Board Meeting1 Jul 2026, 03:34 pm
Hiliks Technologies Approves Preferential Issue of Shares and Warrants
AI Summary
Hiliks Technologies Ltd announced the outcome of its Board Meeting held on July 1, 2026. The board approved the issuance of up to 23,00,000 equity shares at ₹72 per share and up to 11,50,000 warrants convertible into equity shares at ₹72 per warrant. These issuances are on a preferential basis to non-promoter categories and are subject to shareholder approval. The company will also seek shareholder approval via postal ballot for these issuances. The total funds raised from the equity share issuance are expected to be approximately ₹16,56,00,000. The meeting also confirmed the appointment of M/s. Jain Alok & Associates as the scrutinizer for the postal ballot process.
Key Highlights
- Board approved preferential issuance of 23 lakh equity shares at ₹72 each.
- Board approved issuance of 11.5 lakh warrants convertible to equity shares.
- Both issuances are to non-promoter category investors.
- Shareholder approval required via postal ballot for the issuances.
- Total funds from equity issuance estimated at ₹16.56 crore.
Price Impact
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