HI-KLASS TRADING AND INVESTMENT LIMITED
Key Findings
- No deviation or variation in utilization of proceeds from preferential issue of convertible warrants
- Covers the half year and second quarter ended September 30, 2026
- Statement duly reviewed by the Audit Committee
Preferential Issue Details
First Issue:
- Date of Raising Funds: January 14, 2026
- Amount Raised: ₹11.97 crore (₹11,97,00,000)
Second Issue:
- Date of Raising Funds: February 11, 2026
- Amount Raised: ₹12.11 crore (₹12,10,96,875)
Third Issue:
- Date of Raising Funds: February 27, 2026
- Amount Raised: ₹5.93 crore (₹5,92,96,875)
Total Funds Raised: ₹30.01 crore
Fund Utilization Details
| Purpose | Original Allocation (₹) | Funds Utilized (₹) | Deviation |
| Loan Repayment | 96,500,000 | 52,059,174 | NIL |
| Fresh Loan Disbursement | 173,700,000 | 125,600,000 | NIL |
| Investment in Shares and Securities | 193,000,000 | 123,100,000 | NIL |
| General Corporate Purpose | 19,300,000 | 200,000 | NIL |
Audit Committee Review
The Audit Committee provided favorable remarks, stating that the company is in compliance with the requirements specified in the regulations for raising funds.