Hexaware Technologies544362Leadership appointment or
Board approves Sep-quarter results, CEO change, director reshuffle, 13 lakh share allotment
Vivek Jetley appointed CEO w.e.f. October 28, 2026; R Srikrishna ceases as CEO and Executive Director.
By ScoutQuest · · 3 min read
- Consolidated revenue from operations (Q2)
- Rs. 39,331 million for the quarter
- Profit for the period (Q2)
- Rs. 4,294 million
- Shares allotted to Employees Benefit Trust
- 13 lakh equity shares of face value Rs.1 each at an issue price of Rs.382.5
Results approved
- The Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended September 30, 2026.
- Consolidated revenue from operations was Rs. 39,331 million for the quarter and Rs. 113,913 million for the nine months.
- Profit for the period was Rs. 4,294 million for the quarter and Rs. 11,112 million for the nine months.
- A Limited Review Report from the statutory auditors is enclosed with the results, and the results will also be published with a QR code and hosted on the company's investor page.
Change at the top
- Vivek Jetley has been appointed CEO of the company with effect from October 28, 2026.
- R Srikrishna ceases to be CEO and Executive Director with effect from close of business hours on October 28, 2026.
- Both were intimated to the exchanges earlier, on September 02, 2026, so the effective dates now take the changes to completion.
Board reshuffle
- Arjun Shah has been appointed Additional Director in the capacity of Non-Executive Non-Independent Director with effect from October 29, 2026, subject to approval of the shareholders.
- Gregory Michael Zeluck has been appointed on the same capacity and the same effective date, also subject to shareholder approval.
- Neeraj Bharadwaj tendered his resignation as Non-Executive Non-Independent Director with effect from close of business hours on October 28, 2026, due to other commitments and responsibilities; he also ceases to be a member of the Stakeholders Relationship Committee, Corporate Social Responsibility Committee and Environmental, Social and Governance Committee.
- Julius Genachowski also resigned as Non-Executive Non-Independent Director with effect from close of business hours on October 28, 2026, for other commitments and responsibilities, and ceases to be a member of the Corporate Social Responsibility Committee.
- Following these changes, the Board approved re-constitution of the Stakeholders Relationship Committee, the Corporate Social Responsibility Committee and the Environmental, Social and Governance Committee.
Senior management
- Girish Pai, Executive Vice President and Global Head - Data, has tendered his resignation effective from the close of business hours on November 13, 2026, to pursue other career opportunities.
Group simplification
- The Board approved a slump sale of Tech SMC Square India Private Limited from Hexaware Technologies Inc, USA to Tech SMC Squared (GCC) India Private Limited, all being wholly owned subsidiaries or step down wholly owned subsidiary of the company, pursuant to entity rationalisation.
- It also approved merger of Identity and Access Solutions Canada Inc., a step down wholly owned subsidiary, into Hexaware Technologies Canada Limited, Canada, a wholly owned subsidiary.
- And merger of IT Glitterz LLC, USA, a step down wholly owned subsidiary, into Hexaware Technologies Inc, USA, a wholly owned subsidiary.
- Mobiquity BV, a step down wholly owned subsidiary in the Netherlands, is to be wound down through a voluntary liquidation process, subject to necessary approvals under applicable law.
- The Board approved incorporation of a wholly owned subsidiary in Mauritius with an initial investment up to USD 01 Million, in one or more tranches.
Shares for the employee trust
- The Board approved allotment of 13 lakh equity shares having face value of Rs.1 each at an issue price of Rs.382.5 per share to the Hexaware Employees Benefit Trust (erstwhile Hexaware Employees Stock Option Trust 2024).
- These shares will be transferred by the Trust to employees on exercise of options under the Hexaware Employees Stock Option Plan 2024.
What it bundles
- The update combines the quarterly numbers with a completed CEO transition, a two-in-two-out change in the non-executive part of the Board, a senior data-business resignation, several steps to simplify the overseas subsidiary structure, and an allotment of shares to the employee benefit trust. Investors can track the new CEO's term and the progress of the restructuring steps announced here.
Also from Hexaware Technologies
Board outcome: Q2 results approved, new CEO, director changes, Mauritius unit and Netherlands wind-down
28 Oct 2026
Hexaware Q3CY26: revenue up 4.3% YoY to USD 411.9 Mn, reported profit up 16.1% in INR terms
28 Oct 2026
Board approves slump sale and step-down subsidiary mergers; Q2 results, CEO change also cleared
28 Oct 2026
More numbers
- Consolidated revenue from operations, quarter ended Sep 30, 202639,331 (INR millions)
- Consolidated profit for the period, quarter ended Sep 30, 20264,294 (INR millions)
- Consolidated revenue from operations, nine months ended Sep 30, 2026113,913 (INR millions)
- Consolidated profit for the period, nine months ended Sep 30, 202611,112 (INR millions)
- Equity shares allotted to Hexaware Employees Benefit Trust13,00,000 equity shares
- Face value per equity share allottedRs.1
- Issue price per equity share allottedRs.382.5 per share
- Initial investment in proposed Mauritius subsidiaryUSD 01 Million
Source: BSE · 28 Oct 2026
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