Hiliks Technologies reported a 324% year-on-year surge in standalone revenue from operations to ₹29.59 crore for FY26, driven by large-scale railway project execution. Profit after tax rose 81% to ₹0.84 crore. The company also secured a new ₹37.75 crore order for signalling works.

The financial year marked a structural shift towards Railway Signalling & Telecommunications (S&T), which contributed 74% of total revenue. This vertical grew from nil in the previous year to ₹218.92 crore in standalone terms (reported as ₹218.915 thousand in notes, scaled to crore context in highlights). Technology services revenue remained stable at ₹76.96 crore.

Financial Performance

The company’s total income reached ₹296.09 crore, up from ₹69.77 crore in FY25. Despite a sharp increase in expenses to ₹283.91 crore due to material procurement for the 'Railone' project, profitability improved significantly.

Order Book and Business Updates

Subsequent to the financial year-end, Hiliks received an order valued at approximately ₹37.75 crore for signalling and telecommunication works associated with the Motumari-Vishnupuram Doubling Project. With this addition, the cumulative pending order book stands at approximately ₹70 crore.

The company strengthened its capital base during the year, increasing equity share capital from ₹8.82 crore to ₹10.75 crore through the conversion of warrants. It remains debt-free with a net worth of ₹26.65 crore as of March 31, 2026.

Corporate Governance and AGM

The company will hold its 41st Annual General Meeting on September 25, 2026, via video conferencing. Key agenda items include:

• Re-appointment of Mr. Sandeep Copparapu as Whole-Time Director for a three-year term until August 2030.
• Appointment of M/s Jain Alok & Associates as Secretarial Auditor for five years.
• Re-appointment of directors retiring by rotation.

E-voting will be facilitated by Central Depository Services (India) Ltd from September 22 to September 24, 2026. The book closure period is from September 19 to September 25, 2026.

What the Numbers Show

The transition into EPC-scale project execution has materially altered the cost structure. While revenue quadrupled, expenses increased by 348%, primarily due to ₹196.07 crore in material purchases for the Railone project. However, the operating leverage was positive, with PAT growing faster than EBITDA. The debt-free balance sheet provides flexibility to manage the working capital intensity inherent in government infrastructure contracts.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE966Q01010/6b325498-b9f3-425f-bc98-f508e39fd7ee.pdf

Hiliks Technologies board of directors approved the re-appointment of Sandeep Copparapu as whole-time director for a three-year term commencing August 21, 2027. The resolution requires shareholder approval. The board also noted the resignation of independent director Nagavenata Padma Bhaskar Vedenabhatla, effective August 21, 2026.

The decisions were taken during a meeting held on August 21, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The session commenced at 3:30 pm and concluded at 3:45 pm.

Board Resolutions

The key outcomes from the meeting include:

• Re-appointment of Sandeep Copparapu as Whole-Time Director, subject to shareholder approval, for a period of three years from August 21, 2027 to August 20, 2030.
• Resignation of Nagavenata Padma Bhaskar Vedenabhatla from the role of Independent Director, effective at the closure of business hours on August 21, 2026. He also ceased to be a member of the Audit Committee and Chairman of the Nomination and Remuneration Committee and Stakeholders Relationship Committee.

Director Profiles and Disclosures

Sandeep Copparapu, aged about 36 years, holds an MBA (Marketing) degree and has more than nine years' experience in manpower consultancy and IT-enabled services. The company confirmed he has no relationship with any other director and is not debarred from holding office by any SEBI order.

Nagavenata Padma Bhaskar Vedenabhatla cited pre-occupation elsewhere as the reason for his resignation. He confirmed there are no other material reasons for stepping down.