NewsCorporate ActionsHi-Klass Trading Completes ₹48.25 Cr Warrant Allotment with Kabra Group DisclosureHi-Klass Trading Completes ₹48.25 Cr Warrant Allotment with Kabra Group Disclosure
Hi-Klass Trading and Investment Limited successfully completed a preferential allotment of 1.93 crore convertible warrants at ₹25 each, raising ₹12.06 crores upfront. The Kabra Group disclosed acquisition of 52.50 lakh warrants representing 15.67% diluted shareholding under SEBI substantial acquisition regulations, while promoter entity NICO INDIA CONSULTANCY LLP received 46.75 lakh warrants, significantly expanding the company's capital base.
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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, with both non-promoter and promoter participation. Subsequently, the Kabra Group filed substantial acquisition disclosures under SEBI regulations on December 18, 2025.
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.
| Parameter: | Details |
|---|---|
| Board Meeting Date: | December 16, 2025 |
| AGM Approval Date: | September 27, 2025 |
| BSE In-Principal Approval: | December 2, 2025 |
| Regulatory Compliance: | Sections 42 & 62, Companies Act 2013 |
Warrant Allotment Structure
The company allotted 19,300,000 convertible warrants through preferential allotment to investors, including both non-promoter and promoter entities. Each warrant carries a face value of ₹5.00 and was issued at ₹25.00 per warrant, including a premium of ₹20.00.
| Parameter: | Details |
|---|---|
| Total Warrants Allotted: | 1,93,00,000 |
| Face Value per Warrant: | ₹5.00 |
| Issue Price per Warrant: | ₹25.00 |
| Premium per Warrant: | ₹20.00 |
| Total Issue Size: | ₹48.25 crores |
| Upfront Payment Received: | ₹12.06 crores |
Kabra Group Substantial Acquisition Disclosure
Under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Mr. Lokesh Kabra filed a disclosure on December 18, 2025, on behalf of the Kabra Group and persons acting in concert. The group acquired 52,50,000 convertible warrants representing 15.67% of the total diluted share capital.
| Acquirer Name: | Warrants Acquired | Percentage Holding |
|---|---|---|
| Ashok Kabra: | 7,50,000 | 2.24% |
| Manju Kabra: | 7,50,000 | 2.24% |
| Lokesh Kabra: | 7,50,000 | 2.24% |
| Vidhi Kabra: | 7,50,000 | 2.24% |
| Jugal Kabra: | 7,50,000 | 2.24% |
| Sangeeta Kabra: | 7,50,000 | 2.24% |
| Krishna Kabra HUF: | 7,50,000 | 2.24% |
| Total Kabra Group: | 52,50,000 | 15.67% |
Promoter Participation and Insider Trading Disclosure
As part of the preferential allotment, the company has disclosed under SEBI (Prohibition of Insider Trading) Regulations, 2015, that 46,75,000 convertible warrants were allotted to NICO INDIA CONSULTANCY LLP, a promoter entity of the company. This allocation was made at the same terms of ₹5 face value per warrant at an offer price of ₹25 each.
| Promoter Details: | Information |
|---|---|
| Promoter Entity: | NICO INDIA CONSULTANCY LLP |
| Warrants Allocated: | 46,75,000 |
| Allocation Value: | ₹11.69 crores |
| Disclosure Date: | December 18, 2025 |
Capital Structure Impact
The warrant allotment significantly impacts the company's capital structure. The equity share capital increased from ₹1,42,12,400 (comprising equity shares of ₹5 each) to a total diluted capital of ₹3,35,12,400 assuming full conversion of warrants into equity shares.
| Capital Structure: | Before Allotment | After Full Conversion |
|---|---|---|
| Equity Share Capital: | ₹1,42,12,400 | ₹3,35,12,400 |
| Number of Shares: | 28,42,480 | 67,02,480 |
| Face Value per Share: | ₹5.00 | ₹5.00 |
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.
| Committee Member: | Designation | Category |
|---|---|---|
| Mr. Sanjay Kumar Jain: | Managing Director | Member |
| Mr. Dipak Sundarka: | Non-Independent Director | Member |
| Ms. Sanskkrity Jain: | Independent Director | Member |
| Mr. Navin Kumar Jain: | Independent Director | Member |
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.
Historical Stock Returns for Hi-Klass Trading and Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.68% | +4.68% | +21.06% | +261.23% | +261.23% | +680.95% |
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