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Hexaware Technologies Ltd. — M&A Activity 2026
May 20, 2026
35685_rns_2026-05-20_b1b61d88-db29-4440-935d-1c7383584512.pdf
M&A Activity
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HEXAWARE
HEXT/SE/2026/51
Date: May 20, 2026
To,
The Manager
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra-Kurla Complex,
Bandra (East), Mumbai - 400 051
Symbol: HEXT
The General Manager
Department of Corporate Services
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001
Scrip Code:544362
Dear Sir/ Madam,
Subject: Outcome of the Board Meeting held on Wednesday, May 20, 2026, alongwith required disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We wish to inform that the Board of Directors of Hexaware Technologies Limited at its meeting held on Wednesday, May 20, 2026, have approved entering into an agreement to acquire a client contract along with employees through acquisition of Consulting Professionals Services Holdings Ltd together with its wholly owned subsidiary, Consulting Professionals Services Ltd. ("CPS"), through its wholly owned subsidiary, Hexaware Technologies UK Ltd.
With respect to the above, please find attached Annexure A containing information and details as required under Regulation 30 of the LODR Regulations read with the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The meeting commenced at 7:33 p.m. and concluded at 7:52 p.m.
This information will also be hosted on the Company's website at www.hexaware.com
Kindly take the same on record.
Yours faithfully,
For HEXAWARE TECHNOLOGIES LIMITED
GUNJAN
SUMIT METHI
Digitally signed by
GUNJAN SUMIT METHI
Date:2026.05.20
21:28:41 +03'30'
Gunjan Methi
Company Secretary and Compliance Officer
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
HEXAWARE
Annexure-A
Brief details of the Transaction
| Sr. No | Particulars | Details |
|---|---|---|
| 1. | Name of the Target Entity, details in brief such as size, turnover etc. | Hexaware Technologies Limited has entered into an agreement to acquire Consulting Professionals Services Holdings Limited together with its wholly owned subsidiary Consulting Professionals Services Limited (“CPS”). |
| CPS is a specialist technology consulting and professional services firm delivering high-value consulting covering regulatory compliance, technology infrastructure, governance and risk, and business transformation to a FTSE 100 client. | ||
| CPS turnover from FTSE 100 client: GBP 11.74 million for the period 01 April 2025 to 31 March 2026 (equivalent INR 1490.98 million*). | ||
| For turnover details for the last three years, refer to Point 10 below. | ||
| 2. | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length” | The proposed transaction does not fall within related party transactions. |
| Promoter/ promoter group/ group companies of Hexaware Technologies Limited do not have any interest in CPS. | ||
| 3. | Industry to which the entity being acquired belongs | IT services |
| 4. | Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) | Primarily based in the United Kingdom and the United Arab Emirates, CPS is a specialist technology consulting and professional services firm delivering high-value consulting covering regulatory compliance, technology infrastructure, governance and risk, and business transformation to a FTSE 100 client. |
| Hexaware has an existing relationship with this FTSE 100 client and is one of the top service providers. The acquisition of CPS is expected to consolidate client spend strengthening Hexaware’s strategic positioning within the client’s consolidated supplier landscape. |
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
HEXAWARE
| In addition, this acquisition will strengthen Hexaware's ambition to be a trusted AI and Cloud Transformation partner to leading financial institutions and blue-chip organizations—from consulting and advisory to implementation and operations. CPS deepens this through its advisory maturity and interconnected local and global delivery models. Together, the companies expect to drive significant market expansion and diversification across large enterprise accounts. | ||
|---|---|---|
| 5. | Brief details of any governmental or regulatory approvals required for the acquisition. | The proposed acquisition does not require any governmental or regulatory approvals. |
| 6. | Indicative time period for completion of the acquisition | Transaction is expected to close in two weeks |
| 7. | Consideration - whether cash consideration or share swap or any other form and details of the same | The acquisition is for all cash consideration. |
| 8. | Cost of acquisition and/or the price at which the shares are acquired | Upfront payment of GBP 6.0 million with another GBP 5.0 million linked to financial performance for a total aggregate consideration up to GBP 11.00 million (equivalent INR 1397.00 million*) excluding certain performance-related bonuses. |
| 9. | Percentage of shareholding/ control acquired and / or number of shares acquired | 100% |
| 10. | Brief background about the entity acquired in terms of products/ line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) | While CPS is incorporated in 2026, the underlying client contract and associated operations have been in existence for the past three years under a different legal entity structure of the seller. The historical financials disclosed pertain to the performance of this client contract and the related business operations, which are now being transferred to CPS as part of the transaction. Acquired entity has presence across multiple countries including United Kingdom (UK) and United Arab Emirates (UAE). Turnover from the said client contract (unaudited): |
| (April to March) | FY24 | FY25 |
| GBP million | 14.00 | 11.60 |
| INR million* | 1778.00 | 1473.20 |
- INR to GBP foreign exchange rate = INR 127.00 per GBP
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