Hiliks Technologies approves ₹24.84 crore fund raise

Overview of the shareholder approval

Hiliks Technologies Limited said shareholders have approved a special resolution to issue equity shares and convertible warrants on a preferential basis. The proposal was cleared through a postal ballot conducted via remote e-voting. The company said the resolution received 99.62% support among votes cast, allowing it to proceed with the planned capital-raising activity through preferential allotment. The voting process concluded on August 1, 2026.

What the preferential issue covers

The company is seeking approval for a preferential allotment of 23 lakh equity shares and 11.5 lakh warrants. The revised explanatory statement cited in the disclosure specifies total issue proceeds of ₹24.84 crore. Hiliks Technologies has indicated that most of the funds are to be used for working capital requirements. A smaller portion is earmarked for general corporate purposes.

How the postal ballot and e-voting were conducted

Hiliks Technologies said the postal ballot was carried out under Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting window started on July 3, 2026 at 9:00 a.m. and ended on August 1, 2026 at 5:00 p.m. Central Depository Services (India) Limited (CDSL) was the service provider for the remote e-voting facility.

Shareholder base and participation levels

The company reported that 2,461 shareholders were on record as of the cut-off date of June 26, 2026. Shareholders holding 10,750,000 shares participated in the vote. Based on the company’s disclosure, this translated into a participation rate of 44.81%. Public institutional holders did not participate in the voting process.

Voting results and category-wise split

The company submitted a detailed voting outcome to BSE Limited and Metropolitan Stock Exchange of India Ltd. Promoters and the promoter group, holding 500,000 shares, voted entirely in favour of the resolution. In the public category (other shareholders), a small portion of votes were cast against the resolution.

Scrutinizer’s confirmation and declaration of results

Alok Jain, Proprietor of Jain Alok & Associates, confirmed that the resolution was passed because votes in favour exceeded the required majority. The company had appointed Mr. Alok Jain, representative of M/s Jain Alok & Associates, Practicing Company Secretaries, as the scrutinizer for the postal ballot voting process. Sandeep Copparapu, Whole Time Director of Hiliks Technologies Limited, declared the results on August 3, 2026. The company said it communicated the outcome to stock exchanges and also displayed the scrutinizer’s report on its website.

Key dates and regulatory references

The company’s disclosures repeatedly highlighted the same remote e-voting schedule and the cut-off date used to determine voting eligibility. It also stated that the scrutinizer would submit the report and results would be declared on or before August 4, 2026. The outcome was ultimately declared on August 3, 2026.

Stock price context cited in the disclosures

Market data included alongside the corporate updates showed the stock at ₹65.29, up by ₹5.93 (9.99%) on June 22, 2026. Another data point stated that as of June 23, 2026, Hiliks Technologies’ share price was ₹65.3, with the stock opening at ₹65.3 and closing at ₹59.4 on the previous day. Over the last 52 weeks, the stock recorded a low of ₹38.63 and a high of ₹89.60.

Company background and earlier corporate actions

Hiliks Technologies Limited was formerly known as Anubhav Industrial Resources Limited and was incorporated on February 19, 1985. The company changed its name to Hiliks Technologies Limited on May 22, 2019. Separately, the company had completed a registered office relocation from Maharashtra to Telangana after receiving regulatory approval from the Regional Director, Western Region, Mumbai on December 22, 2025, following shareholder support of 99.06% through a postal ballot.

The disclosures also referenced an earlier capital action where Hiliks Technologies converted 7,50,000 warrants into equity shares at ₹37 per share, raising ₹2.08125 crore.

Why this vote matters for investors

Preferential allotments and warrant issues typically change a company’s capital structure and are therefore routed through shareholder approval. In this case, the high support level (99.62% of votes cast) and full promoter backing indicate a clear mandate to proceed with the ₹24.84 crore fund raise as presented. The voting data also shows that participation came entirely from promoter and public non-institutional shareholders, with no votes from public institutional holders.

Closing note

With the special resolution approved and the scrutinizer’s report already filed and displayed, Hiliks Technologies has the shareholder authorisation it needs to move ahead with its proposed preferential issue of equity shares and warrants. The company has already declared the outcome on August 3, 2026 and communicated it to the exchanges, completing the key approval step for the planned capital-raising exercise.