Hexaware Technologies promoter CA Magnum Holdings has confirmed that it did not create any fresh encumbrances on the company's shares during the financial year ended 31 March 2026, barring those already disclosed. The declaration was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure ensures transparency regarding the pledging or charging of shares by the promoter group, which is a critical factor for investor risk assessment.

The existing encumbrances pertain to a credit facility secured by the promoter. On November 24, 2025, the promoter and CA Silkie Investments, a promoter group member acting as the holding company, entered into an Amended and Restated Facilities Agreement. The agreement involves The Hongkong and Shanghai Banking Corporation Limited as the agent and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch as the security agent. The total facilities under this agreement aggregate up to US$ 1,255,000,000.

Details of the Share Charge

A share charge agreement dated 18 November 2025 was executed between the promoter, the holding company, and the offshore security agent. This agreement created a Mauritian law fixed charge on 100% of the existing issued share capital and a Mauritian law floating charge on 100% of the future issued share capital held by the holding company in the promoter. These charges were created in favor of the offshore security agent to secure the obligations under the facilities agreement.

Key Financial and Legal Details

Under the terms of the Amended and Restated Facilities Agreement, the promoter agreed to specific covenants regarding the equity share capital of Hexaware Technologies held by it. These provisions, which were in the nature of encumbrance, became effective from 17 November 2025. The filing confirms that no additional encumbrances were created beyond these disclosed arrangements during FY26.

hexaware technologies has been recognized as an Exceptional Performer for Overall Client Satisfaction in Whitelane Research's UK & Ireland 2026 IT Sourcing Study. The independent survey results reflect strong client confidence in the company's AI-led delivery and execution capabilities within the UK and Ireland market. The study gathered feedback from close to 400 participants from top IT-spending organizations, evaluating over 1,000 unique IT sourcing relationships and 37 IT service providers.

Hexaware achieved the #1 ranking in Value for Money, underscoring the strong value delivered to clients. The company also secured the #2 position in Overall Satisfaction and ranked #2 in IT service provider performance satisfaction specifically for the Financial Services sector. Additionally, it attained the #3 spot in Application Services (IT Services Tower) and #3 in Service Delivery (KPI).

Key Performance Indicators

The rankings validate Hexaware's AI-first, client-centric approach, with clients highlighting strengths in application services, domain expertise in insurance, and strong executive engagement. R. Srikrishna, CEO & Executive Director, stated that the rankings validate the company's success in deploying AI at scale to drive continuous innovation. Parameshwaran Iyer, EVP & Head – Europe & UK, emphasized that the UK and Ireland remain a priority market as the company strengthens local capability.

Jef Loos, Head of Research, Europe, at Whitelane Research, noted that the study is built on direct customer opinion and that Hexaware's rankings point to competitive performance in areas clients assess closely. These results build on the company's strong performance in the previous UK & Ireland study, where it ranked #1 in Overall Client Satisfaction and Application Services.