Hexaware discloses update on legal proceedings against European client, noting commencement of client's insolvency in Germany and US.
Client secured US recognition of German insolvency proceedings to protect against litigations, including Hexaware's complaint in New York.
Company states no additional financial impact as adequate provision was already made in prior year financial statements.
Disclosure made under SEBI LODR Regulation 30, with update received from lawyers on May 08, 2026.