Outcome of Board Meeting
Price
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Hypersoft Technologies' Board, meeting on August 13, 2025, approved standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations surged to Rs. 992.86 lakhs from just Rs. 13.93 lakhs in the same quarter last year. Profit after tax stood at Rs. 83.53 lakhs versus a loss of Rs. 1.19 lakhs earlier, with EPS of Rs. 1.96. The Board also approved the allotment of 1,20,00,000 equity shares at Rs. 10 each on a preferential basis through a share swap to acquire 4,80,00,000 shares of NX Global Pte. Ltd. As a result, NX Global becomes a wholly owned subsidiary, with Mindgate Solutions Pte Ltd and Mindgate Solutions LLC becoming step-down subsidiaries. The allotted shares will be held in escrow until completion of the mandatory open offer under SEBI takeover norms.
The acquisition via share swap expands Hypersoft's footprint into Singapore-based entities (NX Global, Mindgate), potentially boosting consolidated revenue significantly. The strong Q1 numbers show a turnaround, but the share swap will dilute existing shareholders by roughly 27% and trigger a mandatory open offer, creating near-term price uncertainty.