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.

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.