Intimation of Allotment of Equity Shares for consideration other than cash by way of swap of shares
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Hypersoft Technologies has allotted 6,82,00,000 equity shares at Rs. 29.25 per share (face value Rs. 10) on a preferential basis for consideration other than cash. Through this share swap, the company is purchasing 6,82,00,000 shares of Nexus Innovate Pte. Ltd. and issuing its own shares to the target's shareholders — Narra Purna Babu (3.96 crore shares), Cyberpath Systems Pte. Ltd. (1.36 crore shares), Quotrix Solutions Pte. Ltd. (1.30 crore shares) and Quantum Path Solutions Pte. Ltd. (20 lakh shares). As a result, Nexus Innovate Pte. Ltd. becomes a wholly owned subsidiary and Nexus Innovate LLC becomes a wholly owned step-down subsidiary of Hypersoft. The total deal value based on the issue price is approximately Rs. 199.5 crore. The board also noted a delayed submission of shareholder complaints for the quarter ended December 2025 and directed management to strengthen compliance monitoring.
For existing shareholders, this is a significant acquisition that brings an overseas subsidiary under the listed entity, which will likely result in share dilution of about 6.82 crore new shares. The deal valuation at Rs. 29.25 per share will serve as a reference price for the newly acquired asset. Investors should watch for clarity on the financials and revenue contribution of Nexus Innovate in upcoming disclosures.