Hiliks Technologies Ltd

Hiliks Technologies Limited — Trading window closed from October 1, 2026 till end of 48 hours after the conclusion of Board Meeting to approve Unaudited Financial Results for quarter and half year ended September 30, 2026.

AGM Details

• AGM date 25 September 2026; time 1:00 PM; mode VC/OAVM.
• Total on record date: 2,427.

Resolutions put to vote

• Agenda 1 (Ord): Adoption of Audited financial statements for year ended 31 March 2026.
• Agenda 2 (Ord): Reappointment by rotation of Veera Venkata Ramana Varma Mudunuri.
• Agenda 3 (Ord): Reappointment by rotation of Srivalli Tirokuvalluri.
• Agenda 4 (Special): Re-appointment of Sandeep Copparapu as Whole-Time Director.
• Agenda 5 (Ord): Appointment of Secretarial Auditor M/s Jain Alok & Associates for 5 years.

Voting Results

• Agenda 1 passed; 4,650,567 in favour, 5 against.
• Agenda 2 passed; 4,150,566 in favour, 6 against.
• Agenda 3 passed; 4,650,567 in favour, 5 against.
• Agenda 4 passed; 4,650,566 in favour, 6 against.
• Agenda 5 passed; 4,650,567 in favour, 5 against.

Dividend

• No dividend proposed or approved.

Director Changes

• Agendas 2 & 3: Reappointments by rotation.
• Agenda 4: Re-appointment of Sandeep Copparapu as Whole-Time Director.

Auditors

• Secretarial Auditor appointed: M/s Jain Alok & Associates for 5 years.

Material Related Party Transactions

• No material related party transactions disclosed.

Other material approvals

• No other material approvals reported.

AGM details

• AGM held on 25 September 2026 at 01:00 p.m. via VC/OAVM.
• Meeting concluded at 01:22 p.m.; remote voting window 22–24 Sept; post-meeting e-voting for 15 minutes.

Key resolutions

• Adoption of audited standalone and consolidated financial statements for FY2025-26 (Ordinary).
• Appointment by rotation of Veera Venkata Ramana Varma Mudunuri as Director.
• Appointment by rotation of Srivalli Tirokuvalluri as Director.
• Re-appointment of Sandeep Copparapu as Whole-Time Director (Special).
• Appointment of M/s Jain Alok & Associates as Secretarial Auditor for 5 years.

Voting results

• Adoption of financial statements: voting results not disclosed.
• Mudunuri: voting results not disclosed.
• Srivalli: voting results not disclosed.
• Copparapu WTD: voting results not disclosed.
• Jain Alok: voting results not disclosed.

Directors & management

• Directors retiring by rotation offered for re-appointment: Mudunuri and Srivalli Tirokuvalluri.

Auditors

• Secretarial Auditor appointed: M/s Jain Alok & Associates for 5 years.

Proposed sale of 4.65% stake

• On 17.09.2026, LOI exchanged for sale of 500,000 Hiliks shares (4.65%).
• Seller: Extros Developers Private Limited; Acquirers: Enact Technologies Private Limited and two individuals.
• Nature: non-binding LOI; final terms subject to due diligence and definitive documentation.
• Consideration: cash; price to be negotiated after due diligence.
• Shareholding: up to 500,000 shares, about 4.65% of paid-up capital.
• Regulatory: subject to due diligence, execution of definitive documents, and compliance with SEBI SAST regulations.
• Timeframe: completion period to be determined post-due diligence.
• Related party status: as of intimation, seller and acquirers are not classified as related parties.
• No change in control or management is disclosed at this stage.

AGM notice & AR access

• 41st AGM to be held on 25 September 2026 at 1:00 PM via VC/OAVM.
• Annual Report for FY2025-26 and AGM Notice accessible via web-link and QR code for non-email members.
• Cut-off date to determine e-voting entitlement: 18 September 2026.
• Remote e-voting starts 22 September 2026 and ends 24 September 2026.
• Members without registered emails urged to update with their DP to receive notices.

Financial highlights

• Standalone revenue from operations ₹29.59 crore; up 324% YoY.
• Standalone PAT ₹0.84 crore; up 81% YoY.
• Net worth ₹26.65 crore; up 30% YoY.
• Paid-up share capital ₹10.75 crore; capital base strengthened.
• Debt-free at year-end; no borrowings outstanding.
• Basic/diluted EPS ₹0.78 (Standalone).
• Dividend declared for FY2025-26: none.
• Cash and cash equivalents ₹74.55 lakh at year-end.

Business mix & growth drivers

• Railway S&T revenue ₹21.89 crore; 74% of FY26 revenue.
• Technology services ₹7.70 crore; 26% of FY26 revenue.
• Railone project is the largest revenue contributor.
• Kavach rollout and asset-management work expand opportunities.
• Post-year-end signalling order ₹37.75 crore strengthens pipeline.

Capital structure & shareholding

• Paid-up capital ₹10.75 crore; increased via preferential allotment of 19.30 lakh shares.
• Authorised capital increased to ₹20 crore in FY2025-26.
• Dematerialised shares 97.96% as of 31-03-2026.
• Top holders: Extros Developers 4.65%; Enact Technologies 19.62%.
• Warrants converted: 19.30 lakh converted; 50,000 forfeited; upfront funds moved to Capital Reserve.

Governance & risk

• Board of 5 directors; CFO appointed 29-04-2025; two new directors Aug 11, 2025; regularized 30-09-2025.
• Secretarial Auditor: M/s Jain Alok & Associates; remuneration ₹75,000/year for 5 years.
• Corporate Governance applicable from 10-12-2025; Annexure IV included.
• Board evaluations and independent director declarations in place.

Subsidiaries & corporate structure

• Subsidiaries: Hiliks Greens Pvt Ltd (IoT energy), Hiliks Technologies Inc. (US).
• Hiliks Greens to commence operations; Hiliks Technologies Inc. yet to commence.
• No material subsidiary; Annexure-II provides salient subsidiary notes.

Audits & compliance

• Statutory auditors: M/s A S K M & Co; unmodified audit opinion.
• Internal controls: adequate; internal audit by Rangana Siva & Associates.
• CEO/CFO certification on financial reporting and internal controls.
• Secretarial compliance: certificate of corporate governance obtained.

Key dates

• Security: Equity shares.
• Book Closure: 19 September 2026 to 25 September 2026 (inclusive).
• AGM date: 25 September 2026, 01:00 PM.
• Cut-off for e-voting: 18 September 2026.
• E-voting period: 22 September 2026 09:00 AM to 24 September 2026 05:00 PM.
• Mode: VC/OAVM.

AGM Details

• AGM date/time: 25 September 2026 at 01:00 PM.
• Mode: VC/OAVM.
• Record/Book closure: 19 to 25 September 2026.
• Cut-off for e-voting: 18 September 2026.
• Remote e-voting window: 22–24 September 2026.

Ordinary Business

• Adopt Audited standalone and Consolidated Financial Statements for year ended March 31, 2026.
• Re-appointment of Veera Venkata Ramana Varma Mudunuri on rotation.
• Re-appointment of Mrs. Srivalli Tirokuvalluri on rotation.

Special Business

• Re-appointment of Sandeep Copparapu as Whole-Time Director for 3 years.
• Term: 21 Aug 2027 to 20 Aug 2030.
• Remuneration per Schedule V.
• Appointment of M/s Jain Alok & Associates as Secretarial Auditor for 5 years at Rs 75,000 per annum.