Submission of outcome of EGM along with Scrutinizers Report
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Awaiting price reaction for this filing.
Hypersoft Technologies held its EGM on April 26, 2025 via video conferencing, where shareholders approved all three resolutions with overwhelming support. About 21.29 lakh votes were polled (50.09% of total shares of 42.51 lakh), with 99.9997% voting in favour and just 7 votes against. Promoters (holding 20.34 lakh shares) voted 100% in favour, and among public non-institutional holders, 99.99% supported the resolutions. The three approved resolutions are: (1) increase in authorised share capital with amendment to the Memorandum of Association, (2) alteration of Articles of Association, and (3) issue of equity shares on a preferential basis. Only 906 shareholders were on record date, with 1 promoter and 9 public members attending via VC.
The approvals clear the way for a preferential equity share issue and expansion of authorised share capital, which could lead to dilution for existing public shareholders if they don't participate. Details on the preferential issue (issue price, number of shares, allottees) are not part of this filing and will come in a separate announcement — investors should watch for those terms as they will directly affect per-share value.