Submission of outcome of EGM along with Scrutinizer Report
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Hypersoft Technologies held an Extraordinary General Meeting (EGM) on 20th December 2025 via video conferencing and all four resolutions were passed with the requisite majority. Shareholders approved an increase in the company's authorised share capital along with a corresponding amendment to the Memorandum of Association. Members also approved issuing equity shares on a preferential basis to select investors, and gave the board permission to make investments, give loans, or provide guarantees beyond the limits specified under Section 186 of the Companies Act, 2013. Additionally, alterations to the Memorandum of Association were approved. The voting was conducted through remote e-voting and e-voting during the meeting, with Mr. Surya Prakash Perumalla of SPP & Associates acting as the Scrutinizer.
The preferential equity issue is likely to dilute existing shareholders and signals that the company may be planning to raise fresh capital from specific investors. The hike in authorised share capital provides headroom for further fundraising, while the Section 186 clearance gives the board more flexibility to deploy capital in investments or lending. Retail investors should watch for the next announcement detailing the price, quantity, and identity of allottees under the preferential issue.