Annual General Meeting of the members of the Company to be held on Friday, 19th September, 2025
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Hiliks Technologies has called its 40th AGM for Friday, 19th September 2025 at 1:00 p.m., to be held entirely through video conferencing. Shareholders will vote on adopting the audited financials for FY ended March 31, 2025 and on re-appointing Whole Time Director Sandeep Copparapu, who retires by rotation. Three additional directors — Mr. Veera Venkata Ramana Varma Mudunuri (as Non-Executive Non-Independent), Ms. Srivalli Tirokuvalluri (as Non-Executive), and Mr. Bhanu Dinesh Alava (as Independent Director for a 5-year term till August 2030) — are being regularised. The company is also seeking shareholder approval to raise its authorised share capital from Rs 12 crore to Rs 20 crore (creating up to 2 crore equity shares of Rs 10 each), and to expand its borrowing and asset disposal limits to Rs 50 crore each under Sections 180(1)(c) and 180(1)(a) of the Companies Act.
Shareholders should review the borrowing and asset-disposal limits of Rs 50 crore each, which give the board significant financial flexibility, and the 67% increase in authorised capital that could be used for future fundraising, potentially leading to dilution. The director regularisations and remuneration proposals for Mr. Varma (up to Rs 1.5 lakh per month plus allowances) also affect board composition and governance.