Happiest Minds Technologies Ltd (HAPPSTMNDS) — Announcement | 31 August 2026

31 August 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Promoters to sell 22.106% stake to ITC Infotech while approving merger scheme

🔮 What's Next

September 26, 2026

💡 Investor Takeaway

Shareholders will receive 25 new shares for every 81 existing shares in the merger, with NCDs redeemed by September 26, 2026.

Happiest Minds Technologies announced on August 31, 2026 that its promoters will sell 22.106% of the company to ITC Infotech India Limited for INR 13,29,71,77,710 in two tranches, while simultaneously approving a scheme to amalgamate with ITC Infotech, shift its registered office to West Bengal, and redeem all NCDs by September 26, 2026.

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About Happiest Minds Technologies Ltd (HAPPSTMNDS)

Information Technology · IT - Software · Listed on BSE

Market Cap: ₹4,697.68 CrP/E: 20.8ROE: 13.2%ROCE: 12.8%Div Yield: 2.07%

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📊 More HAPPSTMNDS filings

🟡 Buyback / Redemption — 30 September 2026Happiest Minds confirmed timely payment of principal and interest on 3,500 NCDs issued via private p...
🔴 Corporate Action — 25 September 2026Happiest Minds paid 65,96,876.71 INR interest on NCDs on September 25, 2026, one day before the sche...
Announcement — 23 September 2026Happiest Minds Technologies announced that its trading window for insider transactions will close on...
Announcement — 7 September 2026Happiest Minds announced a proposed merger with ITC Infotech, where promoter Soota will divest 22.1%...
🟡 Voting Results — 2 September 2026Happiest Minds Technologies proposed shifting its registered office from Karnataka to West Bengal vi...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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