Financial Results for the quarter ended June 30, 2026

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: investors@happiestminds.com July 27, 2026 Listing Compliance & Legal Regulatory Listing & Compliance BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai 400 001 Bandra East, Mumbai 400 051 Stock Code: 543227 & 975101 Stock Code: HAPPSTMNDS Dear Sir/Madam, Sub: Outcome of the Board Meeting held on July 27, 2026 We wish to inform that the Board of Directors of the Company at its meeting held today i.e., July 27, 2026, approved the unaudited financial statements of the Company (both standalone and consolidated) prepared in accordance with Indian Accounting Standards (IndAS) for the quarter ended as on June 30, 2026. The copies of the financial results together with Auditor’s review report (with UDIN), presentation to Investors and press release covering the results for the quarter ended as on June 30, 2026, and disclosure of security cover of NCD for the said quarter are enclosed below. The Board meeting commenced at 6.00 pm and concluded at 6.30 pm. This is for your information and records. Thanking you, Yours faithfully, For Happiest Minds Technologies Limited Praveen Kumar Darshankar Company Secretary & Compliance Officer Membership No. F6706 Happiest Minds Technologies Limited CIN : L72900KA2011PLC057931 Regd. Office:#53/1-4, Hosur Main Road, Madivala (next to Madivala Police Station) Bangalore 560 068, Karnataka, India Website: www.happiestminds.com , Email: Investors@happiestminds.com , Tel: +91 80 6196 0300 (Rs. in lakhs) Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2026 Quarter ended Year ended Particulars June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 (Unaudited) Refer Note 2 (Unaudited) Audited I.Revenue (a)Revenue from operations 6 2,851 6 0,408 5 4,990 2 ,31,511 (b)Other income 2 ,369 1 ,761 3 ,003 8 ,497 Total revenue 6 5,220 6 2,169 5 7,993 2 ,40,008 II.Expenses (a)Employee benefits expense 4 1,090 4 0,444 3 7,545 1 ,56,095 (b)Finance costs 2 ,846 2 ,261 2 ,482 9 ,736 (c)Depreciation and amortisation expense 2 ,263 2 ,156 2 ,236 8 ,819 (d)Other expenses 1 0,001 9 ,604 8 ,043 3 5,078 Total expenses 5 6,200 5 4,465 5 0,306 2 ,09,728 III.Profit before exceptional items and tax (I-II) 9 ,020 7 ,704 7 ,687 3 0,280 IV.Exceptional items: charge / (credit) (refer note 5,6 & 7) - (344) - 1 ,859 V.Profit before tax (III-IV) 9 ,020 8 ,048 7 ,687 2 8,421 VI.Tax expense Current tax 2 ,391 1 ,644 2 ,184 7 ,952 Deferred tax ( 131) 2 87 ( 210) ( 793) Total Tax expense 2 ,260 1 ,931 1 ,974 7 ,159 VII.Profit for the period / year (V-VI) 6 ,760 6 ,117 5 ,713 2 1,262 VIII.Other comprehensive income, net of tax [(loss)/profit] (i)Items to be reclassified to profit or loss in subsequent periods / year a)Exchange difference on translation of foreign operation ( 63) 7 56 ( 23) 1 ,444 b)Net change in fair value of derivatives designated as cash flow hedges 1 ,623 (2,201) 1 27 ( 3,886) c)Income tax effect on item (b) above ( 409) 5 54 ( 32) 9 78 (ii)Items not to be reclassified to profit or loss in subsequent periods / year a)Re-measurement of defined benefit plans 5 74 1 05 7 5 63 b)Income tax effect on item (a) above (144) (27) (2) (142) IX.Total comprehensive income for the period / year (VII+VIII) 8 ,341 5 ,304 5 ,790 2 0,219 X.Paid-up equity share capital (Rs. 2/- each) 3 ,008 3 ,005 3 ,003 3 ,005 XI.Other equity 1 ,65,944 XII.Earnings per share ("EPS") (of Rs. 2/- each) (not annualised for quarters): Basic EPS (Rs.) 4 .49 4 .06 3 .79 1 4.12 Diluted EPS (Rs.) 4 .48 4 .06 3 .79 1 4.11 Happiest Minds Technologies Limited CIN : L72900KA2011PLC057931 Regd. Office:#53/1-4, Hosur Main Road, Madivala (next to Madivala Police Station) Bangalore 560 068, Karnataka, India Website: www.happiestminds.com , Email: Investors@happiestminds.com , Tel: +91 80 6196 0300 Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Sr. No Particulars Quarter ended Year ended June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 1 Debt-Equity ratio 0 .93 0 .88 0 .78 0 .88 2 Debt Service Coverage ratio (DSCR) 5 .47 5 .19 5 .32 5 .26 3 Interest Service Coverage ratio (ISCR) 4 .17 4 .61 4 .24 4 .26 4 Current ratio 1 .66 1 .48 1 .64 1 .48 5 Long-term Debt to Working Capital ratio 0 .38 0 .55 0 .43 0 .55 6 Bad debts to Trade receivable ratio - 0 .04 - 0 .04 7 Current liability ratio 0 .70 0 .72 0 .71 0 .72 8 Total Debt to total Assets ratio 0 .43 0 .41 0 .38 0 .41 9 Trade Receivable Turnover Ratio 6 .56 6 .59 6 .29 6 .19 10 Operating margin (%) 0 .19 0 .17 0 .17 0 .17 11 Net profit margin (%) 0 .11 0 .10 0 .10 0 .09 12 Inventory turnover ratio NA NA NA NA 13 Debenture Redemption Reserve NA NA NA NA Net worth as per Section 2(57) of the Companies Act, 2013 14 1,77,662 1,70,443 1,63,827 1,70,443 ( in INR Lakhs) Formulae for computation of ratios are as follows: Sr. No. Particulars Formulae Total Debt (including Lease liabilities) 1 Debt-Equity ratio Shareholder’s Equity Profit after tax + Finance cost + Non cash operating expense 2 Debt Service Coverage ratio (DSCR) Interest on Long-term borrowings + Principal Repayments of Long-term borrowings+ Lease Payments Profit before interest, tax and exceptional items 3 Interest Service Coverage ratio (ISCR) Interest expense Current assets 4 Current ratio Current liabilities Long term borrowings (Including current maturities of long term borrowings) 5 Long-term Debt to Working Capital ratio Current assets (-) Current liabilities [excluding current maturities of long term] Bad debts 6 Bad debts to Trade receivable ratio Average Trade receivables Current liabilities 7 Current Liability ratio Total liabilities Total Debt (including lease liabilities) 8 Total Debt to total Assets ratio Total Assets Net revenue (Annualised) 9 Trade Receivable Turnover Ratio Average Trade receivables Profit before depreciation, finance cost, tax and exceptional items (-) Other income 10 Operating margin (%) Revenue from operations Net profit after tax 11 Net profit margin (%) Revenue from operations 12 Inventory turnover ratio Not applicable 13 Debenture Redemption Reserve Not applicable Aggregate value of the paid-up share capital + all reserves created out of the profits+ securities premium account -aggregate value of the accumulated Net worth as per Section 2(57) of the Companies Act, 2013 14 losses- ( in INR Lakhs) deferred expenditure- miscellaneous expenditure not written off - revaluation reserve - write-back of depreciation - amalgamation reserve Happiest Minds Technologies Limited CIN : L72900KA2011PLC057931 Regd. Office:#53/1-4, Hosur Main Road, Madivala (next to Madivala Police Station) Bangalore 560 068, Karnataka, India Website: www.happiestminds.com , Email: Investors@happiestminds.com , Tel: +91 80 6196 0300 Notes to Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2026 1.IntermsofRegulation33and52oftheSEBI(ListingObligationsandDisclosureRequirements)Regulations2015,thisStatementofUnauditedConsolidatedFinancialResultsforthequarterended June30,2026("ConsolidatedFinancialResults")ofHappiestMindsTechnologiesLimited(the“HoldingCompany”orthe"Company")anditssubsidiaries(togetherreferredtoas“theGroup”)hasbeen approved by the Board of Directors at their meeting held on July 27, 2026. 2.ThefiguresforthequarterendedMarch31,2026arebalancingfiguresbetweenauditedfiguresinrespectoffullfinancialyearuptoMarch31,2026andthepublishedyear-to-datefigureuptoDecember 31,2025beingthedateoftheendofthethirdquarterofthefinancialyear.Thepublishedyear-to-dateresultsuptoDecember31,2025wassubjectedtoalimitedreviewbytheStatutoryAuditorsofthe Company. 3.TheUnauditedConsolidatedFinancialResultsoftheGrouphavebeenpr [Showing first 8,000 characters — download PDF for full document]