Outcome of Board Meeting
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' board, meeting on November 21, 2025, approved raising its authorised share capital from Rs. 18 crore to Rs. 86 crore. It also cleared a preferential issue of 6.82 crore equity shares (Rs. 10 face value) to acquire 100% of Singapore-based IT consulting firm Nexus Innovate Pte. Ltd. through a 1:1 share swap. Nexus Innovate, founded in 2011, posted turnover of around SGD 4 million in 2024 and serves clients in Asia-Pacific and the US. Its wholly-owned US arm, Nexus Innovate LLC, will become a step-down subsidiary of Hypersoft. The allottees include Promoter Narra Purna Babu (3.96 crore shares) and three Singapore-based entities. Post-issue, the promoter will hold 58.08%, slightly diluted from 58.14%. An EGM is scheduled for December 20, 2025, for shareholder approval.
This is a significant share-dilution event — existing shareholders' stake will fall by roughly 84% as 6.82 crore new shares are issued, though the swap brings in a revenue-generating foreign subsidiary. The deal is a related-party transaction (promoter is the largest seller), so shareholder voting at the December 20 EGM will be the key catalyst to watch.