Happiest Minds Technologies Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Happiest Minds Technologies announced that the Board of Directors of the Company at its meeting held on 28 May 2026, inter alia, have recommended the final dividend of Rs 3.65 per equity Share (i.e. 182.5%) , subject to the approval of the shareholders.

Happiest Minds Technologies will hold a meeting of the Board of Directors of the Company on 28 May 2026.

The stake sale is said to be from founder and chairman Ashok Soota, who holds around 44% in the company.

According to reports, the promoter holding is valued at around Rs 2,500 crore. Discussions are said to be at an early stage, with one of the Big Four firms conducting commercial due diligence, and a report expected to be shared with potential bidders in the coming weeks.

However, any potential transaction will depend on valuation negotiations and may take time to materialise. Neither the company nor the interested parties have officially confirmed the development.

The move comes amid expectations of consolidation in the mid-tier IT services space as companies navigate industry headwinds and explore strategic growth opportunities.

Earlier this month, the company revised its FY27 revenue growth guidance to 12.5% from 10%, citing strong traction from its AI First strategy and rising adoption of generative AI-led offerings.

Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights.

The company has reported 25.4% fall in consolidated net profit to Rs 40.30 crore despite a 2.4% increase in revenues to Rs 587.56 crore in Q3 FY26 over Q2 FY26.

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The stock has jumped 31.98% in three straight sessions, with most gains coming after the the company raised its FY27 growth projection to 12.5% up from earlier estimate of 10%, supported by its Artificial Intelligence (AI) ?led initiatives and robust demand across sectors.

On February 10, 2026, the company launched AI First, its 11th Strategic Initiative. This initiative represents not merely an addition to the existing framework, but a strategic elevation: AI First reorients the company's entire operating model, service delivery architecture, client engagement and value-creation mechanism.

At the time of the AI First launch, the company communicated that it was witnessing rapid acceptance of its initiatives across the client base. Acknowledging the pace of change the company had indicated it would undertake an evaluation of client feedback, pipeline metrics, market opportunities, and the expanded scope of its AI First offerings and providing an updated growth outlook.

Following this review, the company has revised its FY27 growth guidance upward to 12.5%. In exchange filing, the company said that it also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15% growth.

Ashok Soota, chairman & chief mentor, Happiest Minds, said, Happiest Minds is witnessing an accelerated growth driven by AI and other strategic initiatives. We are leading from the front with our AI-First strategy, which is already delivering measurable results and driving client transformations at scale. With this momentum, we are strongly positioned for sustained leadership in the AI-driven future of IT services

Joseph Anantharaju, co-chairman & CEO, Happiest Minds, said, ?We are witnessing all-round growth led by rapid acceleration in financial services, healthcare, hi-tech, and manufacturing by robust adoption of AI. The enhanced pipeline and strong business momentum we are experiencing validates our AI First strategy and reinforces our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory.?

Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights.

The company has reported 25.4% fall in consolidated net profit to Rs 40.30 crore despite a 2.4% increase in revenues to Rs 587.56 crore in Q3 FY26 as compared with Q2 FY26.

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