Hexaware Technologies Limited has informed the Exchange about General Updates

Hexaware Technologies received a favorable order from the Appellate Authority under the Tamil Nadu GST/CGST Act, 2017, setting aside an earlier tax demand. The original order involved a total demand of INR 15.13 crore, which included a penalty of INR 1.32 crore plus applicable interest, for FY2020-21. The demand was related to an alleged non-payment of tax on non-realization of export proceeds within the required timeline. Following the company's appeal, the entire demand including interest and penalty has been reduced to NIL. The company states there is no impact on its financials or operations due to this order.