Hi-Klass Trading and Investment Limited CEO Tanish Sharma Steps Down

1 min read     Updated on 09 Dec 2025, 04:00 PM
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Shriram SScanX News Team
Overview

Tanish Sharma, CEO of Hi-Klass Trading and Investment Limited, has resigned effective December 8, 2025, citing personal reasons. The resignation was announced on December 9, 2025. Sharma has committed to assist in a smooth transition. The company's Board of Directors has noted the resignation and disclosed it in compliance with SEBI regulations. No successor has been announced yet.

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*this image is generated using AI for illustrative purposes only.

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

Aspect Details
Resigning Executive Tanish Sharma
Position Chief Executive Officer (CEO)
Effective Date December 8, 2025
Reason Cited Personal reasons
Notification Date December 9, 2025

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.

Historical Stock Returns for Hi-Klass Trading and Investment

1 Day5 Days1 Month6 Months1 Year5 Years
+4.68%+4.68%+21.06%+261.23%+261.23%+680.95%
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Hi-Klass Trading & Investment Reports Mixed Q2 Results with Significant Balance Sheet Changes

2 min read     Updated on 28 Oct 2025, 05:00 PM
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Reviewed by
Riya DScanX News Team
Overview

Hi-Klass Trading and Investment Limited reported a loss before tax of ₹34.28 crore for H1 ended September 30, 2025, compared to a profit of ₹39.31 crore in the same period last year. Total comprehensive income stood at ₹196.31 crore due to fair valuation gains. Revenue from operations slightly decreased to ₹57.80 crore. The company's balance sheet saw substantial changes with total assets increasing by 58.3% to ₹2,142.85 crore, loans growing by 209.5% to ₹1,358.88 crore, and borrowings rising by 171.3% to ₹910.01 crore. Cash and cash equivalents decreased by 43.7% to ₹31.38 crore.

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*this image is generated using AI for illustrative purposes only.

Hi-Klass Trading and Investment Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance with notable changes in its balance sheet structure.

Financial Performance

The company reported a loss before tax of ₹34.28 crore for the half-year ended September 30, 2025, compared to a profit of ₹39.31 crore in the same period last year. However, the total comprehensive income for the half-year stood at ₹196.31 crore, primarily due to a significant fair valuation gain on equity instruments through Other Comprehensive Income (OCI).

Revenue and Expenses

For the half-year ended September 30, 2025:

Particulars Amount (₹ in crore)
Revenue from operations 57.80
Total Income 57.80
Total Expenses 92.08
Profit/(loss) before tax (34.28)

The company's revenue from operations saw a slight decrease from ₹58.48 crore in the previous half-year to ₹57.80 crore. Notably, there was no other income reported for this period, compared to ₹7.07 crore in the same period last year.

Balance Sheet Highlights

As of September 30, 2025, Hi-Klass Trading and Investment reported significant changes in its balance sheet:

Particulars Sept 30, 2025 (₹ in crore) March 31, 2025 (₹ in crore) Change
Total Assets 2,142.85 1,353.51 +58.3%
Loans 1,358.88 438.99 +209.5%
Borrowings 910.01 335.44 +171.3%
Cash and cash equivalents 31.38 55.74 -43.7%

The company's total assets increased by 58.3%, primarily driven by a substantial rise in loans, which grew by 209.5%. Borrowings also saw a significant increase of 171.3%, while cash and cash equivalents decreased by 43.7%.

Segment Information

Hi-Klass Trading and Investment Limited operates as a single segment, focusing on holding and investing with an emphasis on earning income through dividends, interest, and gains from investments.

Auditor's Review

The statutory auditors, M/S Biswas Dasgupta Datta & Roy, Chartered Accountants, have conducted a limited review of the financial results and issued an unmodified opinion.

Management Commentary

Sanjay Kumar Jain, Managing Director of Hi-Klass Trading and Investment Limited, stated, "The Board of Directors has approved the unaudited standalone financial results for the second quarter and half-year ended September 30, 2025. While we face challenges in the current economic environment, we remain committed to our investment strategy and are actively managing our portfolio to navigate market fluctuations."

Investors and stakeholders should note that these results are unaudited and subject to limited review. The company continues to operate in a dynamic financial environment, and future performance may be influenced by various market factors and economic conditions.

Historical Stock Returns for Hi-Klass Trading and Investment

1 Day5 Days1 Month6 Months1 Year5 Years
+4.68%+4.68%+21.06%+261.23%+261.23%+680.95%
Hi-Klass Trading and Investment
View in Depthredirect
like16
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