The Board of Directors in their meeting held on 10th December, 2025 considered and approved allotment of 7,50,000 equity shares pursuant to conversion of warrants to the persons belonging ....
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The Board of Directors of Hiliks Technologies approved the conversion of 7,50,000 warrants into equal number of equity shares on December 10, 2025. The shares were allotted to two non-promoter allottees — Enact Technologies Private Limited (4,50,000 shares) and Praveen Potturi (3,00,000 shares) — at Rs. 37 per share (including a premium of Rs. 27). The company received Rs. 2.08 crore, being the balance 75% of the issue price payable on conversion. After this allotment, the paid-up equity share capital stands increased to Rs. 10.75 crore, comprising 1,07,50,000 equity shares of Rs. 10 each. Enact Technologies' stake rises from 16.59% to 19.62%, while Praveen Potturi's stake moves from 0.80% to 3.53%. About 50,000 warrants from the original June 2024 tranche are still pending conversion.
This is a routine warrant-to-equity conversion that increases the share count (dilution) but brings in cash that was already committed earlier. No fresh capital is being raised. Existing shareholders may see a marginal increase in total shares outstanding, with non-promoter entities raising their stakes in the company.