Happiest Minds Technologies Limited

Alok Industries Ltd, Indo Count Industries Ltd, EPL Ltd and Prudent Corporate Advisory Services Ltd are among the other losers in the BSE's 'A' group today, 01 September 2026.Happiest Minds Technologies Ltd tumbled 10.11% to Rs 366 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8.47 lakh shares were traded on the counter so far as against the average daily volumes of 1.4 lakh shares in the past one month.Alok Industries Ltd crashed 8.13% to Rs 7.8. The stock was the second biggest loser in 'A' group.On the BSE, 34.48 lakh shares were traded on the counter so far as against the average daily volumes of 9.03 lakh shares in the past one month.Indo Count Industries Ltd lost 8.01% to Rs 431.65. The stock was the third biggest loser in 'A' group.On the BSE, 46236 shares were traded on the counter so far as against the average daily volumes of 1.03 lakh shares in the past one month.EPL Ltd fell 7.72% to Rs 241.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 85.16 lakh shares were traded on the counter so far as against the average daily volumes of 2.32 lakh shares in the past one month.Prudent Corporate Advisory Services Ltd pared 7.52% to Rs 3363.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 4770 shares were traded on the counter so far as against the average daily volumes of 20121 shares in the past one month.

Happiest Minds Technologies Limited is merging with ITC Infotech India Limited, a move designed to create synergies, expand market reach, and foster innovation. Under the terms of the scheme of amalgamation, Happiest Minds shareholders will receive 25 shares of ITC Infotech for every 81 shares they currently hold, a ratio determined by PwC Business Consulting Services LLP and GT Valuation Advisors Private Limited and deemed fair by ICICI Securities Limited. The merger, which requires regulatory and shareholder approvals, will see Happiest Minds cease to exist as a separate entity, with its assets and liabilities absorbed by ITC Infotech. While ITC Infotech is not considered a related party, the involvement of Happiest Minds’ promoters, Ashok Soota and Ashok Soota Medical Research LLP, in the Merger Framework Agreement designates the transaction as a related party transaction. The merger will be structured as an all-share swap, with no cash consideration offered.

Happiest Minds Technologies Limited is set to merge with ITC Infotech India Limited, a transaction that will see Happiest Minds cease to exist as a separate entity. The amalgamation, detailed in a Scheme of Amalgamation and Merger Framework Agreement, involves an exchange ratio of 25 shares of ITC Infotech for every 81 shares of Happiest Minds. The valuation for the merger was conducted by PwC Business Consulting Services LLP and GT Valuation Advisors Private Limited on August 31, 2026, with ICICI Securities Limited providing a fairness opinion. Promoters Ashok Soota and Ashok Soota Medical Research LLP are involved in the transaction, which is considered a related party transaction. The merger aims to create a larger, more competitive entity with operational synergies and increased growth opportunities, pending regulatory approvals and shareholder approval.

Happiest Minds Technologies Limited is merging into ITC Infotech India Limited, a move that will alter the shareholding structure and create synergies for stakeholders. Under the scheme of amalgamation, Happiest Minds shareholders will receive 25 shares of ITC Infotech for every 81 shares they currently hold, a ratio determined by PwC Business Consulting Services LLP and GT Valuation Advisors Private Limited, with a fairness opinion from ICICI Securities Limited. Following the merger, promoters will hold 44.21% of ITC Infotech, while non-promoters will own 55.79%. The transaction, considered a related party transaction due to the involvement of Happiest Minds’ promoter, Mr. Ashok Soota and Ashok Soota Medical Research LLP, is being conducted at arm’s length and outlined in a merger framework agreement, alongside a separate agreement for the sale of shares by Happiest Minds.

Happiest Minds Technologies Limited is merging with ITC Infotech India Limited, with ITC Infotech absorbing Happiest Minds and the latter ceasing to exist as a separate entity. Shareholders of Happiest Minds will receive 25 shares of ITC Infotech for every 81 shares they currently hold, a ratio determined by valuation reports from PwC Business Consulting Services LLP and GT Valuation Advisors Private Limited. Simultaneously, a share sale agreement has been executed between Happiest Minds, Ashok Soota, and Ashok Soota Medical Research LLP, impacting the company’s shareholding pattern. The merger framework agreement, involving the same parties, outlines the procedural and legal aspects of the combination, which is expected to create synergies and value for stakeholders, though specific details of the share sale remain undisclosed.

Happiest Minds Technologies Limited is merging with ITC Infotech India Limited, a move detailed in filings including Annexures A, B, and C. Under the scheme of amalgamation, Happiest Minds shareholders will receive 25 shares of ITC Infotech for every 81 shares they currently hold, a ratio determined by valuation reports from PwC Business Consulting Services LLP and GT Valuation Advisors Private Limited and assessed as fair by ICICI Securities Limited. The merger, which will see Happiest Minds (the transferor company) absorbed by ITC Infotech (the transferee company), aims to create a larger digital solutions provider, though it requires regulatory approvals and presents integration challenges. Notably, key Happiest Minds promoters, Ashok Soota and Ashok Soota Medical Research LLP, are parties to the merger framework agreement, necessitating transparency and oversight.

Net profit of Happiest Minds Technologies rose 18.33% to Rs 67.60 crore in the quarter ended June 2026 as against Rs 57.13 crore during the previous quarter ended June 2025. Sales rose 14.30% to Rs 628.51 crore in the quarter ended June 2026 as against Rs 549.90 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales628.51549.90 14 OPM %18.7117.10 - PBDT112.8399.23 14 PBT90.2076.87 17 NP67.6057.13 18 Powered by Capital Market - Live

Happiest Minds Technologies will hold a meeting of the Board of Directors of the Company on 27 July 2026.

Rel(AI)Build is an enterprise-grade, agentic platform designed to transform how organizations build, modernize, and operate software systems. The platform brings together AI-driven automation, governance, and human oversight into a single, unified software delivery framework. Built on an Agentic Development Lifecycle (ADLC), Rel(AI)Build orchestrates specialized, context-aware AI agents across a structured lifecycle, from planning through operations Rel(AI)Build supports a wide range of enterprise transformation initiatives, including application modernization, platform engineering, quality engineering, data engineering, and infrastructure and cybersecurity operations. By embedding AI agents across code analysis, infrastructure provisioning, testing, data pipelines, and system operations, the platform enables organizations to scale innovation while maintaining control and compliance. The company said that early implementations of Rel(AI)Build have demonstrated significant business impact, including up to 40'60% faster modernization timelines, a threefold increase in engineering productivity, and 30'50% reduction in support costs. Organizations also benefit from improved software quality, enhanced system reliability, and greater operational resilience. Sridhar Mantha, CEO: GenAI business services, Happiest Minds Technologies, said, Software engineering is entering a new era where AI actively participates in the delivery process. With Rel(AI)Build and our Agentic Development Lifecycle, we are enabling enterprises to accelerate innovation, improve agility, and achieve measurable business outcomes while maintaining governance and quality at scale. Ritesh Gupta, chief technology officer, Happiest Minds Technologies, remarked, 'Rel(AI)Build is an enterprise-grade agentic platform designed to bring intelligence, automation, and governance across the software delivery lifecycle. By combining specialized AI agents, contextual awareness, and built-in guardrails, we help organizations accelerate development, improve quality, and scale AI adoption efficiently.' Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The company's consolidated net profit jumped 51.79% QoQ to Rs 61.17 crore in Q4 FY26. Revenue from operations rose 2.81% to Rs 604.08 crore in Q4 FY26 from Rs 587.56 crore posted in Q3 FY26. The scrip shed 0.95% to end at Rs 345.05 on the BSE.Powered by Capital Market - Live

Happiest Minds Technologies announced that the Annual General Meeting(AGM) of the company will be held on 28 July 2026 https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0e16d25-d463-4a09-bcf1-e1774163b0ed.pdf