Hypersoft Technologies Limited has announced a substantial increase in its authorised share capital, following approval from the board of directors during a meeting held on February 02, 2026. The decision represents a strategic move to enhance the company's capital structure and operational flexibility.

Board Resolution Details

The board meeting, which commenced at 07:30 P.M. (IST) and concluded at 08:00 P.M. (IST), approved the increase in authorised share capital from Rs. 86,00,00,000 to Rs. 1,07,00,00,000. This expansion requires corresponding amendments to the Capital Clause of the company's Memorandum of Association.

Shareholder Approval Process

The proposed increase is subject to shareholder approval through a special resolution at an Extraordinary General Meeting. The board has scheduled this crucial meeting for Friday, February 27, 2026, to be conducted through Video Conferencing and Other Audio-Visual Means in compliance with regulatory guidelines.

Memorandum of Association Amendment

The capital structure modification necessitates amendments to Clause V of the company's Memorandum of Association. The existing clause, which defines the authorised share capital as "Rs. 86,00,00,000 divided into 8,60,00,000 Equity Shares of Face Value of Rs. 10 each," will be substituted with the new clause reflecting the increased capital of "Rs. 1,07,00,00,000 divided into 10,70,00,000 Equity Shares of Face Value of Rs. 10 each."

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided requisite details as per the SEBI Master Circular dated January 30, 2026, ensuring full transparency and regulatory compliance.

Next Steps

Upon receiving shareholder approval at the February 27, 2026 EGM, the authorised share capital increase will be implemented, and the Memorandum of Association will be formally amended. The company has committed to maintaining transparency throughout this process and will update stakeholders on the outcome of the shareholder voting.

Hypersoft Technologies Limited has successfully concluded its Extraordinary General Meeting held on December 20, 2025, with shareholders approving all four proposed resolutions. The meeting was conducted through Video Conferencing and Other Audio-Visual Means, with remote e-voting facilities provided to members from December 17-19, 2025.

EGM Resolutions Approved

The shareholders unanimously passed the following key resolutions:

Voting Process and Compliance

The company appointed Mr. Surya Prakash Perumalla, Practicing Company Secretary from SPP Associates, as the Scrutinizer to conduct the voting process. The e-voting facility was available from 9:00 AM on December 17, 2025, to 5:00 PM on December 19, 2025. Additional e-voting was permitted during the EGM for members who had not previously voted.

Members holding shares as of November 21, 2025 (the cut-off date) were entitled to vote on the resolutions. The voting system was provided by Central Depository Services Limited (CDSL), ensuring a fair and transparent process.

Strategic Implications

The approval of these resolutions enables Hypersoft Technologies to proceed with its previously announced strategic initiatives, including the acquisition of Nexus Innovate Pte Ltd through a share swap arrangement. The authorized share capital increase and preferential equity issue approval specifically support the planned issuance of 6.82 crore equity shares for the Singapore-based acquisition.

Company's Financial Position

To provide context for these strategic moves, Hypersoft Technologies' recent financial metrics show:

The company's growing asset base and stable equity position have positioned it well for the approved strategic initiatives. With the EGM resolutions now passed, Hypersoft Technologies can move forward with its international expansion plans and enhanced operational capabilities through the Nexus Innovate acquisition.