Nature of the Disclosure

This is a corrigendum issued by Hiliks Technologies Limited on July 20, 2026, to amend its original Postal Ballot Notice dated July 2, 2026. The corrigendum provides additional details on the objects of a proposed fundraising, as required by observations from the stock exchanges.

Key Quantitative Figures

The company seeks to raise a total of ₹24.84 crore through a preferential issue of equity shares and convertible warrants. The breakdown of the intended utilization is as follows:

  • Working capital requirement: ₹22.00 crore
  • General corporate purposes: ₹2.84 crore

The amount for general corporate purposes is capped at 25% of the gross proceeds, in compliance with BSE Circular No. 20221213-47.

Parties Involved

  • Stock Exchanges: BSE Limited and the Metropolitan Stock Exchange of India Ltd (MSEI)
  • Practicing Company Secretary: Mr. Alok Jain, who provided a compliance certificate.
  • Company Secretary: Brinda Mahajan (M. No. 30381)
  • Director: Sandeep Copparapu, Whole Time Director (DIN: 08306534)
  • E-Voting Agency: CDSL

Purpose and Regulatory References

The corrigendum was issued to elaborate on the 'Objects of the Issue' in response to observation letters received from BSE and MSEI. This was a requirement under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for obtaining in-principle approval for the preferential issue.

The issuance is governed by Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations (ICDR Regulations). The company references BSE Circular No. 20221213-47 dated December 13, 2022, which allows for a +/- 10% deviation in the utilization amount for the stated objects.

Financial and Operational Impact

The entire issue proceeds of ₹24.80 crore (approx. ₹24.84 crore as per the table) will be utilized for working capital and general corporate purposes. The utilization will occur in phases, dependent on the company's working capital needs and the receipt of funds from the warrant conversions.

Capital Structure Impact

The fundraising involves the issuance of new equity shares and convertible warrants. The explanatory note states that the financial figures and utilization plan are based on a "100% conversion of Warrants into equity shares within the stipulated time as well as full allotment of proposed equity shares." This indicates potential future dilution of equity.

Additional Information

  • The Practicing Company Secretary's certificate confirming compliance with SEBI ICDR Regulations is available on the company's website.
  • The corrigendum and all related documents are available on the websites of the company (www.hiliks.com), BSE (www.bseindia.com), MSEI (www.msei.in), and the e-voting platform (www.evotingindia.com).
  • All other contents of the original Postal Ballot Notice remain unchanged.