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.

Hiliks Technologies Limited reported a significant turnaround in profitability for the quarter ended June 30, 2026, with standalone net profit rising to ₹1.01 crore from ₹14.35 lakh in Q1FY26. The company’s revenue from operations also expanded sharply to ₹11.39 crore, compared to ₹17.94 lakh in the corresponding period of the previous fiscal year.

The Board of Directors approved the unaudited standalone and consolidated financial results during a meeting held on August 14, 2026, in Hyderabad. Sandeep Copparapu, Whole Time Director, signed off on the disclosure in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total revenue for the quarter stood at ₹11.39 crore, as there was no other income reported. In contrast, the previous quarter (Q4FY26) saw revenue of ₹15.96 crore, while Q1FY25 recorded just ₹1.79 lakh.

Total expenses for Q1FY27 were ₹10.38 crore, down from ₹14.90 crore in Q4FY26 but up from ₹16.51 lakh in Q1FY25. Notably, changes in inventories contributed a negative expense of ₹59.05 lakh, indicating a reduction in stock-in-trade or work-in-progress, which positively impacted the bottom line. Employee benefits expense rose to ₹87.03 lakh from ₹26.37 lakh YoY, reflecting increased operational activity.

Consolidated figures mirrored the standalone results, with net profit at ₹1.01 crore and revenue at ₹11.39 crore. The company’s two subsidiaries—Hiliks Greens Private Limited (India) and Hiliks Technologies Inc (USA)—did not report any revenue transactions during the quarter, though advances were given for projects in the Indian subsidiary.

What the Numbers Show

The surge in profitability is largely attributable to improved operational efficiency and inventory management. The negative change in inventories (₹59.05 lakh reduction) offset higher employee costs and other expenses, allowing the company to achieve a pre-tax profit of ₹1.01 crore. This marks a significant improvement from the ₹14.35 lakh profit in Q1FY26, suggesting better cost control and project execution in the current period.

Regulatory Compliance

The results were reviewed by A S K M & Co., Chartered Accountants, under Standard on Review Engagement (SRE) 2410. The audit committee and Board of Directors approved the figures on August 14, 2026. The company also declared that Regulation 32 of SEBI LODR Regulations, 2015, regarding deviation in application of proceeds, is not applicable.