Hexaware Technologies Limited has informed the Exchange regarding Change in Director(s) of the company.

Kmp ResignedManagement Changes View source PDF

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+3.0%1-day move

₹445.50

prior close

₹446.00

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After-mkt

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AI summary

Hexaware Technologies announced that Mr. Milind Sarwate, Independent Director, will cease to be a Director effective April 24, 2026, upon completion of his second consecutive term. Mr. Alok Chandra Misra was appointed as Independent Director effective February 23, 2026, as his successor. Mr. Sarwate was Chairman of the Audit Committee, Nomination and Remuneration Committee, and ESG Committee, and a member of the Risk Management and Cybersecurity Committees. The Board has reconstituted these committees, with Mr. Misra taking over as Chairman of the Audit Committee and ESG Committee, while Ms. Sukanya Kripalu becomes Chairperson of the Nomination and Remuneration Committee.

Likely market impact

This is a routine board transition due to completion of term limits for an Independent Director. No governance concerns or sudden departures are indicated. The stock is unlikely to be materially impacted as the succession was planned and smoothly executed.