Allotment of 6,80,000 equity shares pursuant to conversion of 6,80,000 warrants in Board meeting held on 18th June, 2025. The meeting concluded at 4:15 p.m.
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Hiliks Technologies has allotted 6,80,000 equity shares to three non-promoter individuals upon conversion of an equal number of warrants at Rs. 37 per share (including Rs. 27 premium). The company received Rs. 1.88 crore, which is the 75% balance amount due per warrant. Following this allotment, the company's paid-up equity capital has risen to Rs. 9.5 crore, comprising 95 lakh equity shares of Rs. 10 each. About 13 lakh warrants are still pending conversion, with holders required to pay the remaining 75% within 18 months of the original warrant allotment.
This is a dilution event for existing shareholders as new shares are issued, though the funds were already partially collected when warrants were originally issued. No fresh capital is being raised — it is the conclusion of a previously announced preferential warrant issuance.