Hiliks Technologies Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III thereto.

The company has been informed that its promoter and shareholder, Extros Developers Private Limited (formerly known as Pacheli Developers Private Limited) ("Proposed Seller"), and three proposed acquirers - Enact Technologies Private Limited, Mr. Penumatsa Venkata Raju, and Mr. Venkata Lakshmi Narasimha Swamy Boyapati (collectively, the "Proposed Acquirers") - have executed a non-binding Letter of Intent ("LOI") on 17.09.2026.

The LOI records the proposed terms for the sale/purchase of 5,00,000 equity shares of the company, constituting approximately 4.65% of its paid-up equity share capital ("Sale Shares").

Key Transaction Details:

  • Parties Involved: Proposed Seller: Extros Developers Private Limited; Proposed Acquirers: Enact Technologies Private Limited, Mr. Penumatsa Venkata Raju, and Mr. Venkata Lakshmi Narasimha Swamy Boyapati
  • Related Party Status: As of the date of intimation, the Proposed Seller and Proposed Acquirers are not classified as related parties of the company
  • Industry of Acquisition: Not applicable as the Sale Shares represent existing equity shares of the company itself
  • Approvals Required: Subject to completion of due diligence, execution of definitive documents, and compliance with applicable law including the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI SAST Regulations"), to the extent applicable
  • Timeframe for Completion: To be determined upon completion of due diligence
  • Nature of Consideration: Cash
  • Acquisition Price: To be mutually negotiated and agreed between the Proposed Seller and the Proposed Acquirers after completion of Due Diligence
  • Shareholding Percentage: Up to 5,00,000 equity shares, constituting approximately 4.65% of the paid-up equity share capital of the company

The disclosure is made in the interest of transparency and in compliance with the company's obligations under the Listing Regulations. The document was signed by Copparapu Sandeep, Whole Time Director (DIN: 08306534) of Hiliks Technologies Limited.