Hexaware Technologies Limited's Board of Directors met on November 06, 2025, and approved the following key decisions: * Financial Results: Approved the standalone and consolidated audited financial results for the quarter ended September 30, 2025. * Acquisition: Approved the acquisition of a 100% stake in four companies operating in the IT / ITes industry, specifically the Identity and Access Management (IAM) market. These include: * Cybersolve (I) Private Limited * Identity And Access Solutions LLC (IAAS) * IT Glitterz LLC * Identity and Access Solutions Canada, Inc. The total estimated consideration for acquiring 100% stake in these target companies is $66 million (₹585.2 crore), comprising an upfront consideration of $34.5 million (₹305.9 crore). An additional $31.5 million is payable linked to financial performance for FY26, FY27, and FY28. The acquisition is expected to be completed by November 13, 2025. The target companies' turnover for the calendar year ending December 31, 2024, was $25.8 million (₹216.1 crore). This acquisition is aimed at strengthening Hexaware's capabilities in the fast-expanding IAM market, positioning it as a full-spectrum cybersecurity partner. * Merger of Subsidiaries: Gave in-principle approval for the merger of several wholly-owned subsidiaries and step-down subsidiaries to simplify the group structure. This includes: * In India: Mobiquity Softech Private Limited and Softcrylic Technology Solutions India Private Limited merging with Hexaware Technologies Limited. * In US: Mobiquity Velocity Solutions Inc, Mobiquity Inc, and Softcrylic LLC merging with Hexaware Technologies Inc. * In Netherlands: Mobiquity Coöperatief U.A. and Mobiquity Consulting BV merging with Mobiquity BV. These mergers are subject to board approval of the scheme of arrangement, various regulatory approvals, and administrative formalities.
