Singapore-based Cyberpath Systems Pte. Ltd. has acquired a significant stake in hypersoft technologies through a preferential allotment of equity shares. The acquisition, completed on 27-02-2026, involves 1,36,00,000 shares representing 16.10% of the company's total paid-up equity share capital.

Acquisition Details

The disclosure filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 reveals that Cyberpath Systems had no prior holding in Hypersoft Technologies before this acquisition. The transaction was executed through a preferential allotment mechanism, marking the acquirer's entry as a substantial shareholder in the technology company.

Share Capital Impact

The preferential allotment significantly expanded Hypersoft Technologies' share capital structure. Prior to the acquisition, the company's equity share capital stood at Rs. 16,25,17,000, consisting of 1,62,51,700 equity shares of face value Rs. 10 each, fully paid.

Following the preferential issue of 6,82,00,000 equity shares, the total equity share capital increased to Rs. 84,45,17,000, comprising 8,44,51,700 equity shares of Rs. 10 face value each, fully paid.

Securities Features

The acquired equity shares carry a face value of Rs. 10 each and are fully paid-up, ranking pari passu in all respects with the existing equity shares of the company. The securities do not have any conversion or redemption features attached, representing straightforward equity participation in Hypersoft Technologies.

Regulatory Compliance

Cyberpath Systems Pte. Ltd., headquartered at 1 Raffles Place, Singapore, filed the mandatory disclosure with BSE Limited on 04-03-2026. The acquirer confirmed that it does not belong to the promoter or promoter group of Hypersoft Technologies, positioning itself as an independent substantial shareholder. The disclosure fulfills the regulatory requirements under Regulation 29(1) of SEBI takeover regulations for substantial acquisitions exceeding specified thresholds.

Hypersoft Technologies has witnessed significant shareholding changes following its preferential share allotment, with multiple entities acquiring substantial stakes. The company's Board of Directors approved the transaction on February 27, 2026, following in-principle approval from BSE Limited received on February 23, 2026.

Preferential Share Allotment Overview

The company executed a preferential allotment of 6.82 crore equity shares with a face value of Rs. 10.00 each, priced at Rs. 29.25 per share. The transaction was structured as a share swap arrangement rather than a cash consideration deal.

Quotrix Solutions' Substantial Acquisition

Quotrix Solutions Pte. Ltd., a Singapore-based entity, has disclosed substantial acquisition of shares under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted its disclosure to BSE Limited on March 4, 2026.

Complete Share Distribution Among Allottees

The preferential allotment was distributed among four entities as part of the acquisition structure:

Impact on Share Capital Structure

The preferential allotment significantly expanded the company's equity base and resulted in substantial dilution of existing shareholdings:

Strategic Acquisition and Subsidiary Structure

Through this share swap arrangement, Hypersoft Technologies acquired 6.82 crore shares of Nexus Innovate Pte. Ltd., making it a wholly owned subsidiary. The acquisition also resulted in Nexus Innovate LLC becoming a wholly owned step-down subsidiary, as it was previously a wholly owned subsidiary of Nexus Innovate Pte. Ltd.

Regulatory Compliance

The transaction was completed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Quotrix Solutions' disclosure under Regulation 29(1) of SEBI Takeover Regulations demonstrates adherence to proper regulatory compliance and transparency requirements.