Board approves merger of two wholly owned subsidiaries into Hexaware

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.4%Reaction day

₹757.35

prior close

₹760.35

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%+3.3% vs market

Computers - Software & Consulting peers, median of 67sector+0.4%+4.0% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Midcap 150 and 4.0 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 67Pending

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AI summary

Hexaware board approved merger of two wholly owned subsidiaries Softcrylic Technology Solutions India (9M FY26 turnover Rs 38 Cr, net worth Rs 13 Cr) and Mobiquity Softech (turnover Rs 115 Cr, net worth Rs 87 Cr) into Hexaware via merger by absorption under Sections 230-232 of Companies Act, 2013. No cash consideration or share swap since both are wholly owned. No change in shareholding pattern. Scheme awaits NCLT/Central Government approval. Also reconstituted Nomination and Remuneration Committee.

Likely market impact

Simplifies group structure by absorbing two wholly owned subsidiaries. No impact on shareholding or capital. Awaits NCLT approval before becoming effective.