Description

BSE notifies listing of 3,162,500 new equity shares of Hi-Klass Trading and Investment Limited, issued on preferential basis via warrant conversion, effective May 12, 2026.

Summary

BSE has notified trading members that 3,162,500 new equity shares of Hi-Klass Trading and Investment Limited (Scrip Code: 542332, ISIN: INE302R01024) are listed and permitted to trade on the Exchange effective Tuesday, May 12, 2026. These shares were issued at Rs. 25/- each (face value Rs. 5/- at a premium of Rs. 20/-) to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants.

Key Points

  • 3,162,500 equity shares of Rs. 5/- face value issued at Rs. 25/- per share (Rs. 20/- premium)
  • Issued to Promoter and Non-Promoter on preferential basis via warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Distribution numbers: 27054901 to 30217400
  • Date of allotment: 27 February 2026
  • Trading permitted from: Tuesday, 12 May 2026
  • ISIN: INE302R01024

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification under BSE listing obligations for newly allotted securities.

Compliance Requirements

Trading members are informed to update their records accordingly. The new shares are eligible for trading from May 12, 2026, subject to applicable lock-in restrictions.

Important Dates

  • Date of Allotment: 27 February 2026
  • Trading Commencement: 12 May 2026
  • Lock-in expiry (960,000 shares): 30 November 2027
  • Lock-in expiry (2,202,500 shares): 30 November 2026

Impact Assessment

The listing adds 3,162,500 new equity shares to the tradeable float of Hi-Klass Trading and Investment Limited, representing equity dilution for existing shareholders. However, the immediate free-float impact is limited by lock-in restrictions: 960,000 shares (dist. nos. 27054901–28014900) are locked in until 30 November 2027, and 2,202,500 shares (dist. nos. 28014901–30217400) are locked in until 30 November 2026. Only shares not subject to lock-in are freely tradeable from May 12, 2026.

Impact Justification

Routine listing notice for preferential allotment shares via warrant conversion. Medium impact due to equity dilution of ~3.16 million shares with lock-in restrictions affecting promoter and non-promoter holdings.