Hi-Klass Trading and Investment Limited has successfully completed a significant preferential allotment of convertible warrants following board approval on December 16, 2025. The company allotted 1.93 crore convertible warrants at ₹25 each through preferential allotment, raising ₹12.06 crores upfront.

Board Resolution and Regulatory Compliance

The Board of Directors approved the allotment resolution on December 16, 2025, pursuant to Section 42 and Section 62 of the Companies Act, 2013. The allotment was conducted following member approval obtained in the Annual General Meeting held on September 27, 2025, through a Special Resolution, and In-Principal Approval dated December 2, 2025, from BSE Limited.

Warrant Allotment Structure

The company allotted 19,300,000 convertible warrants through preferential allotment to 32 investors. Each warrant carries a face value of ₹5.00 and was issued at ₹25.00 per warrant, including a premium of ₹20.00.

Conversion Terms and Timeline

The convertible warrants come with specific conversion terms designed to provide flexibility to warrant holders while ensuring capital infusion for the company. Warrant holders have paid 25% of the issue price upfront, totaling ₹12,06,25,000.

The warrants are convertible into an equivalent number of equity shares within 18 months from the allotment date. Upon conversion, warrant holders must pay the remaining 75% of the issue price. If warrants are not converted within the stipulated timeframe, they will lapse and the initial 25% payment will be forfeited by the company.

Securities Allotment Committee Formation

The Board has constituted a Securities Allotment Committee for allotment of equity shares pursuant to conversion of warrants upon receipt of balance 75% of the offer price from warrant holders.

Key Investor Allocations

The allotment attracted diverse participation from 32 non-promoter investors, with notable allocations including Starwings Realtors Private Limited receiving the largest allocation of 16,00,000 warrants, while Spice Fuel Ventures Private Limited and Richway Financial Services Private Limited each received 10,00,000 warrants.

All warrants will be issued in dematerialized mode and are subject to lock-in provisions as mandated by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This preferential allotment represents a strategic capital-raising initiative that provides Hi-Klass Trading and Investment with immediate funds while offering investors conversion options based on future performance.

Hi-Klass Trading and Investment Limited , a company listed on the BSE, has announced a significant change in its leadership. Tanish Sharma, the Chief Executive Officer (CEO) of the company, has tendered his resignation, effective December 8, 2025.

Key Details of the Resignation

Transition Process

Mr. Sharma has assured the Board of Directors of his full cooperation during the transition period. He has committed to assisting in ensuring a smooth handover of responsibilities, which is crucial for maintaining operational continuity within the organization.

Company's Response

The Board of Directors of Hi-Klass Trading and Investment Limited has formally noted Mr. Sharma's resignation. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact and Next Steps

The company has not yet announced a successor. However, the assurance of a cooperative transition suggests that Hi-Klass Trading and Investment Limited is taking steps to manage this change in leadership effectively.

As per regulatory requirements, Hi-Klass Trading and Investment Limited has made this information available on the company's website at www.hiklass.co.in , ensuring transparency with its investors and the public.

Investors and stakeholders of Hi-Klass Trading and Investment Limited may want to monitor further updates from the company regarding the leadership transition.