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 promoter Sudhakara Varma Yarramraju has reported a substantial dilution in his shareholding following the company's preferential equity issue. The promoter's stake has decreased from 23.08% to 6.04% due to the allotment of equity shares to other investors on a preferential basis.

Shareholding Details

The promoter continues to hold 9,81,155 equity shares of Hypersoft Technologies Limited. However, his percentage shareholding has been significantly diluted due to the fresh issue of equity shares to other allottees.

Preferential Issue Impact

The dilution occurred due to the preferential allotment of 1,20,00,000 equity shares to other allottees. This represents a substantial expansion of the company's share capital, resulting in the proportionate reduction of existing shareholders' stakes.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The preferential issue was initially allotted, but the shares were kept in a separate escrow account until the completion of the open offer process.

Key regulatory aspects include:

• Shares were maintained in escrow account during open offer period
• Allottees did not exercise voting rights during escrow period
• Shares were transferred to allottees' accounts post open offer completion

Company Capital Structure

Following the preferential issue, Hypersoft Technologies' expanded share capital structure reflects the increased number of outstanding equity shares. The company's equity share capital now consists of shares with a face value of ₹10.00 each, fully paid.

The disclosure demonstrates the significant impact of preferential issues on existing shareholders' stakes, particularly for promoters who see their percentage holdings diluted despite maintaining the same absolute number of shares.