Hiliks Technologies Ltd has fixed the remote e-voting period from July 3, 2026, to August 1, 2026, to seek shareholder approval for the preferential allotment of 23 lakh equity shares and 11.5 lakh warrants, aiming to raise an aggregate consideration of ₹24.84 crore. The issuance, priced at ₹72 per share including a premium of ₹62, is intended to meet working capital requirements and for general corporate purposes. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting for members.

The Board of Directors approved the issuance of up to 23,00,000 equity shares with a face value of ₹10 each and up to 11,50,000 warrants. The allotment will be made to nine non-promoter investors, including Aegis Investment Fund PCC, Niveza Small Cap Fund, and Enact Technologies Private Limited. The issue is subject to the approval of shareholders and complies with the Companies Act, 2013, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The warrants are convertible into one fully paid-up equity share each within 18 months from the date of allotment. Investors must pay 25% of the consideration at application, with the balance due at conversion. The equity shares and warrants will be allotted within 15 days from the date of passing the resolution, subject to necessary regulatory approvals. The shares will rank pari passu with existing equity shares.

Preferential Allotment Details

The company has appointed Mr. Alok Jain, representative of M/s. Jain Alok & Associates, Practicing Company Secretaries, as the scrutinizer for the postal ballot voting process. Electronic voting facilities will be provided to members holding shares as on the cut-off date of June 26, 2026. The scrutinizer will submit the report, and results will be declared on or before August 4, 2026.

Hiliks Technologies has secured a sub-contract valued at ₹95.51 crore from KMC Constructions for signaling and telecommunication works, strengthening its order book in the railway infrastructure sector.

Order Details

The sub-contract agreement was signed on March 13, 2026, covering the doubling of track between Akanapet Jn. & Medchal Stations, including the implementation of Kavach in South Central Railway, Telangana. The requisite approval from South Central Railway was received on June 17, 2026.

The company stated that the cumulative value of pending orders stands at ₹165 Crores. The disclosure was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.