Hexaware Technologies Limited has informed the Exchange about allotment of shares under ESOP
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Hexaware Technologies' board, at its June 30, 2025 meeting, approved the allotment of 53,144 equity shares (face value Rs. 1 each) to identified employees under the Hexaware Employees Stock Option Plan 2015, resulting in a marginal equity dilution. Separately, the board cleared an investment of up to USD 50 million (approximately Rs. 425+ crore) in its wholly owned US subsidiary, Hexaware Technologies Inc, to be deployed in one or more tranches by end of December 2026 in cash. The US subsidiary, incorporated in 1994, reported turnover of Rs. 47,659 million in FY24, up from Rs. 39,469 million in FY23 and Rs. 36,448 million in FY22, showing strong growth. The investment aims to further the subsidiary's business activities and will not change the 100% ownership structure.
The ESOP allotment is routine and minor, with negligible dilution. The USD 50 million investment signals continued capital infusion into the high-growth US operations (which contribute the bulk of Hexaware's revenue), which is positive for long-term business expansion but ties up additional capital without immediate returns.