Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd has responded to a news item on Moneycontrol regarding a potential stake sale by promoters to ITC Infotech. The company clarified that there is no information requiring disclosure under SEBI's Listing Regulations. They stated that they continuously explore strategic opportunities in the best interest of stakeholders and will promptly disclose any material events as required. The company affirmed its commitment to compliance with all disclosure obligations.

Happiest Minds Technologies Ltd has received the Certified True Copy of the Final Order from the Hon'ble National Company Law Tribunal (NCLT), Bengaluru Bench, approving the Scheme of Amalgamation of Aureustech Systems Private Limited (Transferor Company) with Happiest Minds Technologies Limited (Transferee Company). The amalgamation, governed by Sections 230-232 of the Companies Act, 2013, was approved by the NCLT on August 10, 2026. The appointed date for the merger is April 1, 2026. This follows previous disclosures made by the company regarding the proposed scheme.

Happiest Minds Technologies Ltd conducted its 15th Annual General Meeting (AGM) on July 28, 2026, via video conference. The meeting, attended by 53 members, included presentations from Chairman & Chief Mentor Ashok Soota, Co-Chairman & CEO Joseph Anantharaju, and Managing Director Venkatraman N. Key attendees also included Directors, Key Managerial Personnel (KMPs), Statutory Auditors from Deloitte Haskins & Sells, and Secretarial Auditors from V Sreedharan & Associates. The transcript is available on the company's website. The AGM covered proceedings related to the company's performance and future outlook, with Chairman Soota highlighting the company's founding belief in creating lasting value and the impact of artificial intelligence on the IT services industry.

Happiest Minds Technologies Ltd announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The company reported operating revenue of ₹629 crore, a 14.3% increase year-on-year and 4.0% sequentially. In constant currency, revenue grew 6.7% year-on-year. Operating margins were healthy at 17.5%. Adjusted PAT increased by 14.7% year-on-year to ₹80.5 crore, with Adjusted EPS growing to ₹5.34. The company highlighted a strong balance sheet with ₹1,743 crore in cash and cash equivalents. Key operational metrics include 306 active customers, 92 billion-dollar corporations served, and a repeat business rate of 94.4%. Voluntary attrition improved to 15.4%.

Happiest Minds Technologies Ltd announced that its Board of Directors, in a meeting held on July 27, 2026, approved the unaudited financial statements for the quarter ended June 30, 2026. These statements, prepared in accordance with Indian Accounting Standards (IndAS), cover both standalone and consolidated figures. The company also submitted the auditor's review report, an investor presentation, and a press release detailing the results for the specified quarter. The board meeting commenced at 6:00 PM and concluded at 6:30 PM. The filing also included disclosures regarding the security cover of NCDs for the quarter.

Happiest Minds Technologies reported a strong start to FY27 with Q1 revenues reaching ₹629 crores, marking a 14.3% year-on-year increase. The company also saw operating margins grow by 11.8% year-on-year. Revenue in constant currency grew 6.7% YoY. Adjusted EPS stood at ₹5.34 per share, up 17% YoY. The company highlighted strong momentum in AI and Analytics, digital engineering, and platforms, with a robust pipeline showing 20% growth quarter-on-quarter. Key wins include strategic partnerships for data and AI, managed infrastructure services, and a multi-year, multi-million-dollar managed security services deal. The company ended the quarter with 306 clients and 6,532 employees, with a trailing 12-month attrition rate of 15.4%.

Happiest Minds Technologies Ltd announced that its Board of Directors has approved the unaudited financial statements for the quarter ended June 30, 2026. The results are available on both standalone and consolidated bases, prepared in accordance with Indian Accounting Standards (IndAS). The company also submitted the auditor's review report, investor presentation, and press release covering the results. The board meeting to approve these statements commenced at 6:00 pm and concluded at 6:30 pm on July 27, 2026. The filing also includes disclosures regarding security cover of NCD for the said quarter.

Happiest Minds Technologies Ltd has announced that its Board of Directors will convene on July 27, 2026. The primary agenda item for this meeting is to consider and approve the unaudited financial statements, both standalone and consolidated, for the quarter ended June 30, 2026. These statements will be prepared in accordance with Indian Accounting Standards (IndAS). Further details will be made available on the company's investor website and the stock exchanges.

SBI Mutual Fund, through its various schemes, has reduced its shareholding in Happiest Minds Technologies Ltd by 0.1028%, selling 1,56,492 shares. This transaction brings their total holding down to 3.5440% of the company's paid-up share capital. The sale was conducted via the open market on July 14, 2026. Prior to this sale, SBI Mutual Fund held 5.6059% of the company's shares. The total value of shares sold amounts to ₹30,45,49,622.

Happiest Minds Technologies Ltd has issued a clarification regarding a news item published on Moneycontrol.com on July 13, 2026, which suggested ITC Infotech was a frontrunner to acquire a majority stake. The company stated that it has taken note of the news but confirmed there is no information requiring disclosure under SEBI's Listing Regulations. Happiest Minds reiterated its commitment to exploring strategic opportunities in the best interest of stakeholders and to promptly disclose any material information as required by regulations.