Hexaware Technologies Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
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Awaiting price reaction for this filing.
Hexaware clarified a news report that suggested employees siphoned off Rs 4.83 crore from the company. The company stated this is inaccurate. In its BPO business, while handling refund services for an e-commerce client, seven employees carried out unauthorized and fraudulent refund transactions totalling Rs 4.83 crore. These actions had no financial impact on Hexaware. The company has already terminated these seven employees and filed an FIR against them on April 5, 2025. Business operations are continuing as usual.
The clarification removes uncertainty for investors by confirming that Hexaware itself suffered no financial loss. With employees terminated and an FIR filed, the matter is being treated as an internal disciplinary issue, and is unlikely to materially affect the company's financials or operations.