Hiliks Technologies Limited announced its unaudited financial results for the quarter ended December 31, 2025, presenting a mixed performance with substantial revenue growth offset by profitability challenges. The technology company, listed on BSE and Metropolitan Stock Exchange of India, submitted its quarterly results under Regulation 33 of SEBI regulations.

Financial Performance Overview

The company's Q3FY26 results revealed contrasting trends in revenue and profitability metrics. While the top-line performance showed remarkable growth, the bottom-line faced pressure due to increased operational expenses.

Revenue Growth and Operational Challenges

The standout feature of Q3FY26 was the exceptional revenue growth, with operations revenue jumping from ₹183.74 lakh in Q3FY25 to ₹803.86 lakh in Q3FY26. This substantial increase demonstrates the company's expanding business activities and market reach.

However, this revenue surge was accompanied by a proportionally higher increase in expenses. Total expenses rose to ₹830.35 lakh from ₹168.81 lakh in the previous year, primarily driven by purchases of stock-in-trade which increased to ₹678.76 lakh from nil in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Hiliks Technologies maintained overall profitability despite the quarterly loss:

Capital Structure and Equity Changes

The company's capital structure showed significant expansion during the period. Paid-up equity share capital increased to ₹1,075.00 lakh as of December 31, 2025, compared to ₹852.00 lakh in the corresponding period of the previous year. This represents a 26.2% increase in the equity base, indicating capital raising activities to support business growth.

Consolidated Results

On a consolidated basis, the company reported similar trends with a net loss of ₹27.27 lakh in Q3FY26 compared to a profit of ₹14.93 lakh in Q3FY25. The consolidated results include two subsidiaries: Hiliks Greens Private Limited and Hiliks Technologies Inc.

Regulatory Compliance and Audit

The financial results were reviewed by the audit committee and approved by the Board of Directors at their meeting held on February 12, 2026. The statutory auditors, A S K M & Co., conducted a limited review of the results as per Regulation 33 of SEBI regulations. The company also submitted a declaration regarding the non-applicability of Regulation 32 of SEBI (LODR) Regulations, 2015, confirming no requirement for deviation statements related to public issue proceeds.

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.