The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Enact Technologies Pvt Ltd
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Enact Technologies Private Limited, which is NOT part of the promoter/promoter group, has increased its stake in Hiliks Technologies Limited from 13.15% to 17.80% (10.73% to 15.36% on a diluted basis). The acquisition of 5,00,000 equity shares happened on 1st September 2025 through allotment of equity shares pursuant to conversion of warrants. After the acquisition, Enact holds 16,59,408 shares directly, plus 5,00,000 warrants (total 19.99% on a fully diluted basis). The target company's equity share capital increased from Rs. 8.82 crore to Rs. 9.32 crore, consistent with the warrant conversion. The acquirer's combined holding (shares + warrants) is now just 5 percentage points away from the SEBI takeover trigger threshold of 25%.
Non-promoter Enact Technologies is steadily building a meaningful stake in Hiliks Technologies through warrant conversions and is now approaching the 25% open-offer trigger threshold. Retail investors should watch for further acquisitions, as crossing 25% would require a mandatory open offer to all shareholders.