Hi-Klass Trading&Inv

Hi-Klass Trading and Investment Ltd's board took note of CFO Deepak Jhunjhunwala's resignation and appointed Bhawana Jha as his successor, both effective 13 August 2026. It approved a proposal to execute an agreement with Ringo Fincap to acquire and resolve distressed retail-loan portfolios, conditional on changes to the memorandum of association, shareholder approval and other required clearances. The board also proposed renaming the company Nicoindia Finance & Investment or Nicoindia Finvest Services, and designated Akshat Khandelwal as President – Portfolio Management & Recovery and authorised him for related recovery operations. The company described its business as holding and investing to earn dividends, interest and investment gains. Its audited FY26 results showed a PBT loss of ₹105.52 lakh and operating cash outflow of ₹167.65 lakh, while loans and borrowings had reached ₹1,358.88 lakh and ₹910.01 lakh respectively by September 2025.

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Hi-Klass Trading and Investment took note of CFO Deepak Jhunjhunwala’s resignation and appointed Bhawana Jha as his replacement, with both changes effective on 13 August 2026. The board also approved an agreement with Ringo Fincap Private Limited for the acquisition and resolution of distressed retail-loan portfolios, subject to an alteration of the memorandum, shareholder approval and other clearances. It proposed changing the company’s name to Nicoindia Finance & Investment or Nicoindia Finvest Services, subject to regulatory and shareholder approvals. Hi-Klass had described its business as a single-segment holding and investment operation earning dividends, interest and gains from investments. Its audited FY26 accounts showed a PBT loss of ₹105.52 lakh and operating cash outflow of ₹167.65 lakh, while loans had risen to ₹1,358.88 lakh and borrowings to ₹910.01 lakh by September 2025.

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Hi-Klass Trading scheduled a board meeting for August 13, 2026, to consider the resignation of CFO Deepak Jhunjhunwala, the appointment of Bhawana Jha, and the reconstitution of its Risk Management Committee. The agenda also included an agreement with Ringo Fincap for distressed retail-loan portfolio acquisitions, a possible change of name to Nicoindia Finance & Investment or Nicoindia Finvest Services, a revision of the managing director's monthly remuneration from ₹5,000 to ₹25,000, and a corporate-office relocation in Kolkata.

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Dec 18 (Reuters) - Hi-Klass Trading and Investment Ltd HIKL.BO:

• TO ISSUE 8 MILLION SHARES AT 10 RUPEES EACH

Source text: ID:nBSE6yPdKQ

Further company coverage: HIKL.BO

(([email protected];))

Dec 3 (Reuters) - Hi-Klass Trading and Investment Ltd HIKL.BO:

• HI-KLASS TRADING AND INVESTMENT LTD - PRAVIN K. CHOPDA RESIGNS AS CFO

Source text: ID:nBSE2tjstd

Further company coverage: HIKL.BO

(([email protected];))