Hiliks Technologies Ltd — Important, 12-02-2026: Company Update

HILIKS Technologies announced that a warrant holder, Enact Technologies Private Limited, did not convert 50,000 convertible warrants into shares. These warrants were initially allotted at Rs. 37 each, with 25% of the issue price paid upfront. As the conversion option was not exercised within the 18-month deadline, the upfront payment received by the company for these 50,000 warrants is now forfeited. This development means the company retains the initial funds and will not issue new shares for these specific warrants, preventing their dilution effect.