Hexaware Technologies Completes Merger of Softcrylic LLC into Hexaware Technologies Inc, Effective May 01, 2026

Hexaware Technologies Limited has announced the merger of its wholly owned subsidiary Softcrylic LLC, USA (Transferor Company) into another wholly owned subsidiary, Hexaware Technologies Inc (Transferee Company), effective May 01, 2026. The company received approval for the merger from the New Jersey Division of Revenue, and the development was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Entities Involved in the Merger

Both companies are engaged in the same line of business — information technology consulting, software and development, and business process services. The following table summarises key details of the entities involved:

Parameter: Details Transferor Company: Softcrylic LLC, USA Transferee Company: Hexaware Technologies Inc, USA Transferor Turnover (FY ended Dec 31, 2025): USD 29.026472 Mn (Revenue from Operations) Transferee Turnover (FY ended Dec 31, 2025): USD 591.757394 Mn (Revenue from Operations) Business Area: Information technology consulting, software and development, business process services Effective Date: May 01, 2026

Rationale for the Merger

The Transferor Company and the Transferee Company are under the same control and management and are engaged in complementary areas of technology-enabled services. The proposed merger is stated to be beneficial to both companies, their respective shareholders and creditors, employees, and other stakeholders.

Transaction Structure and Consideration

The merger is classified as a related party transaction conducted at arm's length. No cash consideration is involved in the transaction. The share exchange structure is as follows:

One equity share of Hexaware Technologies Inc shall be issued to Hexaware Technologies Limited in exchange for 5,314 membership interests of Softcrylic LLC.

1,954 new shares shall be issued to Hexaware Technologies Limited by Hexaware Technologies Inc, USA.

There is no change in the shareholding pattern of the listed entity as a result of this merger.

Regulatory Disclosure

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The information has also been made available on the company's website at www.hexaware.com . The disclosure was signed by Gunjan Methi, Company Secretary, on May 05, 2026.

Hexaware Technologies has announced the grant of 1,93,700 employee stock options under the Hexaware Employees Stock Option Plan 2024. The Nomination and Remuneration Committee of the Board approved the grant during a meeting held on April 29, 2026, which commenced at 7.02 P.M. and concluded at 7.35 P.M.

The company filed the intimation with stock exchanges under Regulation 30 of SEBI Listing Regulations, providing comprehensive details about the grant to eligible employees.

Key Details of the Grant

The options have been granted to eligible employees of the company under a scheme that complies with SEBI (SBEB) Regulations, 2021. Each option entitles the holder to acquire one equity share of INR 1 upon exercise. The exercise price has been fixed at INR 382.5 per share.

Particulars Details Total Options Granted 1,93,700 Exercise Price INR 382.5 per share Face Value of Shares INR 1 each Total Shares on Full Exercise 1,93,700 Equity Shares SEBI (SBEB) Compliant Yes

Regulatory Compliance and Documentation

The grant was communicated to both National Stock Exchange of India Limited and BSE Limited through official filing reference HEXT/SE/2026/40. The filing includes detailed annexure as per SEBI Master Circular requirements, ensuring full regulatory compliance.

Vesting and Exercise Terms

The granted options will vest as per the vesting schedule specified under the Plan. Once vested, option holders can acquire an equal number of equity shares upon payment of the exercise price and applicable taxes in accordance with the terms and conditions of the Plan. The Hexaware Employees Stock Option Plan 2024 is administered by the Nomination and Remuneration Committee of the Board, with grants based on eligibility criteria mentioned in the Plan.

The company has stated that this intimation pertains specifically to the grant of options, and therefore details regarding options exercised, money realized, options lapsed, and diluted earnings per share are not applicable at this stage. The information is available on the company's website at www.hexaware.com .

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.