Hiliks Technologies Limited has announced the conversion of 7,50,000 warrants into equity shares, marking another significant step in its capital raising activities. The Board of Directors approved this conversion on December 10, 2025, following receipt of the requisite amount from warrant holders belonging to the non-promoter category.

Warrant Conversion Details

The conversion involves 7,50,000 warrants being converted into an equal number of equity shares at an issue price of ₹37.00 per warrant. The company received ₹2,08,12,500 from the allottees, representing 75% of the issue price per warrant as required under SEBI regulations.

Allottee Information and Shareholding Changes

The warrant conversion was executed on a preferential basis to investors from the non-promoter category. The two allottees and their respective shareholding changes are detailed below:

Substantial Acquisition Disclosure

Enact Technologies Private Limited has filed a substantial acquisition disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure confirms the acquisition of 4,50,000 equity shares through warrant conversion, increasing their total shareholding in Hiliks Technologies.

Impact on Share Capital

Following this conversion, the company's issued, subscribed and paid-up equity share capital has increased to ₹10,75,00,000, consisting of 1,07,50,000 fully paid-up equity shares of ₹10.00 each. The newly allotted equity shares will rank pari-passu with the existing equity shares of the company.

Outstanding Warrants and Previous Conversions

Despite this conversion, 50,000 warrants remain pending for conversion. The warrant holders are entitled to convert their warrants into equity shares by paying the remaining 75% of the issue price within 18 months from the original warrant allotment date of June 21, 2024.

This conversion is part of an ongoing series of warrant conversions by the company. Previous conversions include allotments on October 10, 2024 (18,00,000 shares), December 13, 2024 (7,20,000 shares), February 13, 2025 (3,00,000 shares), June 18, 2025 (6,80,000 shares), and September 19, 2025 (5,00,000 shares). The original warrant allotment comprised 48,00,000 convertible warrants at ₹37.00 per warrant issued in June 2024.

Hiliks Technologies Limited has announced a significant development in its business operations, securing a sub-contract order worth Rs 33.39 crore from MSR-MEDIKONDA JV. The contract involves comprehensive signalling and telecommunication works for a railway track doubling project under the South Central Railway Zone.

Contract Details

The project scope includes:

• Track doubling between Dornakal Junction and Bhadrachalam Road Station
• Coverage from Km 14.10 (before Karepalli Crossing Station) to Km 35.420 (beyond Chimalpahad yard)
• Implementation of Electronic Interlocking systems
• Installation of OFC (Optical Fiber Cable) communications

Project Specifics

Company Disclosures

In compliance with SEBI regulations, Hiliks Technologies has made the following disclosures:

• The order is from a domestic entity.
• Neither the promoters nor any group companies have interests in MSR-MEDIKONDA JV.
• The transaction does not fall under related party transactions.

This contract represents a significant opportunity for Hiliks Technologies to contribute to India's railway infrastructure development. The company's expertise in signalling and telecommunication works positions it well to execute this project, which is crucial for enhancing railway capacity and efficiency in the region.

The successful completion of this project could potentially strengthen Hiliks Technologies' position in the railway infrastructure sector and may lead to future opportunities in similar projects across India's extensive railway network.