Happiest Minds Technologies Limited — Others, 13-05-2025: Monitoring Agency Report

Happiest Minds Technologies has announced a Monitoring Agency Report confirming full utilization of the Rs. 500 Cr raised via QIP. Funds were allocated mainly to subsidiaries (Rs. 25 Cr as debt), working capital (Rs. 300 Cr), inorganic growth (Rs. 50 Cr), and general corporate purposes (Rs. 111 Cr). The company adhered to its planned timelines without any deviations or delays, and no unutilized funds remained at quarter-end. This disciplined capital deployment supports ongoing growth and operational plans, reflecting effective financial management.