Happiest Minds Technologies Limited — JV/Acquisition, 29-07-2025: Amalgamation/Merger

Happiest Minds Technologies is merging its wholly-owned subsidiary, Aureustech Systems, into the parent company. This aims to simplify management, cut costs, boost integration, and strengthen financial position through resource pooling and operational synergies. Aureustech has a paid-up capital of ₹0.10 Cr and turnover of ₹10.38 Cr (as of June 30, 2025). Happiest Minds reports a paid-up capital of ₹30.45 Cr and turnover of ₹4,0241 Lakhs. Since Aureustech is a wholly-owned subsidiary, no new shares will be issued, ensuring no change in Happiest Minds' shareholding. The merger awaits statutory approvals.