Financial Results Approval

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended September 30, 2026. The limited review reports from statutory auditors B S R & Co. LLP are included.

Consolidated Financial Highlights (INR millions):

  • Q3 CY26 Revenue: ₹39,331 million (up 2.3% QoQ, 12.9% YoY)
  • Q3 CY26 Profit Before Tax: ₹5,434 million
  • Q3 CY26 Profit After Tax: ₹4,294 million (up 30.0% QoQ, 16.1% YoY)
  • Basic EPS: ₹7.06 (up 30.5% QoQ, 15.9% YoY)
  • Nine-month Revenue: ₹113,913 million
  • Nine-month Profit After Tax: ₹11,112 million

Standalone Financial Highlights (INR millions):

  • Q3 CY26 Revenue: ₹21,741 million
  • Q3 CY26 Profit After Tax: ₹2,018 million
  • Basic EPS: ₹3.31
  • Nine-month Revenue: ₹62,377 million
  • Nine-month Profit After Tax: ₹6,156 million

Key Financial Notes:

  • Recognized net gain on remeasurement of contingent consideration of ₹1,663 million in Q3 CY26
  • Provided for impairment loss of ₹556 million on customer relations from acquisitions
  • Restructuring provision of ₹647 million for Netherlands operations (severance cost ₹603 million, legal fees ₹44 million)
  • Employee benefit expense includes ₹163 million provision for CEO separation cost
  • Declared 2nd interim dividend of ₹9.50 per equity share on October 20, 2026

Board Composition Changes

Appointments:

  • Mr. Arjun Shah (DIN: 12007913) appointed as Additional Director (Non-Executive Non-Independent) effective October 29, 2026, subject to shareholder approval
  • Mr. Gregory Michael Zeluck (DIN: 00682118) appointed as Additional Director (Non-Executive Non-Independent) effective October 29, 2026, subject to shareholder approval

Resignations:

  • Mr. Neeraj Bharadwaj (DIN: 01314963) resigned as Non-Executive Non-Independent Director effective October 28, 2026
  • Mr. Julius Genachowski (DIN: 09365873) resigned as Non-Executive Non-Independent Director effective October 28, 2026

Corporate Restructuring Actions

Slump Sale Approval:

Board approved slump sale of Tech SMC Square India Private Limited from Hexaware Technologies Inc, USA to Tech SMC Squared (GCC) India Private Limited (all wholly owned subsidiaries).

  • Tech SMC Square India FY25 turnover: ₹69.5 million (0.05% of consolidated turnover)
  • Tech SMC Square India FY25 net worth: ₹55.10 million (0.09% of consolidated net worth)
  • Expected completion date: on or before June 30, 2027

Merger Approvals:

  • Merger of Identity and Access Solutions Canada Inc. into Hexaware Technologies Canada Limited
  • Merger of IT Glitterz LLC, USA into Hexaware Technologies Inc, USA

Subsidiary Actions:

  • Approved incorporation of wholly owned subsidiary in Mauritius with initial investment up to USD 1 million
  • Approved voluntary liquidation/wind down of Mobiquity BV, Netherlands (step-down subsidiary)
  • Mobiquity BV FY25 turnover: ₹1,746 million (1.3% of consolidated turnover)
  • Mobiquity BV FY25 net worth: ₹-311 million (-0.5% of consolidated net worth)

Management Changes

CEO Transition:

  • Mr. R Srikrishna ceased as CEO & Executive Director effective close of business hours on October 28, 2026
  • Mr. Vivek Jetley appointed as CEO effective October 28, 2026

Senior Management Resignation:

  • Mr. Girish Pai, Executive Vice President and Global Head - Data, resigned effective November 13, 2026

Committee Reconstituion

Board approved reconstitution of following committees:

  • Stakeholders Relationship Committee
  • Corporate Social Responsibility Committee
  • Environmental, Social and Governance Committee

Share Allotment

Board approved allotment of 1,300,000 equity shares (face value ₹1 each) at issue price of ₹382.5 per share to Hexaware Employees Benefit Trust for ESOP plan 2024.

Additional Information

  • Meeting commenced at 5:32 PM IST and concluded at 7:46 PM IST on October 28, 2026
  • Earnings conference call scheduled for October 29, 2026, at 8:00 AM IST