Hypersoft Technologies Limited (HTL) has announced that its Committee of Independent Directors (IDC) has unanimously recommended the open offer made by Narra Purna Babu to the public shareholders of the company. This development marks a significant corporate action for the Hyderabad-based technology firm.

Open Offer Details

The open offer, made in compliance with SEBI regulations, proposes the following:

IDC Recommendation

The IDC, comprising Chairman Ramesh Babu Kommineni and member Manjula Aleti, has deemed the offer fair and reasonable. Their recommendation is based on a thorough review of several key documents, including:

• Public Announcement dated March 28, 2025
• Corrigendum to Public Announcement dated April 4, 2025
• Detailed Public Statement published on April 7, 2025
• Draft Letter of Offer dated April 16, 2025
• SEBI observation letter dated October 1, 2025
• Letter of Offer dated October 6, 2025

The committee concluded that the offer price aligns with the parameters prescribed by SEBI in the Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

Transparency and Disclosure

In line with regulatory requirements, HTL has published the IDC's recommendations in the same newspapers where the Detailed Public Statement was originally published. These include:

• Financial Express (English National Daily)
• Jansatta (Hindi National Daily)
• Pratahkal (Mumbai edition)
• Prabhatha Velugu (Hyderabad edition)

Implications for Shareholders

This open offer presents an opportunity for public shareholders of Hypersoft Technologies to tender their shares at Rs. 11.00 per share. However, it's important to note that shares allotted in the public category pursuant to a recent preferential issue, which are locked-in for six months, are not eligible for tendering in this offer.

Shareholders are advised to carefully review the offer documents and seek independent financial advice before making a decision. The open offer process is being managed by Finshore Management Services Limited.

As corporate actions like open offers can significantly impact a company's ownership structure and stock performance, investors should closely monitor further developments and announcements from Hypersoft Technologies Limited.

Hypersoft Technologies Limited is set to undergo a significant ownership change as Narra Purna Babu launches an open offer to acquire up to 26% of the company's expanded capital. This move comes on the heels of a preferential allotment that has reshaped the company's shareholding structure.

Open Offer Details

The open offer, triggered by a preferential allotment, aims to acquire up to 42,25,442 equity shares, representing 26% of Hypersoft's expanded capital. Key points of the offer include:

• Offer Price: Rs 11.00 per share
• Total Consideration: Rs 4.65 crore
• Offer Period: October 20 to November 4, 2025
• Offer Type: Unconditional

Background of the Transaction

The open offer was necessitated following a preferential allotment of 1.2 crore equity shares by Hypersoft Technologies. This allotment was part of the company's acquisition of NX Global Pte Ltd through a share swap arrangement.

Impact on Shareholding

Management of the Offer

• Offer Manager: Finshore Management Services Limited
• Registrar to the Offer: CIL Securities Limited

Strategic Implications

This open offer represents a significant move by Narra Purna Babu to consolidate his position in Hypersoft Technologies. The acquisition of NX Global Pte Ltd and the subsequent open offer suggest a strategic expansion of Hypersoft's capabilities and market presence.

Regulatory Compliance

The offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Shareholders are advised to review the detailed terms and conditions in the Letter of Offer before making a decision.

Investors and shareholders of Hypersoft Technologies Limited should closely monitor these developments as they may have significant implications for the company's future direction and governance structure.