Hiliks Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/06/2025 ,inter alia, to consider and approve Meeting of the Board of ....
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Hiliks Technologies Ltd has informed the stock exchanges that its Board of Directors will meet on Wednesday, 18th June 2025 at 3:00 p.m. at the registered office in Andheri East, Mumbai. The key agenda item is to consider and approve the allotment of equity shares on a preferential basis pursuant to the conversion of warrants previously issued by the company. The intimation is filed under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The communication is signed by Sandeep Copparapu, Whole Time Director.
This is a routine intimation for converting existing warrants into equity shares, which means the share count will increase (minor dilution for existing shareholders). However, no fresh capital is being raised as the money would have already come in when the warrants were originally issued.