Please find attached intimation regarding incorporation of wholly-owned subsidiary with the name "Hiliks Greens Private Limited"
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Hiliks Technologies Ltd has informed the stock exchanges about the incorporation of a new wholly-owned subsidiary named 'Hiliks Greens Private Limited'. A wholly-owned subsidiary means the parent company will own 100% of the new entity. The filing does not disclose the capital invested, the business activity, or the strategic rationale behind this new subsidiary. The name 'Greens' may hint at involvement in agriculture, food, or sustainability-linked businesses, but this is not confirmed in the filing.
This is a routine corporate restructuring announcement with no immediate material impact on shareholders. Investors should watch for further disclosures about the subsidiary's business plan and capital deployment to understand the strategic direction.