Happiest Minds Technologies Limited , a digital transformation company, has received a significant regulatory green light for its corporate restructuring plans. The National Company Law Tribunal (NCLT), Bengaluru Bench, has approved the merger of the company's wholly-owned subsidiary, Happiest Minds Edutech Private Limited, with its parent entity.

Key Details of the Merger Approval

• Approval Date: The NCLT granted approval for the scheme of amalgamation on September 22, 2025.
• Appointed Date: The merger is set to take effect from April 18, 2024.
• Order Receipt: Happiest Minds Technologies received the certified true copy of the order on September 26, 2025.

Regulatory Compliance and Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Happiest Minds Technologies promptly informed the stock exchanges about this development. The company's disclosure highlights the following points:

• The merger falls under the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
• The scheme involves the amalgamation of Happiest Minds Edutech Private Limited (Transferor Company) with Happiest Minds Technologies Limited (Transferee Company).
• The merger also encompasses the respective shareholders and creditors of both entities.

Background of the Merger Process

The approval marks a significant milestone in a process that has been ongoing for several months. Happiest Minds Technologies had previously made disclosures related to this merger on:

• April 01, 2025
• March 29, 2025
• October 17, 2024

These earlier disclosures indicate that the company has been diligently pursuing this corporate action, keeping stakeholders informed at various stages of the process.

Implications and Next Steps

While the specific strategic rationale for the merger was not detailed in the disclosure, such consolidations typically aim to streamline operations, reduce administrative overheads, and potentially unlock synergies between the parent company and its subsidiary.

Shareholders and market observers will likely be keen to see how this merger impacts Happiest Minds Technologies' operational efficiency and financial performance in the coming quarters. The company may provide further updates on the integration process and any expected benefits as they materialize.

As the merger progresses, stakeholders should stay tuned for any additional announcements from Happiest Minds Technologies regarding the completion of legal formalities and the practical implementation of the merger.

Happiest Minds Technologies , a leading AI-led digital engineering and Mindful IT company, has announced that the recent increase in H-1B visa fees will have a negligible impact on its business operations and outlook. The company's unique strategy and offshore-centric model have positioned it favorably amidst changing visa regulations.

Minimal H-1B Visa Dependency

Joseph Anantharaju, Co-Chairman & CEO of Happiest Minds, revealed that the company had only 4 employees travel to the U.S. on H-1B visas in 2024 and 2 in 2025. This limited reliance on H-1B visas aligns with the company's strategy of maintaining a larger offshore footprint while reducing visa dependencies.

Anantharaju highlighted what he calls the company's 'H-1B Outlier Advantage,' stating, "This is in line with our strategy to have a larger offshore footprint while reducing our visa dependencies. I would like to call this our 'H-1B Outlier Advantage', which sets us apart in the industry."

Offshore-Centric Delivery Model

Venkatraman Narayanan, Managing Director of Happiest Minds, provided insights into the company's operational structure:

• 94% of the workforce is based in India
• Nearly 95% of revenues are generated outside U.S. onsite operations
• The company has built a robust offshore-centric delivery model over 14 years

Narayanan emphasized, "This strategic focus not only drives cost efficiencies but also enables us to consistently deliver high-quality digital solutions to our clients worldwide. Our offshore centricity is a key differentiator."

Business Outlook

The company expects the proposed visa fee increase to have a negligible impact on its business. Narayanan stated that future utilization of H-1B visas will be guided purely based on the need for expertise and economics.

Company Profile

Happiest Minds Technologies Limited is an AI-led customer-first digital engineering and Mindful IT company. With a focus on innovation and excellence, the company offers solutions across various sectors including Banking, Financial Services & Insurance (BFSI), EdTech, Healthcare & Life Sciences, Hi-Tech, Media & Entertainment, Industrial, Manufacturing, Energy & Utilities, and Retail, CPG & Logistics.

As of June 2025, Happiest Minds reported:

The company remains committed to its vision of "Happiest People . Happiest Customers" and continues to drive innovation in the IT services sector.

Upcoming Financial Results

Investors should note that the company has announced the closure of its trading window for designated persons and their immediate relatives from October 1, 2025, until 48 hours after the declaration of financial results for the quarter ending September 30, 2025. This closure is in compliance with SEBI regulations and the company's Code on Prohibition of Insider Trading.

Happiest Minds Technologies continues to navigate the evolving landscape of global IT services with a strategic approach that emphasizes offshore capabilities and reduced dependency on visa programs.