Announced Mon, 20 Jul · 18:35 IST
Postal Ballot Corrigendum: Rs 24.84 Cr Preferential Issue of Shares and Warrants
Fund Raising View source PDF
Price
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AI summary
Hiliks Technologies issued a corrigendum to its July 2, 2026 postal ballot notice seeking shareholder approval for a preferential issue of equity shares and convertible warrants worth around Rs 24.84 crores. Of this, Rs 22 crores is earmarked for working capital and Rs 2.84 crores for general corporate purposes. The corrigendum was issued after BSE and MSEI observation letters asked for more detail on use of proceeds. E-voting runs from July 3 to August 1, 2026.
Likely market impact
Shareholders will vote on a Rs 24.84 crore preferential share and warrant issue by August 1, 2026. Existing holders face potential dilution.