Hexaware Technologies seeks member approval for RSU Plan 2026 via postal ballot
Hexaware Technologies is conducting a postal ballot for members to approve the "Hexaware Restricted Stock Unit Plan 2026" and amendments to the "Hexaware Employees Stock Option Plan 2024". The RSU plan involves up to 2,000,000 units for employees. The ESOP plan amendment increases the option pool by 17,500,000 to 41,816,400. E-voting is open from September 10 to October 9, 2026.
The approval of employee stock plans and amendments can impact future equity dilution and employee motivation, which is considered a medium impact for shareholders.
The announcement pertains to a routine corporate action (postal ballot for employee stock plans) and does not contain inherently positive or negative financial news.
Hexaware Technologies Limited has issued a Postal Ballot Notice dated September 02, 2026, seeking member approval for several key proposals. These include the approval of the Hexaware Restricted Stock Unit Plan 2026 ("RSU Plan") through the trust route, extension of the RSU Plan benefits to employees of subsidiary companies, and approval for the Hexaware Employees Benefit Trust to acquire company shares via secondary acquisition. Additionally, members will vote on the provision of money by the company to the trust for share acquisition under the RSU Plan, and the amendment of the existing "Hexaware Employees Stock Option Plan 2024" to increase the option pool by 17,500,000 stock options, bringing the total to 41,816,400.
The remote e-voting period commences from 9:00 a.m. IST on September 10, 2026, and concludes at 5:00 p.m. IST on October 09, 2026. The results of the voting will be announced no later than 48 hours after the conclusion of the e-voting.
The RSU Plan aims to grant up to 2,000,000 Restricted Stock Units to eligible employees, excluding promoters, independent directors, and significant shareholders. The plan will be administered by the Nomination and Remuneration Committee and implemented through the Hexaware Employees Benefit Trust. The trust is authorized to acquire shares through fresh allotment or secondary market purchases, subject to regulatory limits. The amendment to the ESOP Plan 2024 involves changes to the definition of the Trust and an increase in the total options available in the Options Pool to 41,816,400.
The company is adhering to guidelines from the Ministry of Corporate Affairs and SEBI for conducting this postal ballot entirely through electronic means.
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Hexaware Technologies Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hexaware Technologies Limited. Read the original for the full detail.