Hypersoft Technologies Limited shareholders approved the reclassification of Mr. Sudhakara Varma Yarramraju from the 'Promoter' category to the 'Public' category during the 43rd Annual General Meeting held on September 28, 2026. The change is effective immediately and will be reflected in future shareholding filings.

Key resolutions approved

The Board proposed several items for shareholder approval, which were passed during the proceedings. The primary agenda included the adoption of financial statements, a director reappointment, and the significant change in promoter classification.

• Adoption of Audited Standalone and Consolidated Financial Statements for FY26, along with Board and Auditor reports.
• Reappointment of Mrs. Naga Malleswari Narra as Director, retiring by rotation.
• Reclassification of Mr. Sudhakara Varma Yarramraju from the 'Promoter' category to the 'Public' category under Regulation 31A of SEBI (LODR) Regulations 2015.

Voting results

The scrutinizer, Mr. Surya Prakash Perumalla of M/s SPP & Associates, reported that all resolutions were passed with the requisite majority. The combined results from remote e-voting and e-voting during the AGM are detailed below:

Regulatory compliance and effective date

Pursuant to Regulation 30 read with Regulation 31A(8) of the Listing Regulations, the company informed BSE Limited that the reclassification was approved by way of an Ordinary Resolution. This follows the receipt of a No Objection Letter from BSE Limited dated August 10, 2026 (Ref. No. LIST/COMP/SJ/169/2026-27).

Accordingly, Mr. Sudhakara Varma Yarramraju stands reclassified from the 'Promoter' category to the 'Public' category with effect from September 28, 2026. The Company Secretary confirmed that this status change will be reflected in the shareholding pattern filed with stock exchanges hereafter.

Meeting proceedings and attendance

The meeting commenced at 5:30 pm and concluded at 6:00 pm via Video Conferencing / Other Audio-Visual Means. Mr. Narra Purna Babu, Managing Director and Chairman, welcomed members and confirmed the presence of requisite quorum. The Company Secretary informed attendees that remote e-voting facilities were provided by Central Depository Services (India) Limited (CDSL) in compliance with Section 108 of the Companies Act, 2013.

Directors and key managerial personnel present

The Statutory Auditors, M/s. Anant Rao & Mallik, Chartered Accountants, were present at the meeting. Surya Prakash Perumalla, Proprietor of M/s SPP & Associates Company Secretaries, served as the Secretarial Auditor and Scrutinizer for the e-voting process.

Disclosure and voting process

Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, the company disclosed the summary of proceedings to BSE Limited. The notice, annual report, and accounts were taken as read, having been sent electronically to registered members. The Chairman addressed queries raised by shareholders regarding business prospects and company developments before the voting results were finalized.

The scrutinizer submitted the report on voting on September 29, 2026. This report has been notified to stock exchanges and uploaded on the company's website.

Hypersoft Technologies Limited announced its strategic entry into the Artificial Intelligence domain on September 28, 2026. The company unveiled a proprietary AI platform designed to integrate Data Science capabilities with Enterprise Resource Planning efficiency for global clients.

This initiative marks a significant diversification step for the Hyderabad-based enterprise IT solutions provider. By moving beyond services-led delivery toward building durable, platform-based intellectual property, Hypersoft aims to scale its offerings across geographies and industries. The company stated that this move aligns with its broader strategy of investing in GovTech, FinTech, and AI/ML frameworks.

Global collaboration model

The development of the new AI platform involves close collaboration with technology partners and domain experts based in the United States, Singapore, and India. These regions represent markets where Hypersoft already maintains an operating presence and established client relationships. The collaborative approach is intended to combine global technology depth with local market understanding, ensuring the platform meets enterprise-grade standards while addressing specific regulatory and operational requirements in each geography.

Target sectors and functionality

The platform is conceived as a single, unified environment targeting high-value verticals including Finance, Pharmaceuticals, and Strategy Consulting. It aims to support functions such as data-driven financial analysis, regulatory-aware workflows for pharma enterprises, and decision-support tools for consulting engagements. All these functions are delivered through a common, ERP-integrated architecture designed for accuracy and scale.

Narra Purna Babu, Managing Director, described the initiative as a meaningful new growth engine for the company. He emphasized that the platform is being developed with discipline and governance, aiming to transform how clients operate and grow.

Strategic implications

The launch signifies a shift from traditional software development services to product-led growth. Hypersoft has been listed on the Bombay Stock Exchange since its incorporation in 1983, with a legacy in Client/Server software development and turnkey database solutions. The company’s international office infrastructure spans Singapore, India, and the United States, supporting its inorganic growth strategy alongside deep partnerships in emerging tech frameworks.

Shareholders were assured that governance, compliance, and prudent capital management remain central to this new initiative. The company positioned this diversification as a considered step to widen and strengthen its revenue base rather than a departure from its disciplined operational approach.