Intimation of allotment of Equity Shares for consideration other than cash by way of swap of shares
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The Board of Hypersoft Technologies approved the allotment of 1,20,00,000 equity shares at Rs. 10 each on a preferential basis through a share swap, in exchange for 4,80,00,000 shares of NX Global Pte. Ltd. As a result, NX Global becomes a wholly owned subsidiary of Hypersoft, and Mindgate Solutions Pte Ltd and Mindgate Solutions LLC become step-down subsidiaries. The allotted shares will be held in an escrow account till the completion of the mandatory open offer under SEBI Takeover Regulations. Separately, Q1 FY26 standalone results showed revenue from operations at Rs. 992.86 lakhs versus Rs. 13.93 lakhs in Q1 FY25, with profit after tax of Rs. 83.53 lakhs against a loss of Rs. 1.19 lakhs earlier. EPS stood at Rs. 1.96 versus Rs. (0.03) YoY.
This is a meaningful expansion for Hypersoft as it brings NX Global and Mindgate Solutions into its fold, potentially boosting consolidated revenue and earnings going forward. Shareholders should note the upcoming open offer obligation and the resulting dilution, while the sharp improvement in Q1 numbers signals a strong operational turnaround.