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.

Hiliks Technologies Limited, a company listed on the Bombay Stock Exchange (BSE) and Metropolitan Stock Exchange of India (MSEI), has announced significant changes to its Board of Directors, effective August 11, 2025. The company's board meeting, which lasted from 3:00 PM to 4:30 PM, resulted in several key decisions aimed at strengthening its leadership team and corporate governance structure.

New Board Appointments

The Board of Directors has approved the appointment of two new members:

1. Ms. Srivalli Tirokuvalluri has been appointed as an Additional Non-Executive Director. With over 25 years of experience in finance and accounts, Ms. Tirokuvalluri brings a wealth of knowledge in commercial operations, taxation, audit coordination, and statutory compliance. She currently serves as Vice President at Andhra Pradesh Gas Power Corporation Ltd. Her educational background includes an M.Com., MBA in Finance, and she is pursuing a Company Secretary course.

2. Mr. Bhanu Dinesh Alava joins the board as an Additional Non-Executive Independent Director for a term of five years. Mr. Alava, an ACMA and CISA certified professional, has more than 15 years of experience in strategic financial advisory, internal controls, and business process automation across various sectors including agriculture, healthcare, IT, and education. His expertise includes contributions to USAID-funded projects and leading finance transformation initiatives.

Change in Board Designation

In addition to the new appointments, the board has approved a change in designation for one of its existing members:

• Mr. Veera Venkata Ramana Varma Mudunuri's designation has been changed from Additional Non-Executive Independent Director to Additional Non-Executive Non-Independent Director. The board has also fixed his remuneration at up to INR 1,50,000.

Other Key Decisions

The board meeting also resulted in several other significant decisions:

1. Approval of the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2025.
2. Decision to shift the Registered Office from the State of Maharashtra to the State of Telangana, with a consequential amendment to the Memorandum of Association.
3. Increase in the Authorised Share Capital from INR 12.00 crore to INR 20.00 crore.
4. Approval of a borrowing limit of up to INR 50.00 crore under Section 180(1)(c) of the Companies Act, 2013.
5. Increase in the remuneration of Mr. Sandeep Copparapu, Whole-Time Director, to up to INR 1,50,000 per month.

These changes reflect Hiliks Technologies' commitment to enhancing its corporate governance and financial capabilities. The diverse experience of the new board members is expected to contribute significantly to the company's strategic direction and growth initiatives.

Hiliks Technologies Limited continues to adapt and strengthen its leadership team as it navigates the evolving business landscape. Shareholders and market observers will be keen to see how these changes impact the company's performance and strategic decisions in the coming quarters.