Proceedings of 40th Annual General Meeting held on 30th September, 2025
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Hiliks Technologies held its 40th AGM on 30th September 2025 via video conferencing, which concluded in about 14 minutes. Eight resolutions were transacted, including adoption of audited financial statements for FY 2024-25, re-appointment of Sandeep Copparapu (Whole-Time Director) who retires by rotation, regularization of three directors (one Non-Executive Non-Independent, one Non-Executive, and one Independent). The Chairman highlighted progress in the E-Mahabhoomi project, ahead-of-schedule execution in the Railways Division, and the formation of U.S. and Green Energy subsidiaries signalling expansion into AI and sustainable technologies. Members also approved an increase in borrowing powers under Section 180(1)(c), authority to sell/lease/mortgage the company's undertaking under Section 180(1)(a), and an increase in authorised share capital with consequent amendment to the MOA.
The AGM is largely procedural but signals potential expansion plans and fundraising capacity, as shareholders approved higher borrowing limits, disposal of undertaking, and an authorised share capital increase. The mention of new U.S. and Green Energy subsidiaries and AI focus may be viewed as a growth pivot by investors.