Intimation of Notice of Extraordinary General Meeting of the Company Scheduled to be held on December 20, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hypersoft Technologies has called its 2nd EGM of FY2025-26 on December 20, 2025 at 11:00 AM via video conferencing, with e-voting open from December 17-19, 2025. Four special businesses are on the agenda: (1) increasing authorised share capital from Rs. 18 crore to Rs. 86 crore (from 1.8 crore to 8.6 crore equity shares of Rs. 10 each), (2) raising the Section 186 limit for loans, investments and guarantees to Rs. 500 crore, (3) issuing 6.82 crore equity shares on a preferential basis as a share swap to acquire 6.82 crore shares of Nexus Innovate Pte. Ltd. (with shares going to four allottees including Narra Purna Babu getting 3.96 crore shares), and (4) altering the Memorandum of Association to add new main objects covering battery energy storage systems, renewable energy, and infrastructure development. The relevant date for pricing the preferential issue is November 20, 2025.
If approved, this is a transformative move — the share swap will significantly expand Hypersoft's equity base and bring in new foreign shareholders as substantial owners, while also signalling a major strategic pivot into green energy, battery storage and infrastructure businesses. Existing shareholders should note the large dilution effect (6.82 crore new shares versus current 1.8 crore authorised) and the shift in business direction, which could materially affect the stock's risk profile and long-term value.