Shareholders of Hiliks Technologies have approved a special resolution to issue equity shares and convertible warrants on a preferential basis. The resolution received overwhelming support, passing with 99.62% of the votes cast during the remote e-voting process that concluded on August 1, 2026. This approval enables the company to proceed with its planned capital raising activity through the preferential allotment mechanism.

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period commenced on July 3, 2026, at 9:00 a.m. and ended on Saturday, August 1, 2026, at 5:00 p.m. Central Depository Services (India) Limited served as the service provider for the remote e-voting facility.

A total of 2461 shareholders were on record as of June 26, 2026. Of these, shareholders holding 10,750,000 shares participated in the voting, representing a participation rate of 44.81%. The promoters and promoter group, holding 500,000 shares, voted entirely in favour of the resolution. Public institutional holders did not participate in the vote.

Voting Results Breakdown

The detailed voting results submitted to BSE Limited and Metropolitan Stock Exchange of India Ltd. are as follows:

Jain Alok & Associates, appointed as the scrutinizer by the Board of Directors, certified the results. Alok Jain, Proprietor of Jain Alok & Associates, confirmed that the resolution was passed as the number of votes in favour exceeded the required majority. The scrutinizer’s report, dated August 1, 2026, states that all procedural requirements under the Companies Act, 2013, and SEBI regulations were duly complied with.

Sandeep Copparapu, Whole Time Director of Hiliks Technologies Limited, declared the results on August 3, 2026. The company has communicated the outcome to the stock exchanges and displayed the scrutinizer’s report on its website. The promoter group indicated no interest in the agenda item, confirming that the preferential allotment is targeted at external investors.

Hiliks Technologies Limited has published the corrigendum to its postal ballot notice in newspapers on July 21, 2026. The company issued the corrigendum on July 20, 2026, to provide additional details regarding the utilization of proceeds from a proposed preferential issue of equity shares and convertible warrants. The e-voting facility for this resolution is available from July 3, 2026, at 9:00 a.m. until August 1, 2026, at 5:00 p.m.

The corrigendum was issued following observations from BSE Limited and the Metropolitan Stock Exchange of India Ltd, requiring the company to elaborate further on the objects of the issue. The revised explanatory statement specifies that the total issue proceeds amount to ₹24.84 crore. This figure is based on the estimated full conversion of warrants into equity shares within the stipulated timeframe and the full allotment of proposed equity shares.

Utilization of Issue Proceeds

The company has detailed the allocation of the ₹24.84 crore proceeds in the corrigendum. The majority of the funds are directed towards working capital requirements, while a smaller portion is earmarked for general corporate purposes. The utilization of these funds is expected to occur in phases, subject to the company's working capital requirements and the availability of proceeds.

Considering 100% conversion of Warrants into equity shares within the stipulated time as well as full allotment of proposed equity shares.

Regulatory Compliance and Variations

The company stated that the proceeds from the preferential issue, totaling ₹24,80,00,000, will be utilized in compliance with BSE circular no. 20221213-47 dated December 13, 2022. This regulation limits the utilization for general corporate purposes to not exceeding 25% of the gross proceeds. Additionally, the amount specified for the objects may deviate by +/- 10% depending on future circumstances, financial conditions, and market factors.

The corrigendum also replaces a previous note regarding the Practicing Company Secretary's Certificate. The certificate from Mr. Alok Jain, confirming compliance with SEBI (ICDR) Regulations, is now hosted on the company's website. All other contents of the original postal ballot notice remain unchanged, and this corrigendum must be read in conjunction with the original notice.