CFO appointment and Resignation .

H!I-KLASS, TRADING AND I:NVESTMiENT ll'MITED Rogd Off: 0,2.Shanti Kutir BIIli'ltUng. Shivaji Ro,a,d.01lfM'GHc'ad, Kandival,i Wes't. Mumbai - 400067 CIIIN~L51i900MHl992PiLC066,262,. Webs'ita: www_I:Iik'lass_cD_in Contact= 8100121394. Emai'l I'D:info@,hiklass_co_in' August 13,2026 The Manager Listing Department BSELimited Phiroze Jeejeebhoy Towers, 1st Floor DalalStreet, Mumbai - 400001 Scrip Code in BSE:542332 Sub: Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 ofthe SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 this isto inform you that the Board ofDirectors ofthe Company at its meeting held today, 13th August, 2026, at 3.00 P.M.through Video Conferencing. inter-alia, considered, approved and taken note ofthe following matters: 1. A.Taken note of the resi~nation of CFO: Mr.Deepak [hunjhunwala, Chief Financial Officer ofthe Company, has communicated his intention to resign from his position as Chief Financial Officer ofthe Company. The Board took note ofhis resignation from the position ofCFOand KeyManagerial Personnel ofthe Company, effective from August 13,2026. The Board placed on record its sincere appreciation for the valuable services, contribution and support rendered by Mr.Deepak Jhunjhunwala during his tenure with the Company and wished him success in his future endeavours. The letter ofthe resignation isenclosed herewith. The details as required to be disclosed under the SEB!Circular HO/49/14/14(7)202s-CFDPOD2/ 1/3762/2026 dated 30 January 2026 isannexed as Annexure II. B. Approyed the appointment of (FO: Based on the recommendation ofthe Audit Committee and Nomination and Remuneration Committee, the Board, approved the appointment of Mrs. Bhawana Jha as the Chief Financial Officer ("CFO")and Key Managerial Personnel ("KMP")ofthe Company with effect from August 13, 2026. The details as required to be disclosed under the SEB!Circular HO/49/14/14(7)202s·CFDPOD2/ 1/3762/2026 dated 30 January 2026 isannexed as "Annexure-III". C. Reconstitution ofthe Risk ManaGement Committee Consequent upon the resignation of Mr.Deepak Jhunjhunwala and appointment of Mrs. Bhawana Jha as Chief Financial Officer and KMPof the Company, with a view to ensuring appropriate composition and H~I-KLASST'RADING AND INVESTM!ENIT Lll!MITED Regd Off: 02, Shanti Kutir Bluilding" Shivaji Road. OUM6 Ro'ad, Kandivali WeS1i~Mlumbai - 400067 CI!N:1L51'900MlH1992PLC066,262.Website: VJww_hikilass_co.in 'Contact: B100121394, Email 110: info'@hiklass_co_illi1' effective functioning of the Risk Management Committee, the Board, based on the Risk Management Committee, approved the reconstitution ofthe Risk Management Committee ofthe Company with effect from August 13, 2026. The reconstituted Risk Management Committee shall comprise the following members: Designation in Sr.No. Name I II II Committee I 11. IIMr.Dipak Sundarka IIChairman 1 12. IIMrs.Bhawana [ha IIMember 1 13. IIMr.Navin Kumar Jain IIMember 1 14. IIMS.Sanskkrity Jain IIMember 1 The Committee shall function in accordance with its terms of reference and the applicable provisions of the Companies Act,2013, SEB!LODRRegulations and other applicable laws and regulatory requirements. Due to the change in the composition of the Commnittee, the Board adopted revised Risk Management Policy. D, Change in Authorized Officials for determining materiality as per Regulation 30 ofthe SEBILODR, 2015 with effect from August 13, 2026 The Board further authorized Mr.Sanjay Kumar Jain Managing Director; Mrs. Bhawana [ha CFO,and Mrs. Neha Kedia, Company Secretary and Compliance Officer as the KeyManagerial Personnel ("KMplI of the Company with effect from August 13, 2026 for the purpose of determining materiality of an event or information and for the purpose ofmaking disclosures to stock exchange under Regulation 30 ofthe SEB! LODR,2015, Accordingly, please find below the contact details ofthe KMP'sauthorized for the purpose ofdetermining materiality ofan event or information and for the purpose ofmaking disclosures to stock exchange: S.No. Name &Designation of KMP Contact Details l. Mr.Sanjay Kumar Jain, Managing Director Contact: 2. Mrs Bhawana [ha, CFO 98310121394/9874385558 3. Mrs Neha Kedia, Company Secretary and Compliance Email !d- info@hiklass.co.in Officer The aforesaid information will also be available on the website ofthe Company. 2. Shiftin~ ofthe Corporate Office The Board of Directors ofthe Company, considered and approved the shifting ofthe Corporate Officeofthe Company from 8/1/2, Dr.U.N.Bramhachari Street, 3rd Floor,Kolkata - 700017 to Room No.802, 8th Floor; Vasundhara Building, Sarat Bose Road, Kolkata - 700020 w.e.fAugust 13, 2026. 3. Approval for Execution ofAgreement with Ringo Fincap Private Limited: The Board considered and approved the proposal forexecution ofan Agreement between the Company and Ringo Fincap Private Limited foracquisition and resolution ofdistressed retail loan portfolios in connection with the Company's proposed entry into the portfolio acquisition business vertical. HII-KLASS, T'RADING AND INIVESTMENT LIMITED! Regd Off: 012. Shant. Kutir BllIi;ldiwl,g.S,hi:vaji R'oad. Off M 6 Road. Kand'ival~i Wes~ Mumb,ai - 40006,7 C~N:1.5190OiMIH1992PiLC066,262,.Website: www_hikclass.co.in ,Contact: ,8100121394. Ema,illO: infD@l1iklass.co.,iifill The Board noted that the Agreement shall become effective only upon alteration of the Memorandum of Association ofthe Company, subject to approval ofthe shareholders at the ensuing Annual General Meeting and such other applicable approvals and compliances. 4. Designation and Authorization to Mr.Akshat Khandelwal The Board considered and approved the designation ofMr. Akshat Khandelwal, an existing employee ofthe Company, as President - Portfolio Management & Recovery w.ef August 13, 2026. The Board further approved his appointment as an Authorised Officer of the Company for matters relating to the Company's portfolio management and recovery operations and authorised him to exercise such powers and perform such duties as may be assigned by the Board and/or Managing Director from time to time. 5, Revise in Remuneration of Mr,Sanjay Kumar lain, Managing Director Mr.Sanjay Kumar Jain (DIN: 00415316) was appointed as the Managing Director of the Company by the Board at its meeting held on August 30, 2022, based on the recommendation of the Nomination and Remuneration Committee, for a period of five years with effect from September 29, 2022. The said appointment was approved by the shareholders at the AGMheld on September 29, 2022, which also authorised the Board to vary the terms and conditions of his appointment and remuneration within the limits prescribed under Schedule Vofthe Companies Act,2013. In line with this, the Board has approved the revision in his remuneration to ~25000/- (Rupees Twenty- Five Thousand) per month with effect from August 13, 2026. All other terms and conditions of his appointment, as per the Agreement dated August 30,2022, shall remain unchanged. 6. Proposal for Change in Name ofthe Company The Board considered and approved the proposal for change in the name ofthe Company from "Hi-Klass Trading and Investment Limited" to anyone of the following proposed names, subject to availability and approval of the Registrar of Companies, Central Registration Centre (CRC),Ministry of Corporate Affairs, RBI,shareholders ofthe Company and such other statutory/regulatory authorities, as may be applicable The Board approved the following proposed names, in order ofpreference: 1. Nicoindia Finance &Investment Limited 2. Nicoindia Finvest Services Limited 3. Suchother name as may be approved bythe Registrar ofCompanies or as may be considered appropriate bythe Board, subject to the requisite approvals. and consequential alteration to Memorandum ofAssociation and Articles ofAssociation ofthe Company subject to approval of Shareholders in ensuing General me [Showing first 8,000 characters — download PDF for full document]