Hexaware Technologies Limited announced that its Board of Directors, in a meeting held on December 18, 2025, approved a Scheme of Amalgamation by way of Merger by absorption. This merger involves Softcrylic Technology Solutions India Private Limited and Mobiquity Softech Private Limited, both wholly-owned subsidiaries, with Hexaware Technologies Limited as the transferee company. Softcrylic Technology Solutions India Private Limited reported a turnover of ₹38.35 Crore and a net worth of ₹13.12 Crore as of September 30, 2025. Mobiquity Softech Private Limited had a turnover of ₹114.98 Crore and a net worth of ₹86.94 Crore as of the same date. Hexaware Technologies Limited, the transferee company, reported a standalone turnover of ₹5,529.2 Crore and a net worth of ₹3,447.20 Crore as of September 30, 2025. The rationale for the merger is that both transferor companies and the transferee company are under the same control and management and operate in complementary areas of technology-enabled services. The merger is expected to be beneficial to all stakeholders. As the transferor companies are wholly-owned subsidiaries, no cash consideration or share exchange ratio is involved. Additionally, the Board reconstituted the Nomination and Remuneration Committee. Mr. Kapil Modi has been appointed as a member, while Mr. Neeraj Bharadwaj ceases to be a member of the committee. The committee's revised composition includes Mr. Milind Sarwate as Chairman, Ms. Sukanya Kripalu and Mr. Joseph Mclaren Quinlan as Members, and Mr. Kapil Modi as a Member.
