| Scrip Code | 543227 |
|---|---|
| NSE Symbol | HAPPSTMNDS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE419U01012 |
| Name of company | HAPPIEST MINDS TECHNOLOGIES LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 28-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 19-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 28-05-2026 20:45:00 |
| End date and time of board meeting | 28-05-2026 21:30:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 12-05-2025 |
| Indicate Company website link for updated RPT policy of the Company | https://www.happiestminds.com/investors/policy-documents/Policy%20on%20Related%20Party%20Transactions.pdf |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | Yes |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Unaudited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 45,721.00 | 1,72,602.00 | |
| Other income | 9,174.00 | 17,513.00 | |
| Total income | 54,895.00 | 1,90,115.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 31,458.00 | 1,19,254.00 |
| (e) | Finance costs | 2,183.00 | 9,223.00 |
| (f) | Depreciation, depletion and amortisation expense | 1,241.00 | 5,114.00 |
| (f) | Other Expenses | ||
| 1 | Subcontractor charges | 2,870.00 | 10,095.00 |
| 2 | Software license cost | 1,740.00 | 6,421.00 |
| 3 | Travelling and conveyance | 666.00 | 3,315.00 |
| 4 | Advertising and business promotion expenses | 248.00 | 813.00 |
| 5 | Legal and professional fees | 277.00 | 1,436.00 |
| 6 | Recruitment charges | 325.00 | 1,105.00 |
| 7 | Rent expenses | 228.00 | 684.00 |
| 8 | Repairs and maintenance | 262.00 | 956.00 |
| 9 | Corporate social responsibility expenditure | 151.00 | 640.00 |
| 10 | Others | 647.00 | 1,987.00 |
| Total other expenses | 7,414.00 | 27,452.00 | |
| Total expenses | 42,296.00 | 1,61,043.00 | |
| 3 | Total profit before exceptional items and tax | 12,599.00 | 29,072.00 |
| 4 | Exceptional items | 0.00 | (2,041.00) |
| 5 | Total profit before tax | 12,599.00 | 27,031.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 903.00 | 4,678.00 |
| 8 | Deferred tax | 359.00 | (59.00) |
| 9 | Total tax expenses | 1,262.00 | 4,619.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 11,337.00 | 22,412.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 11,337.00 | 22,412.00 |
| 17 | Other comprehensive income net of taxes | (1,476.00) | (2,477.00) |
| 18 | Total Comprehensive Income for the period | 9,861.00 | 19,935.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 3,005.00 | 3,005.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 1,60,655.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 7.53 | 14.88 | |
| Diluted earnings (loss) per share from continuing operations | 7.52 | 14.87 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 7.53 | 14.88 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 7.52 | 14.87 | |
| 24 | Debt equity ratio | 0.8700 | 0.8700 |
| 25 | Debt service coverage ratio | 8.7400 | 5.400 |
| 26 | Interest service coverage ratio | 6.7800 | 4.1500 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. In terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this Statement of Standalone Financial Results for the quarter and year ended March 31, 2026 (Standalone Financial Results) of Happiest Minds Technologies Limited (the Company) has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 28, 2026. 2. The figures for the quarter ended March 31, 2026 are balancing figures between audited figures in respect of full financial year up to March 31, 2026 and the unaudited published year-to-date figure up to December 31, 2025 being the date of the end of the third quarter of the financial year. The published year-to-date results up to December 31, 2025 was subjected to a limited review by the Statutory Auditors of the Company. 3. The Standalone Financial Results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act 2013 and, as amended, read with relevant rules thereunder and in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended and SEBI Circular No.CIR/CFD/CMD1/44/2019 dated March 29, 2019. 4.The Board of Directors of the Company at their meeting held on May 28, 2026 for the financial year ended March 31, 2026, recommended the payout of a final dividend of Rs.3.65/- per equity share of face value Rs.2/- each. This recommendation is subject to approval of Shareholders at the 15th Annual General Meeting of the Company scheduled to be held on July 28, 2026. 5. The Company publishes standalone financial statements along with the consolidated financial statements. In accordance with Ind AS 108, Operating segments, the Company has disclosed the segment information in the audited consolidated financial statements. Accordingly, the segment information is given in the audited consolidated financial results of Happiest Minds Technologies Limited and its subsidiary for the quarter and year ended March 31, 2026. 6. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the “Labour Codes”) which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment The Labour Codes, introduce changes including a uniform definition of wages and enhanced benefits relating to leave. The Company has assessed the financial implications of these changes, which have resulted in an increase in gratuity liability arising from past service cost and increase in leave liability by INR 2,041 lakhs. Considering that the impact arising from the enactment of the new legislation is non-recurring in nature, the Company has presented this incremental amount of INR 2,041 lakhs as “Impact of Labour Codes” under “Exceptional Items” in the Statement of Profit and Loss for the quarter ended December 31, 2025 and year ended March 31, 2026. The Company continues to monitor developments pertaining to the Labour Codes and will evaluate any further impact on the measurement of liabilities relating to employee benefits. 7. On May 22, 2024, the Group acquired 100% equity interest of PureSoftware Technologies Private Limited (‘PSTPL’). The Group paid a total cash consideration of INR 64,229 lakhs towards the acquisition. As a result of this acquisition, the Group has recorded goodwill of INR 56,740 lakhs and other intangible assets of INR 15,718 lakhs, and a contingent considerations of INR 10,814 lakhs. Costs incurred on the acquisition of about INR 605 Lakhs has been grouped under Other expenses. The Company has re-measured the fair value of the contingent consideration and the change in fair value of INR 2,344 Lakhs has been recognised in the statement of profit and loss and disclosed as an ‘Exceptional Item’ for the quarter and year ended March 31, 2025. 8. The Scheme of Amalgamation of Happiest Minds Edutech Pvt. Ltd (HMEPL), a wholly-owned subsidiary, with and into the Company was approved by the Hon’ble National Company Law Tribunal (“NCLT”) on September 22, 2025, with an appointed date of April 18, 2024. Accordingly, the Company has accounted for the aforesaid merger sanctioned by NCLT, using the pooling of interest method retrospectively for all periods presented in the standalone financial results as prescribed in Ind AS 103 - Business Combinations. The previous periods figures, where applicable, in the standalone financial results are accordingly restated. 9. The Scheme of Amalgamation of Sri Mookambika Infosolutions Private Limited (SMI), a wholly-owned subsidiary, with and into the Company was approved by the Hon’ble National Company Law Tribunal (“NCLT”) on September 25, 2025 (read with a corrigendum dated October 13, 2025), with an appointed date of April 1, 2025. Accordingly, the Company has accounted for the aforesaid merger sanctioned by NCLT, using the pooling of interest method retrospectively for all periods presented in the standalone financial results as prescribed in Ind AS 103 - Business Combinations. The previous periods figures, where applicable, in the standalone financial results are accordingly restated. 10. The Board of Directors of the Company at its meeting held on July 29, 2025 had approved the Scheme of Amalgamation of Aureustech Systems Private Limited (Wholly Owned Subsidiary of the Company) with the Company and their respective Shareholders and Creditors, pursuant to Sections 230 to 232 and other relevant provisions of the Companies Act, 2013 read with Regulation 37 of SEBI (LODR) Regulation, 2015. The Scheme of Amalgmation is filed with Hon’ble National Company Law Tribunal (“NCLT”) on September 02, 2025. 11. The Board of Directors of the Company at its meeting held on February 04, 2025 had approved the Scheme of Amalgamation of PureSoftware Technologies Private Limited (Wholly Owned Subsidiary of the Company) with the Company and their respective Shareholders and Creditors, pursuant to Sections 230 to 232 and other relevant provisions of the Companies Act, 2013 read with Regulation 37 of SEBI (LODR) Regulation, 2015. The Scheme of Amalgmation is filed with Hon’ble National Company Law Tribunal (“NCLT”) on May 09 2025. 12. The above Unaudited Standalone Financial Results of the Company are available on the Company's website www.happiestminds.com and also that of BSE (www.bseindia.com) and NSE (www.nseindia.com). |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 13,138.00 | |
| Capital work-in-progress | 0.00 | |
| Investment property | 0.00 | |
| Goodwill | 6,015.00 | |
| Other intangible assets | 4,577.00 | |
| Intangible assets under development | 83.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 79,958.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Fixed deposit with maturity of more than 12 months | 20,005.00 |
| 2 | Margin money deposits | 6,276.00 |
| 3 | Security deposit | 822.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other non-current financial assets | 27,103.00 | |
| Total non-current financial assets | 1,07,061.00 | |
| Deferred tax assets (net) | 2,954.00 | |
| Other non-current assets | ||
| 1 | Right-of-use assets | 5,416.00 |
| 2 | Income tax assets (net) | 5,027.00 |
| 3 | Prepaid expenses | 166.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other non-current assets | 10,609.00 | |
| Total non-current assets | 1,44,437.00 | |
| 2 | Current assets | |
| Inventories | 0.00 | |
| Current financial asset | ||
| Current investments | 50,352.00 | |
| Trade receivables, current | 33,880.00 | |
| Cash and cash equivalents | 5,764.00 | |
| Bank balance other than cash and cash equivalents | 79,055.00 | |
| Loans, current | 8.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 15,348.00 | |
| Total current financial assets | 1,84,407.00 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | ||
| 1 | Prepaid expenses | 2,661.00 |
| 2 | Balances with statutory / government authorities | 579.00 |
| 3 | Advance to employees against expenses | 78.00 |
| 4 | Advance to suppliers | 558.00 |
| 5 | Contract assets | 5,408.00 |
| Total of other current assets | 9,284.00 | |
| Total current assets | 1,93,691.00 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 3,38,128.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 3,005.00 | |
| Other equity | 1,60,655.00 | |
| Total equity attributable to owners of parent | 1,63,660.00 | |
| Non controlling interest | ||
| Total equity | 1,63,660.00 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 28,128.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| 1 | Lease liabilities | 3,819.00 |
| 2 | Interest rate swap | 416.00 |
| 3 | Cross currency interest rate swap | 1,715.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other non-current financial liabilities | 5,950.00 | |
| Total non-current financial liabilities | 34,078.00 | |
| Provisions, non-current | 7,096.00 | |
| Deferred tax liabilities (net) | 1,069.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| 1 | NA | 0.00 |
| 2 | NA | 0.00 |
| 3 | NA | 0.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other non-current liabilities | 0.00 | |
| Total non-current liabilities | 42,243.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 1,07,252.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 520.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 7,289.00 | |
| Total Trade payable | 7,809.00 | |
| Other current financial liabilities | ||
| 1 | Lease liabilities | 2,878.00 |
| 2 | Employee related liabilities | 3,502.00 |
| 3 | Unpaid dividend | 41.00 |
| 4 | Capital creditors | 262.00 |
| 5 | Accrued interest payable | 601.00 |
| 6 | Contingent Consideration | 144.00 |
| 7 | Interest rate swap | 22.00 |
| 8 | Foreign currency forward contracts | 2,392.00 |
| Total of other current financial liabilities | 9,842.00 | |
| Total current financial liabilities | 1,24,903.00 | |
| Other current liabilities | 4,294.00 | |
| 1 | Contract liabilities | 1,984.00 |
| 2 | Statutory dues payable | 2,308.00 |
| 3 | Other payables | 2.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other current liabilities | 4,294.00 | |
| Provisions, current | 3,028.00 | |
| Current tax liabilities (Net) | 0.00 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 1,32,225.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 1,74,468.00 | |
| Total equity and liabilites | 3,38,128.00 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | IMSS | 0.00 | 0.00 | ||||
| 2 | PDES | 0.00 | 0.00 | ||||
| 3 | GBS | 0.00 | 0.00 | ||||
| Total Segment Revenue | 0.00 | 0.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 0.00 | 0.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | IMSS | 0.00 | 0.00 | ||||
| 2 | PDES | 0.00 | 0.00 | ||||
| 3 | GBS | 0.00 | 0.00 | ||||
| Total Profit before tax | 0.00 | 0.00 | |||||
| i. Finance cost | 0.00 | 0.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 0.00 | |||||
| Profit before tax | 0.00 | 0.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | IMSS | 0.00 | 0.00 | ||||
| 2 | PDES | 0.00 | 0.00 | ||||
| 3 | GBS | 0.00 | 0.00 | ||||
| Total Segment Asset | 0.00 | 0.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 0.00 | 0.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | IMSS | 0.00 | 0.00 | ||||
| 2 | PDES | 0.00 | 0.00 | ||||
| 3 | GBS | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 0.00 | 0.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 0.00 | 0.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Unaudited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement gains/ (losses) on defined benefit plans | 75.00 | 415.00 |
| Total Amount of items that will not be reclassified to profit and loss | 75.00 | 415.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 17.00 | 104.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Net movement on effective portion of cash flow hedges [gains/ (losses)] | (2,051.00) | (3,726.00) |
| Total Amount of items that will be reclassified to profit and loss | (2,051.00) | (3,726.00) | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (517.00) | (938.00) |
| 5 | Total Other comprehensive income | (1,476.00) | (2,477.00) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 27,031.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 9,223.00 | |||||
| Adjustments for decrease (increase) in inventories | 0.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | (5,414.00) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 3.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | (4,103.00) | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | (2,737.00) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (231.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 642.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 5,114.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 243.00 | |||||
| Adjustments for provisions, current | 3,126.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | (176.00) | |||||
| Adjustments for other financial liabilities, non-current | (414.00) | |||||
| Adjustments for unrealised foreign exchange losses gains | 471.00 | |||||
| Adjustments for dividend income | 9,751.00 | |||||
| Adjustments for interest income | 6,112.00 | |||||
| Adjustments for share-based payments | 611.00 | |||||
| Adjustments for fair value losses (gains) | (2,515.00) | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | (12.00) | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (12,032.00) | |||||
| Net cash flows from (used in) operations | 14,999.00 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 6,226.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 8,773.00 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 10.00 | |||||
| Purchase of property, plant and equipment | 144.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 344.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 1,254.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 9,751.00 | |||||
| Interest received | 6,687.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (19,572.00) | |||||
| Net cash flows from (used in) investing activities | (2,358.00) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 56.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 24,282.00 | |||||
| Repayments of borrowings | 999.00 | |||||
| Payments of lease liabilities | 3,599.00 | |||||
| Dividends paid | 9,391.00 | |||||
| Interest paid | 8,064.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (7,614.00) | |||||
| Net cash flows from (used in) financing activities | (5,329.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 1,086.00 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 82.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 1,168.00 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 4,596.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 5,764.00 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | Deloitte Haskins and Sells | Yes | 30-04-2028 | ||
|---|---|---|---|---|---|
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Happiest Minds Technologies Limited | Mr. Ashok Soota | Executive Chairman | Remuneration | Not Applicable | 202.68 | 0.00 | 0.00 | |||||||||||||||||
| 2 | Happiest Minds Technologies Limited | Mr. Ashok Soota | Executive Chairman | Dividend paid | Not Applicable | 1,354.26 | 0.00 | 0.00 | |||||||||||||||||
| 3 | Happiest Minds Technologies Limited | Mr. Venkatraman N | Managing Director and CFO | Remuneration | Not Applicable | 180.76 | 0.00 | 0.00 | |||||||||||||||||
| 4 | Happiest Minds Technologies Limited | Mr. Venkatraman N | Managing Director and CFO | Dividend paid | Not Applicable | 7.01 | 0.00 | 0.00 | |||||||||||||||||
| 5 | Happiest Minds Technologies Limited | Mr.Joseph Vinod Anantharaju | Executive Director | Remuneration | Not Applicable | 298.80 | 0.00 | 0.00 | |||||||||||||||||
| 6 | Happiest Minds Technologies Limited | Mr.Joseph Vinod Anantharaju | Executive Director | Dividend paid | Not Applicable | 10.31 | 0.00 | 0.00 | |||||||||||||||||
| 7 | Happiest Minds Technologies Limited | Mrs. Anita Ramachandran | Non-Executive Independent Director | Any other transaction | Sitting fees | Not Applicable | 7.00 | 20.00 | 18.00 | ||||||||||||||||
| 8 | Happiest Minds Technologies Limited | Mr. Rajendra Kumar Srivastava | Non-Executive Independent Director | Any other transaction | Sitting fees | Not Applicable | 7.00 | 24.00 | 21.00 | ||||||||||||||||
| 9 | Happiest Minds Technologies Limited | Mrs.Shuba Rao Mayya | Non-Executive Independent Director | Any other transaction | Sitting fees | Not Applicable | 7.00 | 21.00 | 20.00 | ||||||||||||||||
| 10 | Happiest Minds Technologies Limited | Mr. Praveen Darshankar | Company Secretary and Compliance Officer | Remuneration | Not Applicable | 39.54 | 0.00 | 0.00 | |||||||||||||||||
| 11 | Happiest Minds Technologies Limited | Mr. Praveen Darshankar | Company Secretary and Compliance Officer | Dividend paid | Not Applicable | 1.22 | 0.00 | 0.00 | |||||||||||||||||
| 12 | Happiest Minds Technologies Limited | Deepak Soota | Promoters Group | Dividend paid | Not Applicable | 0.89 | 0.00 | 0.00 | |||||||||||||||||
| 13 | Happiest Minds Technologies Limited | Kunku Soota | Promoters Group | Dividend paid | Not Applicable | 0.39 | 0.00 | 0.00 | |||||||||||||||||
| 14 | Happiest Minds Technologies Limited | Usha Samuel | Promoters Group | Dividend paid | Not Applicable | 2.04 | 0.00 | 0.00 | |||||||||||||||||
| 15 | Happiest Minds Technologies Limited | Ashok Soota Medical Research LLP | Entity under control of KMP | Dividend paid | Not Applicable | 493.59 | 0.00 | 0.00 | |||||||||||||||||
| 16 | Happiest Minds Technologies Limited | Happiest Minds Technologies Pvt Ltd. Employees Group Gratuity Trust | Other related party | Any other transaction | Contribution made to post employee benefit plan | Not Applicable | 305.14 | 0.00 | 0.00 | ||||||||||||||||
| 17 | Happiest Minds Technologies Limited | Happiest Minds Inc | Wholly Owned Subsidiary | Sale of goods or services | Not Applicable | 1,660.29 | 1,052.94 | 1,730.75 | |||||||||||||||||
| 18 | Happiest Minds Technologies Limited | Skan Research Trust | An Entity set up by the Promoter | Sale of goods or services | 1,105.03 | Approved | 1,105.03 | 744.85 | 868.11 | ||||||||||||||||
| 19 | Happiest Minds Technologies Limited | Ashok Soota Medical Research LLP | Entity under control of KMP | Sale of goods or services | 572.55 | Approved | 572.55 | 67.15 | 606.30 | ||||||||||||||||
| 20 | Happiest Minds Technologies Limited | Happiest Health System Private Limited | A private limited company set up by Promoter | Sale of goods or services | 4,425.73 | Approved | 4,425.73 | 2,459.25 | 5,807.86 | ||||||||||||||||
| 21 | Happiest Minds Technologies Limited | Happiest Minds Inc | Wholly Owned Subsidiary | Interest received | Not Applicable | 3.51 | 0.00 | 0.00 | |||||||||||||||||
| 22 | Happiest Minds Technologies Limited | Happiest Health System Private Limited | A private limited company set up by Promoter | Purchase of goods or services | 63.73 | Approved | 63.73 | 0.00 | 26.16 | ||||||||||||||||
| 23 | Happiest Minds Technologies Limited | Mr. Mittu Sridhara | Non-Executive Independent Director | Any other transaction | Sitting fees | Not Applicable | 7.00 | 22.00 | 27.00 | ||||||||||||||||
| 24 | Happiest Minds Technologies Limited | Mr. Rajiv Shah | Executive Director | Remuneration | Not Applicable | 88.50 | 0.00 | 0.00 | |||||||||||||||||
| 25 | Happiest Minds Technologies Limited | Puresoftware Technologies Private Limited | Wholly Owned Subsidiary | Remuneration | Not Applicable | 350.00 | 0.00 | 1,700.00 | |||||||||||||||||
| 26 | Happiest Minds Technologies Limited | Puresoftware Technologies Private Limited | Wholly Owned Subsidiary | Interest paid | Not Applicable | 351.26 | 0.00 | 380.31 | |||||||||||||||||
| 27 | Happiest Minds Technologies Limited | Puresoftware Technologies Private Limited | Wholly Owned Subsidiary | Sale of goods or services | Not Applicable | 166.70 | 39.59 | 44.61 | |||||||||||||||||
| 28 | Happiest Minds Technologies Limited | Puresoftware Technologies Private Limited | Wholly Owned Subsidiary | Dividend received | Not Applicable | 8,000.00 | 0.00 | 0.00 | |||||||||||||||||
| 29 | Happiest Minds Technologies Limited | Mr. Anand Balakrishnan | Chief Financial Officer | Remuneration | Not Applicable | 69.75 | 0.00 | 0.00 | |||||||||||||||||
| 30 | Happiest Minds Technologies Limited | Mr. Anand Balakrishnan | Chief Financial Officer | Dividend paid | Not Applicable | 0.02 | 0.00 | 0.00 | |||||||||||||||||
| 31 | Happiest Minds Technologies Limited | Mr. Rajiv Shah | Executive Director | Dividend paid | Not Applicable | 3.30 | 0.00 | 0.00 | |||||||||||||||||
| 32 | Happiest Minds Technologies Limited | Veena Soota | Promoters Group | Dividend paid | Not Applicable | 0.22 | 0.00 | 0.00 | |||||||||||||||||
| 33 | Happiest Minds Technologies Limited | Happiest Minds Inc | Wholly Owned Subsidiary | Dividend received | Not Applicable | 1,751.00 | 0.00 | 0.00 | |||||||||||||||||
| 34 | Happiest Minds Technologies Limited | Puresoftware Technologies Private Limited | Wholly Owned Subsidiary | Purchase of goods or services | Not Applicable | 107.06 | 0.00 | 6.39 | |||||||||||||||||
| 35 | Happiest Minds Technologies Limited | Mr.Joseph Vinod Anantharaju | Executive Director | Any other transaction | Share based payment expenses | Not Applicable | 134.79 | 0.00 | 134.79 | ||||||||||||||||
| 36 | Happiest Minds Technologies Limited | Mr. Praveen Darshankar | Company Secretary and Compliance Officer | Any other transaction | Share based payment expenses | Not Applicable | 5.81 | 0.00 | 5.81 | ||||||||||||||||
| 37 | Happiest Minds Technologies Limited | Mr. Venkatraman N | Managing Director and CFO | Any other transaction | Share based payment expenses | Not Applicable | 80.62 | 0.00 | 80.62 | ||||||||||||||||
| Total value of transaction during the reporting period | 21,864.50 | ||||||||||||||||||||||||
| Sr. No. | Particulars | Amount | Remarks |
| 1. | Loans / revolving facilities like cash credit from banks / financial institutions | ||
| A | Total amount outstanding as on date | 1,27,380.00 | |
|---|---|---|---|
| B | Of the total amount outstanding, amount of default as on date | 0.00 | |
| 2. | Unlisted debt securities i.e. NCDs and NCRPS | ||
| A | Total amount outstanding as on date | 8,000.00 | |
| B | Of the total amount outstanding, amount of default as on date | 0.00 | |
| 3. | Total financial indebtedness of the listed entity including short-term and long-term debt | 1,35,380.00 | |