BSECompany Update1d ago · 19 Oct 2026, 04:55 pm
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Equity Shareholders of Hiliks Technologies Ltd ("Target Company").
Hiliks Technologies Ltd · 539697
✦ AI SummaryM&A
Hiliks Technologies Ltd has received a draft letter of offer from Navigant Corporate Advisors Ltd for the acquisition of up to 36,92,000 equity shares, representing 26.00% of the company's expanded equity and voting share capital, at a price of Rs. 72/- per share.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Hiliks Technologies Ltd - 539697 - Draft Letter of Offer
Attachments (1)
📄pdf
Download →
5CE12007-BE7C-4F72-84CF-159374C72FD3-165522.pdf
View document text
AA 4
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Sahar Plaza Complex,J B Nagar, Andheri-Kurla Road,
Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078
Email: navigant@navigantcorp.com; Website:www.navigantcorp.com (CIN: L67190MH2012PLC231304)
Date: 19.10.2026
The Manager
Dept. of Corporate Services
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai - 400 001
Sub: Submission of Draft Letter of Offer - Hiliks Technologies Limited (BSE Code: 539697)
Dear Sir,
With reference to the captioned Offer, we wish to inform you that the Draft Letter of Offer is being
submitted to SEBI, Mumbai. We are enclosing herewith a copy of the said Draft Letter of Offer for your
kind perusal. A copy of the same is also being submitted to Target Company.
Thanks & Regards,
For Navigant Corporate Advisors Limited
Sarthak Vijlani
Managing Director
DRAFT LETTER OF OFFER
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
This Draft Letter of Offer is sent to you as a Shareholder(s) of HILIKS TECHNOLOGIES LIMITED. If you require any clarifications about the
action to be taken, you may consult your stockbroker or investment consultant or Manager or Registrar to the Offer. In case you have
recently sold your Shares in the Company, please hand over this Draft Letter of Offer and the accompanying Form of Acceptance-cum-
acknowledgement and Transfer Deed to the Member of the Stock Exchange through whom the said sale was effected.
OPEN OFFER ("OFFER")
Pursuant to Regulations 3(1) and 4 and applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,
2011 and amendments thereto.
TO THE SHAREHOLDERS OF
HILIKS TECHNOLOGIES LIMITED
(Hereinafter referred as “HILIKS” or “the Target Company” or “TC” or “the Company”)
having the Registered Office at Flat No. 510, Aparna Greens, Nanakramguda Hyderabad-500032 Telangana;
Phone No.: +91- 7799169999; Email id: anubhavindustrial@gmail.com; Website: www.hiliks.com
M/s. Enact Technologies Private Limited having its registered office at Plot No. 25, 2nd Floor, Navodaya Colony, Road No. 2, Banjara Hills,
Hyderabad, Khairatabad, Telangana – 500034. Tel. No.: +91-9949389244; Email: enact2005@gmail.com; (hereinafter referred to as “the
Acquirer-1”), Penumatsa Venkata Raju S/o Mr. Penumatsa Sitarama Raju, aged about 66 years old, Resident Indian currently residing at
Flat No 101, Kranthi Ceon, Jayabheri Pine Valley, Gachibowli, Rangareddy, Telangana 500032; Tel. No.: +91-9848354450; Email:
venkatarajup@gmail.com (hereinafter referred to as “the Acquirer-2”) and Boyapati Venkata Lakshmi Narasimha Swamy S/o Govardhana
Rao Boyapati, 58 years old, Resident Indian currently residing at 7-2-1789, Flat No. 104, R. R. Hill Park, Bungalow No. 21, Czech Colony,
Sanath Nagar, Ameerpet, Hyderabad, Telangana - 500018, Tel. No.: +91- 6305363415; Email: swamy.b@aptivacorp.ae (hereinafter
referred to as “the Acquirer-3”).
(Acquirer-1, Acquirer-2 and Acquirer-3 being collectively referred to as “Acquirers)
ALONG WITH
Mr. Kalidindi Harshitha D/o Mr. K S Raju, aged about 25 years, residing at Door No 6-3-347/18/201, Model House Street, Near Saibaba
Temple, Dwarakapuri Colony, Khairatabad, Hyderabad, Telangana – 500082, Tel. No.: +91-8919445390; Email:
Harshitha.kalidindi@gmail.com; (hereinafter referred to as “the PAC-1”), Mr. Kalidindi Hemanth Varma S/o Mr. K S Raju, aged about 30
years, residing at Door No 6-3-347/18/201, Model House Street, Near Saibaba Temple, Dwarakapuri Colony, Khairatabad, Hyderabad,
Telangana – 500082, Tel. No.: +91-9618887793; Email: hemanthvarma43@gmail.com; (hereinafter referred to as “the PAC-2”), Mrs.
Kalidindi Sunitha W/o Mr. K S Raju, aged about 49 years, residing at Door No 6-3-347/18/201, Model House Street, Near Saibaba Temple,
Dwarakapuri Colony, Khairatabad, Hyderabad, Telangana – 500082, Tel. No.: +91-9912122328, Email: sunitha_kalidindi@yahoo.com;
(hereinafter referred to as “the PAC-3”)
(PAC-1, PAC-2 and PAC-3 hereinafter collectively referred to as “Person Acting in Concerts” / “PACs”)
TO ACQUIRE
Up to 36,92,000 equity shares of Rs. 10/- each representing 26.00% of the Expanded Equity and voting share capital of the Target Company
at a price of Rs. 72/- (Rupees Seventy-Two Only) per share.
Please Note
1. This Offer is being made pursuant to the Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations, 2011 and subsequent
amendments thereof for substantial acquisition of shares / voting rights accompanied with change in control.
2. This Offer is not conditional upon any minimum level of acceptance by the shareholders of the Target Company in terms of Regulation
19(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
3. As on date of this Draft Letter of Offer, no statutory approvals are required in relation to this Offer.
4. This offer is not a competing offer.
5. There has been no competing offer or revision of Offer Price as on the date of this Draft Letter of Offer.
6. Shareholders who have tendered shares in acceptance of the Open Offer by tendering the requisite documents, in terms of the Public
Announcement / Detailed Public Statement / Letter of Offer, shall not be entitled to withdraw such acceptance during the tendering
period.
7. The Procedure for acceptance is set out in Para 8 of this DLOF. A Form of Acceptance is enclosed with this DLOF.
8. If there is any upward revision in the Offer Price by the Acquirers at any time prior to commencement of the last one working day
before the commencement of the tendering period viz. Thursday, 26th November, 2026 you will be informed by way of another
Announcement in the same newspapers in which the detailed Public Statement pursuant to Public Announcement was published. The
Acquirers shall pay such revised price for all shares validly tendered any time during the Offer and accepted under the Offer.
9. In accordance with Regulation 22(3) of SEBI (SAST) Regulations, 2011, the Acquirers shall complete the acquisitions contracted under
Share Purchase agreement attracting the obligation to make an open offer not later than twenty-six weeks from the expiry of the offer
period provided that in the event of any extraordinary and supervening circumstances rendering it impossible to complete such acquisition
within such period, SEBI may for reasons to be published, may grant an extension of time by such period as it may deem fit in the interests
of investors in securities and the securities market.
10. Minimum lot size for offer is 1 equity share.
11. A copy of the Public Announcement, detailed Public Statement and the Draft Letter of Offer (including Form of Acceptance-cum-
Acknowledgement) would also available on SEBI’s Website: www.sebi.gov.in.
12. All correspondence relating to this offer, if any, should be addressed to the Manager to the Offer or Registrar to the Offer at the
address mentioned below:
MANAGER TO THE OFFER REGISTRAR TO THE OFFER
NAVIGANT CORPORATE ADVISORS LIMITED SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar, Andheri Kurla D-153 A, 1st Floor, Okhla Industrial Area,
Road, Andheri East, Mumbai-400 059, Maharashtra Phase-I, New Delhi-110020
Tel No. +91-22-4120 4837 / 4973 5078 Tel No.: 011-40450193-97
Email Id- navigant@navigantcorp.com E-mail Id: ipo@skylinerta.com
Investor Grievance Email: info@navigantcorp.com Investor Grievance Email: ipo@skylinerta.com
Website: www.navigantcorp.com Website: www.skylinerta.com
SEBI Registration Number: INM000012243 SEBI Registration Number: INR000003241
Contact Person: Mr. Sarthak Vijlani Contact Person: Mr. Anuj Kumar
OFFER OPENS ON: MONDAY, 30TH NOVEMBER, 2026 OFFER CLOSES ON: FRIDAY, 11TH DECEMBER, 2026
SCHEDULE OF THE MAJOR ACTIVITIES OF THE OFFER
Activity Date Day
Public Announcement 05.10.2026 Monday
Publication of Detailed Public Statement in newspapers 12.10.2026 Monday
Submission of Detailed Public Statement to BSE, MSEI Target Company
[Showing first 8,000 characters — download PDF for full document]