Hi-Klass Trading And Investment Approves Distressed Loan Portfolio Entry And Name Change

Board approved an agreement with Ringo Fincap to acquire and resolve distressed retail loan portfolios, subject to shareholder, MOA and regulatory approvals, and proposed renaming the company Nicoindia Finance & Investment Limited. CFO Deepak Jhunjhunwala resigned; Bhawana Jha was appointed effective August 13. Context: expansion beyond its holding/investing model.