Happiest Minds Technologies Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 29, 2025. Further, the company has informed the Exchange regarding voting results.
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Happiest Minds Technologies conducted its 14th AGM on July 29, 2025, via video conferencing, and all 12 resolutions were passed with the required majority. Key items approved include the adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend for FY ended March 31, 2025, and the re-appointment of Mr. Ashok Soota (retiring by rotation). Shareholders also cleared special resolutions to increase the company's borrowing limits under Section 180(1)(c) (passed with 92.54% support), to create or modify charges on company assets (92.70%), and to pay commission to Non-Executive Directors (99.99%). Re-appointments of Independent Directors Mr. Rajendra Kumar Srivastava, Ms. Anita Ramachandran, and Ms. Shuba Rao Mayya were also approved, with voting in favour ranging from 98.67% to 99.56%. Overall voting turnout was about 61% of the total 15.22 crore outstanding shares.
Shareholders have formally approved the FY25 final dividend and authorised the company to raise additional borrowings, giving Happiest Minds more financial flexibility for growth or acquisitions. The clean passage of all resolutions, including the borrowing limit increase, suggests strong shareholder confidence, though institutional investors showed notable dissent (around 31-32%) on the borrowing and charge-related resolutions.