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Happiest Minds Technologies Limited Capital/Financing Update 2023

Sep 26, 2023

61298_rns_2023-09-26_9b9279dd-b9b2-49de-bc9b-5a171073c33e.pdf

Capital/Financing Update

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Happiest Minds Technologies Limited Regd. Office: #53/1-4, Hosur Main Road, Madivala, Bengaluru-560068, Karnataka, India CIN of the Co. L72900KA2011PLC057931 P: +91 80 6196 0300, F: +91 80 6196 0700 Website: www.happiestminds.com Email: [email protected]

September 26, 2023

Listing Compliance & Legal Regulatory BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001 Stock Code: 543227, 974728 & 974820

Listing & Compliance National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra East, Mumbai 400 051 Stock Code: HAPPSTMNDS

Dear Sir/Madam,

Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR”).

Ref: Intimation with respect to allotment of 3,500 rated, listed, negotiable, unsecured, redeemable nonconvertible debentures aggregating to INR 35,00,00,000 (Indian Rupees Thirty-Five Crores Only) (“Debentures”)

With reference to earlier letter dated March 02, 2023, we would like to inform you that the Board of Directors of the Company at its meeting held on Tuesday, September 26, 2023, has inter alia considered and approved the allotment of the Debentures for raising funds to be utilized towards the general corporate purposes of the Company.

The relevant details pertaining to the Debentures are as below:

SECURITY NAME Reset Rate Unsecured Rated Listed Redeemable Non-ConvertibleDebentures(INE419U08033)
ISSUER NAME Happiest Minds Technologies Limited
MODE OF ISSUE Private Placement
DATE OF ALLOTMENT September 26,2023
NUMBER OF DEBENTURES ISSUED 3,500(Three Thousand Five Hundred)
ISSUE SIZE INR 35,00,00,000(Indian Rupees Thirty-Five Crores Only)

Meeting commenced at 11.00 A.M. and concluded at 11.05 A.M.

Thanking you, Yours faithfully,

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For Happiest Minds Technologies Limited Digitally signed by DARSHANKAR DARSHANKAR PRAVEEN KUMAR PRAVEEN KUMAR Date: 2023.09.26 11:08:15 +05'30' Praveen Kumar Darshankar Company Secretary & Compliance Officer Membership No. F6706