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Hexaware Technologies Ltd. — M&A Activity 2025
Dec 31, 2025
35685_rns_2025-12-31_750d1b18-94b1-4fb5-b9af-888ca19d1389.pdf
M&A Activity
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HEXT/SE/2025/143
Date: December 31, 2025
To, To, Listing Department Department of Corporate Services National Stock Exchange of India BSE Limited Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Bandra (East), Mumbai - 400 051 Street, Mumbai - 400 001 Symbol: HEXT Scrip Code: 544362
Dear Sir,
Sub: Disclosure of material event pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Update on Merger of subsidiaries
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that the Company has received approval from New Jersey Division of Revenue for Merger of Mobiquity Velocity Solutions Inc and Mobiquity Inc (both being wholly owned step-down subsidiaries of the company) (“Transferor Companies”) into Hexaware Technologies Inc (wholly owned subsidiary of the Company) (“Transferee Company”) w.e.f January 01, 2026.
With respect to the above, please see attached Annexure A containing information and details as required under Regulation 30 of the LODR Regulations read with the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
This information will also be hosted on the Company’s website at www.hexaware.com.
Yours faithfully,
For HEXAWARE TECHNOLOGIES LIMITED
GUNJAN Digitally signed by GUNJAN SUMIT SUMIT METHI Date: 2025.12.31 METHI 19:21:50 +05'30'
Gunjan Methi Company Secretary Encl.: as above.
HEXAWARE TECHNOLOGIES LIMITED
Regd. Office: 8th Floor, 13th Level,Q1, Loma Co-Developers1 Private Limited, Plot No.Gen-4/1,TTC Industrial Area, Ghansoli, Navi Mumbai-400710, Maharashtra, India | Tel: +91 022 3326 8585 | Email: [email protected] CIN: L72900MH1992PLC069662 | URL: www.hexaware.com
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Annexure-A
| Annexure-A | ||
|---|---|---|
| Sr.no. | Particulars | Details |
| a. | Name of the entity(ies) forming part of the | 1.Mobiquity Velocity Solutions |
| amalgamation/merger, details in brief such as, | Inc | |
| size, turnover etc.; | Turnover: NIL | |
| 2.Mobiquity Inc | ||
| Turnover: USD 40,087,700 | ||
| (Revenue from operations) | ||
| b. | Whether the transaction would fall within related | The Transferor Companies are |
| party transactions? If yes, whether the same is | step down wholly owned | |
| done at “arm’s length”; | Subsidiaries of the Transferee | |
| Company. | ||
| c. | Area of business of the entity(ies); | Transferorcompaniesare |
| engagedinbusinessof | ||
| providing mobile technology | ||
| solutionsandend-to-end | ||
| omnichannel digital consulting | ||
| services | ||
| d. | Rationale for amalgamation/ merger; | BoththeTransferor |
| Companiesandthe | ||
| TransfereeCompanyare | ||
| under the same control and | ||
| managementandare | ||
| engagedinthe | ||
| complementaryareasof | ||
| technology enabled services. | ||
| The Transferee Company is | ||
| the Holding Company and | ||
| holds 100% of the paid-up | ||
| share capital of the Transferor | ||
| Companies. |
HEXAWARE TECHNOLOGIES LIMITED
Regd. Office: 8th Floor, 13th Level,Q1, Loma Co-Developers1 Private Limited, Plot No.Gen-4/1,TTC Industrial Area, Ghansoli, Navi Mumbai-400710, Maharashtra, India | Tel: +91 022 3326 8585 | Email: [email protected] CIN: L72900MH1992PLC069662 | URL: www.hexaware.com
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| The proposed merger will bebeneficial to the TransferorCompanies, the TransfereeCompany,theirrespectiveshareholders and creditors,employeesandotherstakeholders. | ||
|---|---|---|
| e. | In case of cash consideration - amount orotherwise share exchange ratio; | The Transferor Companies arethe wholly owned subsidiariesof the Transferee Company.Thus, no cash consideration isinvolved. |
| f. | Brief details of change in shareholding pattern (ifany) of listed entity | NotApplicablesinceTransferor Companies are thewholly owned subsidiaries ofthe Transferee Company |
HEXAWARE TECHNOLOGIES LIMITED
Regd. Office: 8th Floor, 13th Level,Q1, Loma Co-Developers1 Private Limited, Plot No.Gen-4/1,TTC Industrial Area, Ghansoli, Navi Mumbai-400710, Maharashtra, India | Tel: +91 022 3326 8585 | Email: [email protected] CIN: L72900MH1992PLC069662 | URL: www.hexaware.com