Hypersoft Technologies seeks BSE nod to reclassify promoter

Hypersoft Technologies Limited has submitted an application to BSE Limited seeking no objection for the reclassification of a promoter to the public category. The application, dated June 05, 2026, follows a request from Sudhakara Varma Yarramraju and subsequent approval from the Board of Directors on June 1, 2026. The reclassification is subject to requisite approvals from BSE and other regulatory bodies under applicable laws.

The proposed change impacts the shareholding structure of the company. Sudhakara Varma Yarramraju currently holds 981155 shares, which accounts for 1.16% of the total shareholding. The reclassification process is being pursued in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Reclassification

The table below outlines the specific details of the promoter seeking reclassification:

Sl. No.	Name of promoter seeking reclassification	No. of shares	% of holding
1	Sudhakara Varma Yarramraju (Promoter)	981155	1.16

The company had previously intimated BSE regarding the receipt of the reclassification request on May 22, 2026. The Board of Directors approved the proposal during its meeting on June 1, 2026. The final implementation of this reclassification is contingent upon receiving the necessary no objection from BSE and any other required permissions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	+29.41%	+48.74%	+156.91%	+841.14%	+4,700.24%

hypersoft technologies has intimated that it has received a request for the reclassification of a shareholder from the 'Promoter' to the 'Public' category. The request was submitted by Mr. Sudhakara Varma Yarramraju, a promoter of the company, in a letter dated May 22, 2026. This disclosure is made in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The shareholder currently holds 9,81,155 equity shares, which constitute 1.16% of the paid-up equity share capital of the company. In his request, Mr. Yarramraju confirmed that he meets the conditions prescribed under Regulation 31A(3)(b) of the SEBI LODR Regulations for such reclassification.

Compliance with Regulatory Conditions

To facilitate the reclassification, the shareholder has certified compliance with several key regulatory requirements. These conditions are necessary to move from the promoter to the public category.

Condition	Status	Requirement
Voting Rights	Compliant	Do not hold more than 10% of total voting rights
Control	Compliant	Do not exercise control over company affairs
Special Rights	Compliant	No special rights via formal or informal arrangements
Board Representation	Compliant	Not represented on the Board of Directors
Key Managerial Role	Compliant	Do not act as a key managerial person
Default Status	Compliant	Not a wilful defaulter per RBI guidelines
Economic Offender	Compliant	Not a fugitive economic offender

Mr. Yarramraju further confirmed that there is no pending regulatory action against him. He stated that he has no role to play in the affairs of the company, holds no special rights, and has no pecuniary or other interest in the company, directly or indirectly.

Future Obligations

The request includes an undertaking to continue complying with specific conditions of Regulation 31A(3) at all times following the reclassification. Additionally, the shareholder agreed to comply with conditions regarding board representation and key managerial personnel for a period of not less than three years from the date of reclassification. Failure to maintain these conditions would result in reclassification as a promoter of the company. The company has forwarded the request to the stock exchange for dissemination and further processing.