Hexaware Subsidiaries Softcrylic Merger into Hexaware Inc

Hexaware received approval for merger of US subsidiary Softcrylic LLC into Hexaware Technologies Inc effective May 1, 2026.
The merger involves two IT consulting subsidiaries with combined FY2025 revenue of approximately $620.78 million.
Transaction is structured as share exchange with 1,954 new shares issued to parent company Hexaware Technologies Limited.
Rationale cited includes common control and complementary technology-enabled service areas for operational streamlining.