Key Quantitative Figures

The company proposes to raise ₹24.84 crore through:

  • Issue of 23,00,000 equity shares of face value ₹10 each at ₹72 per share (including ₹62 premium), aggregating ₹16.56 crore
  • Issue of 11,50,000 convertible warrants, each convertible into one equity share at ₹72 per warrant, aggregating ₹8.28 crore

Dates of Action

  • Cut-off date for voting eligibility: June 26, 2026
  • E-voting period: July 3, 2026 (9:00 AM) to August 1, 2026 (5:00 PM)
  • Result declaration: On or before August 4, 2026
  • Board meeting date: July 1, 2026
  • Relevant date for price calculation: July 2, 2026

Parties Involved

Registrar: Skyline Financial Services Private Limited

Scrutinizer: Mr. Alok Jain of Jain Alok & Associates, Practicing Company Secretaries

E-voting Agency: Central Depository Services (India) Limited (CDSL)

Valuer: Mr. Nitish Chaturvedi, Registered Valuer (IBBI/RV/03/2020/12916)

Proposed Allottees for Equity Shares (23,00,000 shares):

  • Aegis Investment Fund, PCC: 13,00,000 shares (Non-Promoter QIB)
  • Niveza Small Cap Fund: 7,00,000 shares (Non-Promoter QIB)
  • Orbit Global Softsol Private Limited: 1,00,000 shares (Non-Promoter Body Corporate)
  • Enes Global Softek Private Limited: 1,00,000 shares (Non-Promoter Body Corporate)
  • Sri Vinayaka Enterprises: 1,00,000 shares (Non-Promoter Partnership firm)

Proposed Allottees for Warrants (11,50,000 warrants):

  • Enact Technologies Private Limited: 8,00,000 warrants (Non-Promoter Body Corporate)
  • Manoharben Jamnalal Kabra: 2,00,000 warrants (Non-Promoter Individual)
  • Nirmalaben Manubhai Chabaria: 1,00,000 warrants (Non-Promoter Individual)
  • Rajendrakumar Sukhraj Jain: 50,000 warrants (Non-Promoter Individual)

Purpose and Rationale

The objects of the preferential issue are to meet working capital requirements and for general corporate purposes.

Financial and Operational Impact

Share Capital Impact:

  • Pre-issue paid-up capital: 1,07,50,000 equity shares
  • Post-issue paid-up capital: 1,42,00,000 equity shares (including full warrant conversion)
  • Promoter holding dilution: from 4.65% to 3.52%

Pricing Basis:

  • Floor price calculated as per SEBI ICDR Regulations
  • 90-day VWAP: ₹56.82
  • 10-day VWAP: ₹63.79
  • Issue price: ₹72 (26.4% premium to 10-day VWAP)

Lock-in Requirements:

  • Equity shares subject to 6-month lock-in as per SEBI ICDR Regulations
  • Pre-preferential allotment shareholding of investors locked-in until March 31, 2027

Voting Process Details

  • Remote e-voting through CDSL platform
  • Physical shareholders must register email with RTA
  • Demat shareholders can vote through depository participants
  • Once cast, votes cannot be changed
  • Scrutinizer to submit report within 2 working days after voting ends

Correction Disclosure

The revised notice corrects a typographical error on Page 19 of the original filing where Mrs. Manoharben Jamnalal Kabra's post-preferential issue shareholding was incorrectly stated as 1,01,555 shares instead of the correct 2,01,555 shares. The company clarifies this error was clerical and didn't affect the substance of resolutions.

Additional Information

  • Company website: www.hiliks.com
  • Documents available for inspection from July 3 to August 1, 2026
  • Results will be displayed on company website and communicated to stock exchanges