Hexaware Technologies Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
Hexaware's board approved allotment of 53,144 equity shares (face value Rs. 1 each) to identified employees under the Hexaware Employees Stock Option Plan 2015. Separately, the board cleared an investment of up to USD 50 million in its wholly owned US subsidiary, Hexaware Technologies Inc, to be made in one or more tranches by end of December 2026. The US subsidiary contributed ₹47,659 Mn in turnover in FY24, up from ₹36,448 Mn in FY22. The investment will be in cash, either as equity or other instruments, and the transaction is at arm's length with no promoter interest involved.
The ESOP allotment is routine and only a tiny dilution. The USD 50 million infusion into the US subsidiary signals continued investment in the core IT/ITES business and supports future growth, but is a moderate capital deployment unlikely to move the stock sharply.