CA Magnum Holdings has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
CA Magnum Holdings, a promoter-group entity of Hexaware Technologies, has filed its annual declaration under SEBI Takeover Regulations confirming that neither it nor any person acting in concert has created any encumbrance (pledge, lien, or charge) on Hexaware shares during the financial year ended March 31, 2025. The company also clarified that a 2021 indenture related to Senior Secured Notes due 2026 involved a pledge on CA Magnum Holdings' own shares held by its parent CA Silkie Investments, but explicitly stated there is no pledge on Hexaware shares. CA Magnum Holdings is a key promoter entity in the recently listed Hexaware, which completed its IPO in February 2025.
This is a routine annual compliance filing that reassures shareholders no promoter-level pledge has been created on Hexaware stock, reducing any immediate risk of forced selling or margin pressure on promoter holdings. The clarification also separates an indirect, parent-level encumbrance from any direct claim on Hexaware shares, which is neutral to mildly positive for stock sentiment.