Please find attached Voting results along with Scrutinizer report for the AGM held on 30th September, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hiliks Technologies held its 40th Annual General Meeting on September 30, 2025 via video conferencing, where all 8 resolutions were passed with overwhelming shareholder support (99.51% in favor). Of the 2,060 total shareholders, only 27 attended through VC, and 4,322,749 votes (about 40.24% of outstanding shares) were polled. Key resolutions included adoption of audited FY25 financial statements, re-appointment of Mr. Sandeep Copparapu as director, regularization of three directors (Mudunuri, Tirokuvalluri, and Alava), approval of expanded borrowing powers under Section 180(1)(c), approval to sell/lease/mortgage the company's undertaking under Section 180(1)(a), and an increase in authorized share capital with a corresponding amendment to the Memorandum of Association. Opposition was minimal at just 21,000 shares (0.49%) across all resolutions.
Shareholders should note the approved increase in authorized share capital and broader borrowing powers, which give the board flexibility to raise more debt or issue more shares in the future — this could lead to potential dilution or higher leverage. The approval to dispose of the company's undertaking is a significant corporate power that the board can now exercise without seeking another shareholder vote. Despite the near-unanimous results, very few shareholders actually voted, so these outcomes reflect only about 40% of the share base.