Happiest Minds Technologies has recommended a final dividend of ₹3.65 per equity share for the financial year ended March 31, 2026. The dividend, subject to shareholder approval at the upcoming Annual General Meeting, represents a payout of 182.5% on the face value of ₹2 per share. The company has fixed Friday, July 17, 2026, as the record date to determine member eligibility for the payout.

The Board of Directors approved the recommendation at its meeting held on May 28, 2026. If approved by shareholders, the payment will be made on or after August 04, 2026. The company stated that dividend income is taxable in the hands of members under the Income-tax Act, 2025, and tax at source (TDS) will be deducted at applicable rates.

The 15th Annual General Meeting (AGM) is scheduled for Tuesday, July 28, 2026, at 4:00 P.M. IST via video conference. The meeting will be conducted without physical presence at a common venue, in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Register of Members and Transfer Book will remain closed from July 18, 2026, to July 28, 2026, for the purpose of the AGM and dividend determination.

Shareholders can participate in remote e-voting from Saturday, July 25, 2026, at 09:00 a.m. IST to Monday, July 27, 2026, at 05:00 p.m. IST. The cut-off date for reckoning entitlement to e-vote and attend the AGM is July 22, 2026. M/s. KFin Technologies Limited is the Registrar and Transfer Agent facilitating the e-voting and virtual meeting process.

Happiest Minds Technologies Ltd has communicated to its shareholders regarding the tax deduction at source (TDS) on dividend income, effective under the provisions of the Income Tax Act, 2025. This disclosure is significant for shareholders as it clarifies the tax implications on their dividend earnings and the compliance mechanism adopted by the company.

The company dispatched an email communication on July 03, 2026, to all shareholders holding registered email addresses with the company or depositories. This communication included a link to a detailed note titled 'HappiestMinds TDS-Note.pdf', which outlines the process of withholding tax from dividends paid at the prescribed rates.

The detailed note provided to shareholders contains necessary annexures and explains the specific procedures for tax deduction. This initiative ensures that investors are aware of the regulatory requirements and the impact on their dividend receipts.

Key Details of the Communication

The communication was signed by Praveen Kumar Darshankar, Company Secretary & Compliance Officer of Happiest Minds Technologies Limited. The intimation was submitted to both BSE Limited and National Stock Exchange of India Limited to ensure broad dissemination and regulatory compliance.