Please find attached intimation regarding forfeiture of warrants
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hiliks Technologies has informed exchanges that 50,000 convertible warrants held by Enact Technologies Private Limited have been forfeited because the warrant holder failed to exercise the conversion option within the 18-month deadline (by 15 December 2025). These warrants were part of a larger allotment of 48,00,000 convertible warrants made on a preferential basis to non-promoters on 21 June 2024 at Rs. 37 per warrant, with 25% upfront amount paid at allotment. As per SEBI ICDR Regulation 169(3), the upfront 25% amount already paid on these 50,000 warrants now stands forfeited to the company.
The forfeiture is a small event (only ~1% of the total warrants allotted) and the forfeited upfront amount is a minor gain for the company. However, it signals that the warrant holder did not find it worthwhile to convert at Rs. 37 per share, which is a mildly negative sentiment signal. Overall limited impact on stock price or shareholders.