HTHexaware Technologies544362Quarterly results

Board outcome: Q2 results approved, new CEO, director changes, Mauritius unit and Netherlands wind-down

Board meeting of Oct 28, 2026: several approvals.

By ScoutQuest · Wed 28 Oct 2026, 10:35 PM IST · 2 min read

Revenue from operations (Q2 FY27, consolidated)

Rs. 39,331 (INR millions)

Profit for the period (Q2 FY27)

Rs. 4,294

Shares allotted to Employees Benefit Trust

13 lakh shares at Rs.382.5 each

Results for the quarter and nine months ended September 30, 2026

• The Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended September 30, 2026, accompanied by the statutory auditors' Limited Review Report.
• Consolidated revenue from operations for the quarter was 39,331 (stated in INR millions) and total income was 40,825.
• Profit for the period was 4,294. Basic earnings per share for the quarter, not annualised, was 7.06.

Leadership and management

• Mr. Vivek Jetley has been appointed CEO of the Company with effect from October 28, 2026, as per the earlier intimation of September 02, 2026.
• Mr. R Srikrishna ceases to be CEO & Executive Director with effect from close of business hours on October 28, 2026.
• Mr. Girish Pai, Executive Vice President and Global Head - Data, has tendered his resignation, effective from closure of business hours on November 13, 2026, to pursue other career opportunities.

Board changes

• Mr. 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.
• Mr. Gregory Michael Zeluck 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.
• Mr. Neeraj Bharadwaj and Mr. Julius Genachowski have tendered their resignations as Non-Executive Non-Independent Directors, effective from close of business hours on October 28, 2026, citing other commitments and responsibilities. Both also cease to be members of the committees they served on.
• The Board approved re-constitution of the Stakeholders Relationship Committee, the Corporate Social Responsibility Committee and the Environmental, Social and Governance Committee.

Entity rationalisation

• The Board approved a slump sale of Tech SMC Square India Pvt Ltd from Hexaware Technologies Inc, USA to Tech SMC Squared (GCC) India Private Limited, all being wholly owned subsidiaries / step down wholly owned subsidiary of the Company.
• The Board approved merger of Identity and Access Solutions Canada Inc., a step down wholly owned subsidiary, into Hexaware Technologies Canada Limited; and of IT Glitterz LLC, USA, a step down wholly owned subsidiary, into Hexaware Technologies Inc, USA.
• 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.
• Mobiquity BV, a step down wholly owned subsidiary in the Netherlands, shall be wound down through a voluntary liquidation process, subject to necessary approvals as per applicable law.

Share allotment

• 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 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.

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