 2026, correcting clerical errors in the original submission while maintaining all other terms unchanged.
Warrant Conversion Details
The company allotted 63.84 lakh equity shares of ₹5.00 face value each at an issue price of ₹25.00 per warrant, representing a premium of ₹20.00. The allotment was made upon receipt of ₹18.75 per warrant, constituting 75% of the issue price, and aggregating to ₹119.70 crores.
| Parameter | Details |
|---|---|
| Securities Type | Equity shares from convertible warrants |
| Issue Price | ₹25.00 per warrant (Premium: ₹20.00) |
| Amount Received | ₹18.75 per warrant (75% of issue price) |
| Total Amount | ₹119.70 crores |
| Allottee Categories | Promoter and Non-promoter |
Capital Structure Impact
The warrant conversion significantly expanded the company's capital base. The issued and paid-up capital increased substantially following the allotment.
| Capital Type | Before Allotment | After Allotment | ||
|---|---|---|---|---|
| Shares | Value (₹) | Shares | Value (₹) | |
| Issued Capital | 1,42,12,400 | 7,10,62,000 | 2,05,96,400 | 10,29,82,000 |
| Paid-up Capital | 1,42,12,400 | 7,10,62,000 | 2,05,96,400 | 10,29,82,000 |
Major Allottees and Holdings
The allotment included both promoter and non-promoter categories, with Nico India Consultancy LLP being the largest beneficiary among promoters. The company converted 19.20 lakh warrants, increasing its holding from 17.50% to 21.37%.
Key non-promoter allottees included:
- Chandra Prakash Jain: 8.00 lakh shares (2.39% holding)
- Manju Kabra and Lokesh Kabra: 7.50 lakh shares each (2.24% holding each)
- Amit Kumar Jain: 8.40 lakh shares (2.51% holding)
- Spice Fuel Ventures Private Limited and Richway Financial Services Private Limited: 3.52 lakh shares each
Outstanding Warrants
The company disclosed that 1.29 crore convertible warrants remain outstanding and eligible for conversion into equity shares. These warrants can be converted within 18 months from December 16, 2025, subject to realization of 75% of the balance offer price from respective warrant holders.
Regulatory Compliance
The revised submission was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Schedule III of the Listing Regulations. The company acknowledged the inadvertent clerical error in allottee names in its original submission and submitted the corrected list while confirming that all other terms and contents remained unchanged.
Historical Stock Returns for Hi-Klass Trading and Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +0.31% | +5.98% | 0.0% | 0.0% |
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