Hiliks Technologies Ltd

Resignation details

• Resigning director: Nagavenkata Padma Bhaskar Vedanabhatla, Independent Director.
• Effective date: Closure of business hours on 21 August 2026.
• Reason: resignation from the designation of Independent Director.
• Confirmed there are no material reasons beyond those stated in the resignation letter.
• Ceased to be Audit Committee member.
• Ceased to be Chairman of Nomination and Remuneration Committee and Stakeholders Relationship Committee.
• Nil disclosed for other listed entities where the resigning director holds directorships or committee memberships.
• Consequence: Audit Committee seat and two committee chair roles vacated.

Board changes

• Change: Re-appointment of Sandeep Copparapu as Whole-Time Director to continue in the role.
• Effective: 21 August 2027, for a 3-year term to 20 August 2030.
• Profile: 36-year-old MBA Marketing; 9+ years in manpower consultancy and ITES.
• Not related to any other director; no relationships disclosed.
• Not debarred by SEBI or other authorities.
• Change: Resignation of Nagavenkata Padma Bhaskar Vedanabhatla from Independent Director.
• Effective: 21 August 2026, close of business hours.
• Ceased as Audit Committee member.
• Ceased as Chair of Nomination and Remuneration Committee and Stakeholders Relationship Committee.
• Resignation letter cites no material reasons beyond those stated.

Appointments / Resignations

• Re-appoint Mr. Sandeep Copparapu as Whole-Time Director from 21 Aug 2027, subject to shareholder approval.
• Resignation of Independent Director Nagavenkata Padma Bhaskar Vedanabhatla effective 21 Aug 2026 close of business hours.

Overview

• Unaudited standalone and consolidated Q1 FY27 results submitted for quarter ended 30 June 2026.
• Limited Review Reports issued for both standalone and consolidated results.
• Board approved the results; review concluded with unmodified opinion.

Subsidiaries & consolidation

• Two subsidiaries: Hiliks Greens Private Limited and Hiliks Technologies Inc (USA).
• No revenue transactions in subsidiaries during the quarter; only advances were given.
• Consolidated results include these subsidiaries; not material to the Group per auditors.

Regulatory disclosures

• Non-applicability of Regulation 32 of SEBI LODR; no statement of deviation required.

Accounting & notes

• Results prepared in accordance with Indian Accounting Standards (Ind AS) and the Companies Act 2013.

Financial results

• Board approved unaudited standalone and consolidated financial results for quarter ended 30 June 2026, with Limited Review Report.

Meeting Details

• Board meeting on August 14, 2026 at 12:00 Noon via VC/OAVM.

Key Agenda Items

• Unaudited standalone and consolidated Q1 results (quarter ended June 30, 2026) to be considered.

Other Notes

• No trading window closure period disclosed.

Corrigendum amendments

• Updates objects of the proposed preferential issue.
• Proposed action: preferential issue of equity shares and convertible warrants.
• Total issue proceeds: Rs 24.84 crore; warrants conversion assumed.
• Utilisation: 22.00 cr for working capital; 2.84 cr for general corporate.
• General corporate use cap: not more than 25% of gross proceeds.
• Proceeds to be received in tranches within 18 months from warrant allotment.
• Objects deviation allowed +/- 10% under BSE circular; subject to applicable law.
• PCS certificate for the preferential issue hosted on company website.
• E-voting window: 3 July 2026 to 1 August 2026.