Allotment of 5,00,000 equity shares pursuant to conversion of 5lakh earrants in the meeting held on 1st September, 2025.
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Awaiting price reaction for this filing.
Hiliks Technologies' board, on September 1, 2025, approved the conversion of 5,00,000 warrants into 5,00,000 equity shares allotted to Enact Technologies Private Limited (a non-promoter) on a preferential basis at Rs. 37 per share (Rs. 27 premium over face value of Rs. 10). The company received Rs. 1.38 crore, being 75% of the issue price per warrant, from the allottee. Post this allotment, Enact Technologies' stake rises from 12.20% to 18.19%, and the total paid-up equity capital of the company has increased to Rs. 10 crore (1 crore equity shares of Rs. 10 each). This is part of an ongoing process, with 8,00,000 warrants still pending conversion under the original allotment of 48 lakh warrants made in June 2024.
This is a pre-scheduled warrant conversion leading to dilution of existing shareholders by 5 lakh shares (about 5%). Enact Technologies becomes a significant shareholder with an 18.19% stake, which may be viewed positively as it shows continued commitment by the investor. No fresh capital infusion beyond the contracted warrant amount, so limited direct cash-flow impact.