Hexaware Technologies Board Approves Q3 Results, Appoints New Directors, and Approves Restructuring
Hexaware Technologies reported Q3CY26 revenue of USD 411.9 million, up 4.3% YoY, with an adjusted EBIT margin of 13.8%. The Board approved the appointment of Arjun Shah and Gregory Michael Zeluck as Additional Directors, effective October 29, 2026. Resignations of Neeraj Bharadwaj and Julius Genachowski were accepted. The company also approved a slump sale, mergers, and incorporation of a Mauritius subsidiary.
The announcement includes significant corporate actions such as financial results approval, board changes, and strategic restructuring, which can materially affect the company's operations and future outlook.
The company reported positive revenue growth and margin improvement. The appointment of new directors and strategic restructuring initiatives suggest forward-looking management.
Hexaware Technologies Limited announced the outcome of its Board Meeting held on October 28, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter and nine months ended September 30, 2026. The company reported Q3CY26 revenue of USD 411.9 million, a 4.3% year-over-year increase, and an adjusted EBIT margin of 13.8%.
The Board also approved the appointment of Mr. Arjun Shah and Mr. Gregory Michael Zeluck as Additional Directors in the capacity of Non-Executive Non-Independent Directors, effective October 29, 2026, subject to shareholder approval. Concurrently, Mr. Neeraj Bharadwaj and Mr. Julius Genachowski resigned as Non-Executive Non-Independent Directors, effective October 28, 2026.
In terms of corporate restructuring, the Board approved the Slump Sale of Tech SMC Square India Private Limited and the merger of wholly owned step-down subsidiary companies into wholly owned subsidiaries, as part of entity rationalization. Additionally, the incorporation of a wholly owned subsidiary in Mauritius with an initial investment of up to USD 1 Million was approved, and the voluntary liquidation of Mobiquity BV in the Netherlands was sanctioned.
Further changes in leadership include the resignation of Mr. Girish Pai, Executive Vice President and Global Head - Data, effective November 13, 2026. Mr. Vivek Jetley's appointment as CEO, effective October 28, 2026, and the cessation of Mr. R Srikrishna as CEO & Executive Director, also effective October 28, 2026, were noted.
The Board also approved the allotment of 13,00,000 equity shares at an issue price of ₹382.5 per share to the Hexaware Employees Benefit Trust. The company will host its Q3 financial earnings conference call on October 29, 2026.
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Hexaware Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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