BSECompany Update6 Oct 2026 · 6 Oct 2026, 04:22 pm
Pursuant to Regulation 30 of the SEBI(LODR) Regulations, 2015 read with Clause 5A of Para A of Part A of Schedule III thereof, we wish to inform you that the promoters of Hiliks Technologies Limited, have entered into a Share Purchase Agreement on 05th October, 2026 ("SPA"). It is important to note that the company is not a party to the SPA. The requisite details of SPA is attched herwith as Annexure-"A"
Hiliks Technologies Ltd · 539697
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Hiliks Technologies Ltd has announced that its promoter, Extros Developers Private Limited, has entered into a Share Purchase Agreement with Enact Technologies Private Limited and two individuals to sell 5,00,000 equity shares, representing 3.52% of the company's expanded equity and voting share capital, at Rs. 72 per share for a total consideration of Rs. 3,60,00,000. The transaction is subject to certain conditions and the acquirers are required to make an open offer to public shareholders.
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Hiliks Technologies Ltd - 539697 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (''LODR Regulations'') Read With Clause 5A Of Para A Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015
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HILIKS TECHNOLOGIES LIMITED
Date: 06-10-2026
To, To,
The Manager, Metropolitan Stock Exchange of India Ltd.
Listing Department, (Formerly known as “MCX Stock Exchange Limited”)
BSE Limited, Building A, Unit 205A, 2nd Floor,
Phiroze Jeejeebhoy Towers, Piramal Agastya Corporate Park, L.B.S Road,
Dalal Street, Mumbai – 400 001 Kurla West, Mumbai - 400 070
BSE Scrip Code: 539697
MSEI Scrip Code: HILIKS
Sir/Madam,
Sub: Disclosure under Regulation 30 and 30A read with Clause 5 and 5A of para-A of Part A of Schedule III of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI
LODR Regulations”) read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,
2026 by Hiliks Technologies Limited (“Company”)
Pursuant to the provisions of Regulation 30 and 30A read with Clause 5 and 5A of para-A of Part A of Schedule III of the SEBI
LODR Regulations, we wish to inform you that the Company has received an intimation that:
M/s. Extros Developers Private Limited (formerly known as Pacheli Developers Private Limited) (Promoter) (“Seller”), holding
5,00,000 Equity Shares constituting 3.52% of the Expanded Equity and Voting Share capital of the Company, has executed a
Share Purchase Agreement (“SPA”) dated 05th October, 2026 with M/s. Enact Technologies Private Limited (“Acquirer 1”), Mr.
Penumatsa Venkata Raju (“Acquirer 2”) and Mr. Venkata Lakshmi Narasimha Swamy Boyapati (“Acquirer 3”) (collectively the
“Acquirers”), for the sale of an aggregate of 5,00,000 fully paid-up equity shares of face value of Rs. 10/- each, constituting
3.52% of the Expanded Equity and Voting Share capital, at a price of Rs. 72/- per equity share, aggregating to a total
consideration of Rs. 3,60,00,000/- (Rupees Three Crores Sixty Lakhs Only) (“Proposed Transaction”), along with the transfer
of control and management of the Company.
The Proposed Transaction is subject to certain conditions as set out in the SPA. Further, pursuant to execution of the SPA, the
Acquirers are required to make an Open Offer to the public shareholders of the Company in terms of the applicable
provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The disclosures in accordance with SEBI LODR Regulations read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, are attached hereto as “Annexure A”.
Kindly take the above information on record.
Yours sincerely,
For Hiliks Technologies Limited
Sandeep Copparapu
(Whole Time Director)
DIN: 08306534
HILIKS TECHNOLOGIES LIMITED
CIN: L72100TS1985PLC210702
Regd. Off.: Flat No. 510, Aparna Greens, Nanakramguda Hyderabad-500032 Telangana
Contact No. +91 7799169999.
Website: http://hiliks.com// Email ID: anubhavindustrial@gmail.com
HILIKS TECHNOLOGIES LIMITED
ANNEXURE – A
(Disclosure under Regulation 30 and 30A read with Clause 5 and 5A of para-A of Part A of Schedule III of the SEBI LODR
Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 by
Hiliks Technologies Limited)
Sr. Particulars Description
1. If the listed entity is a party to the agreement: No, the listed entity, i.e., the Company is not a party to the SPA.
details of counterparties (including name and
relationship with the listed entity);
2. If listed entity is not a party to the agreement, The Share Purchase Agreement (“SPA”) dated 05th October, 2026
name of the party entering into such an was entered into by and between the following parties:
agreement and the relationship with the listed M/s. Extros Developers Private Limited (formerly known as Pacheli
entity; details of the counterparties to the Developers Private Limited) (Promoter) (“Seller”), holding 5,00,000
agreement (including name and relationship equity shares constituting 3.52% of Expanded Equity and Voting
with the listed entity); date of entering into the Share capital, which, as stated in the SPA, is the total shareholding
agreement. of the Promoter of the Company;
M/s. Enact Technologies Private Limited (“Acquirer 1”), Mr.
Penumatsa Venkata Raju (“Acquirer 2”) and Mr. Venkata Lakshmi
Narasimha Swamy Boyapati (“Acquirer 3”), collectively the
“Acquirers”, who are not related to the existing Promoter/Promoter
Group of the Company;
for the sale of an aggregate of 5,00,000 fully paid-up equity shares
of face value of Rs. 10/- each, constituting 3.52% of Expanded Equity
and Voting Share capital, at a price of Rs. 72/- per equity share,
aggregating to Rs. 3,60,00,000/- (Rupees Three Crores Sixty Lakhs
Only), along with control of the Company (“Proposed Transaction”).
The Acquirers are acquiring 1,00,000, 1,50,000 and 2,50,000 equity
shares respectively (Acquirer 1, Acquirer 2 and Acquirer 3).
3. Purpose of entering into the agreement To sell 5,00,000 (Five Lakh) equity shares held by the Seller, being
the total shareholding of the Promoter and representing 3.52% of
Expanded Equity and Voting Share capital of the Company, together
with control of the Company, to the Acquirers, pursuant to the SPA.
4. Shareholding, if any, in the entity with whom Not Applicable
the agreement is executed
5. Significant terms of the agreement (in brief) – The SPA provides for the sale of the above 5,00,000 equity shares
special rights like right to appoint directors, (“Sale Shares”) along with control of the Company at Rs. 72/- per
subscription in case of issuance of Shares, right share, for a total consideration of Rs. 3,60,00,000/-, payable by the
to restrict any change in capital structure etc. Acquirers as follows: (i) Rs. 36,00,000/- on signing of the SPA; and
(ii) the balance Rs. 3,24,00,000/- within 15 working days of the post-
Effective Date / Transfer Date, as applicable.
The sale and purchase are subject to compliance with the SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
(“Takeover Regulations”). The Sale Shares shall be transferred in
HILIKS TECHNOLOGIES LIMITED
CIN: L72100TS1985PLC210702
Regd. Off.: Flat No. 510, Aparna Greens, Nanakramguda Hyderabad-500032 Telangana
Contact No. +91 7799169999.
Website: http://hiliks.com// Email ID: anubhavindustrial@gmail.com
HILIKS TECHNOLOGIES LIMITED
Sr. Particulars Description
demat form after the Effective Date (22nd working day from the date
of the Detailed Public Statement), subject to the Acquirers
depositing 100% of the open offer consideration in escrow in
accordance with Regulation 22(2) of the Takeover Regulations;
otherwise, the Sale Shares shall be transferred after the Transfer
Date (the next business day following the later of 120 days from
execution of the SPA or completion of the requirements of the
Takeover Regulations). If the Company does not comply with the
Takeover Regulations, the SPA shall not be acted upon by either
party.
Upon completion of transfer of the Sale Shares, the Seller and its
nominees shall resign from the Board of Directors of the Company
and the Acquirers shall, either themselves or through their
nominees, be appointed to the Board within 15 working days from
such transfer. The SPA does not confer on the Acquirers any special
right to subscribe to a further issue of shares/securities or any pre-
emptive right.
The SPA contains representations, warranties, covenants and
indemnities by the Seller and the Acquirers. It is irrevocable and
may be terminated only by mutual written consent of all parties, or
where SEBI or any other government authority so directs. Post
change in management, the Seller shall apply for reclassification
from the promoter category to the public category in accordance
with Regulation 31A of the SEBI (LODR) Regulations, 2015. The SPA
is governed by the laws of India, with arbitration seated in
Hyderabad and the courts at Hyderabad having exclusive
jurisdiction.
6. Extent and the nature of impact on Upon completion of the transfer of the Sale Shares as contemplated
man
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