Communication to Shareholders- 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 29, 2026 Listing Compliance & Legal Regulatory Listing & Compliance BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Dalal Exchange Plaza, Bandra Kurla Complex Street, Mumbai 400001 Bandra East, Mumbai 400 051 Stock Code: 543227 & 975101 Stock Code: HAPPSTMNDS Dear Sir/Madam, Sub: Communication to Shareholders – Financial Results for the quarter ended June 30, 2026 With reference to our letter dated July 27, 2026, please find enclosed herewith an email communication dated July 29, 2026, pertaining to key highlights of the Company's performance for the quarter ended June 30, 2026, which has been sent to all the shareholders whose Email IDs are registered with the Company/Depositories. 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 Dear Shareholders, Greetings from Happiest Minds Technologies Limited The Board of Directors of the Company at their meeting held on July 27, 2026, has approved the unaudited financial statements of the Company for the quarter ended as on June 30, 2026. Please find the shareholder’s report on the financial results and related matters attached herewith. For further details, you can visit the Company’s website https://www.happiestminds.com/investors/ Thanking you, Yours faithfully, Praveen Kumar Darshankar Company Secretary & Compliance Officer Happiest Minds Technologies Limited Dear Stakeholder, We are pleased to share that Happiest Minds has started FY27 on a strong note, delivering another quarter of profitable growth despite a selective demand environment. Our performance reflects disciplined execution, the resilience of our digital-first business model and the growing relevance of our AI-led capabilities. During Q1 FY27, your Company reported operating revenue of ₹629 crore, representing 14.3% year-on- year and 4.0% sequential growth in rupee terms. In constant currency, revenue grew 6.7% year-on- year and 2.6% sequentially. Operating margins remained healthy at 17.5%, reflecting disciplined execution despite certain one-time provisions and adverse foreign exchange movements during the quarter. Adjusted PAT increased 14.7% year-on-year to ₹80.5 crore and Adjusted EPS grew 17.1% to ₹5.34. Our balance sheet remains a key strength, with cash and cash equivalents of ₹1,743 crore, providing the flexibility to invest in AI capabilities, strategic acquisitions and long-term growth. During the quarter, ROCE improved to 23.9% and ROE to 15.5%, reflecting disciplined capital allocation. Operationally, we ended the quarter with 306 active customers, while the number of billion-dollar corporations we serve increased to 92, contributing 58.7% of our revenues. Repeat business remained strong at 94.4%, and DSO improved to 92 days, demonstrating the strength of our customer relationships and disciplined execution. Our people remain our greatest strength. We ended the quarter with 6,532 Happiest Minds, while voluntary attrition improved to 15.4%, reflecting our continued focus on building a stable and future-ready workforce. We thank you for your continued trust and support. For any questions, please reach out to IR@happiestminds.com. Thank you. Yours faithfully, Venkatraman Narayanan Managing Director All amounts in ₹ Lakhs unless stated otherwise Key Financial Highlights Quarter ended June 30, 2026  Revenue in INR terms ₹ 62,851 lakhs growing 4.0% q-o-q and 14.3% y-o-y  Revenue in constant currency grew 2.6% q-o-q and 6.7% y-o-y  Operating Revenues in US $ stood at $66.2 million, growing 1.7% q-o-q and 2.9% y-o-y  Total Income of ₹ 65,220 lakhs growing 4.9% q-o-q and 12.5% y-o-y  Operating Margins 10,868 lakhs growing 2.3% q-o-q and 11.8% y-o-y  Adjusted PAT of ₹ 8,052 Lakhs and Adjusted EPS at ₹ 5.34 Clients Our People – Happiest Minds 306 6532 Happiest Minds as of June 30, 2026 as of June 30, 2026 6 additions in the quarter Trailing 12-month attrition of 15.4% (17.0% in the previous quarter) Utilization of 81%, from 82% in last quarter Q1 Key Wins For a N. American energy infrastructure company, Happiest Minds has been selected as For an Australian Insurance provider, Happiest the strategic Data & AI partner to take over Minds is building their AI-powered, platform- production support across data platforms, data driven test automation platform pipelines, and the Power BI/reporting estate For an Indian MNC CPG company, Happiest For a N. American wireless services provider, Minds is helping them transition to a more Happiest Minds is leveraging AI led ELLIPSE scalable, flexible, and experience-led commerce platform to deliver Managed Infrastructure platform, while also laying the foundation for services broader digital ecosystem enhancements including Commerce, PIM, DAM, CMS, and UX For a N. American solutions provider, Happiest For a Middle Eastern retailer, Happiest Minds Minds is delivering Managed Infrastructure has secured a multi-year, multi-million-dollar services Managed Security Services deal For a global technical consulting company, Happiest Minds is building their Salesforce based Award Wins  Ashok Soota is among AIM 100: India's Most Influential People Shaping AI in 2026  Preeti Menon is among AIM: The Top 24 Women Enterprise AI Leaders in India Analyst Mentions  Happiest Minds received recognitions in ISG’s Digital Engineering Services (Midsize) 2026  Product Challenger in Augmented Design and R&D Services & Integrated Platform and Application Services (US Region)  Contender in Intelligent Operations and Connected Experiences (US Region)  Product Challenger in Augmented Design and R&D Services, Intelligent Operations and Connected Experiences & Integrated Platform and Application Services (Europe Region)  Happiest Minds is among Everest Group’s Top 50™ Store Services Providers 2026 List  Happiest Minds is among Disruptors in Avasant’s Higher Education Digital Services 2026 RadarView™  Happiest Minds is among Challenger in Avasant’s High-Tech Digital Services 2026 RadarView™  Happiest Minds is among Challenger in Avasant’s Banking Digital Services 2026 RadarView™  Happiest Minds is among Challenger in Avasant’s Manufacturing Digital Services 2026 RadarView™ Extract of the Unaudited Consolidated Financial Results for the quarter ended June 30, 2026