Hexaware Technologies Limited , a prominent IT services company, has announced that its stepdown subsidiary, Softcrylic Technologies Inc., based in Canada, will undergo voluntary liquidation. This strategic move, effective from October 29, 2025, is part of the company's efforts to streamline its corporate structure.

Key Details of the Liquidation

The company disclosed this material event in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Here are the essential details of the liquidation:

Financial Impact

The liquidation of Softcrylic Technologies Inc. is expected to have minimal impact on Hexaware Technologies' overall financial position. According to the company's disclosure:

These figures, based on the financial year ending December 31, 2024, indicate that Softcrylic Technologies Inc. contributed marginally to Hexaware Technologies' group revenue and net worth.

Rationale and Implications

The voluntary liquidation is described as an initiative to rationalize the group structure of Hexaware Technologies. This move aligns with common corporate strategies to simplify operations, reduce administrative overhead, and potentially improve overall efficiency.

It's important to note that the liquidation process is subject to the completion of certain administrative actions. Hexaware Technologies has stated that they received confirmation of the liquidation on October 29, 2025.

Market Response

As this news represents a relatively minor change in Hexaware Technologies' overall structure, with minimal financial impact, it may not significantly affect the company's market position or investor sentiment. However, it does demonstrate the company's ongoing efforts to optimize its global operations and corporate structure.

Investors and market watchers will likely view this as a routine corporate action aimed at enhancing operational efficiency. As always, stakeholders are advised to consider this development in the broader context of Hexaware Technologies' overall business strategy and performance.

Hexaware Technologies Limited , a global IT solutions provider, has firmly responded to a patent lawsuit filed by Natsoft Corporation and its affiliate, Updraft LLC. The company has categorically denied all allegations, describing the lawsuit as meritless and expressing confidence in its legal position.

Key Points of Hexaware's Response

• Hexaware denies all claims made in the lawsuit
• The company believes the legal action will not significantly impact its operations or financial health
• Hexaware plans to vigorously defend its position through proper legal channels
• The company is considering all available options, including challenging the validity of the asserted patents and filing a motion to dismiss the complaint

Platforms Under Scrutiny

The lawsuit implicates three of Hexaware's proprietary platforms:

1. Amaze®
2. Tensai®
3. RapidX™

Hexaware maintains that these platforms are the result of original engineering, involving years of in-house research and development and significant financial investment. The company asserts that its products offer more advanced functionalities than those claimed in the patents involved in the lawsuit.

Executive Statement

Srikrishna Ramakarthikeyan, CEO of Hexaware, stated, "Intellectual property disputes are an inevitable part of the technology industry's relentless pace of innovation. Many successful service providers have faced patent claims as they pioneered new solutions and transformed markets. Our clients rely on us to modernize mission-critical systems with speed, safety, and clear outcomes. Nothing about this filing changes that."

Platform Specifics

Hexaware provided details on the platforms in question:

Intellectual Property Protection

Hexaware highlighted its own intellectual property efforts, noting that it has successfully filed and obtained patent protection for some methods embodied in Amaze® and Tensai®. The company recently received a Notice of Allowance for a U.S. patent related to the Tensai® product.

Looking Ahead

Despite the legal challenge, Hexaware anticipates no material change to its operations, ability to serve customer commitments, partner programs, or financial position as a result of this lawsuit. The company remains focused on delivering value to its clients and maintaining its position in the competitive IT solutions market.

As this legal matter unfolds, stakeholders will be watching closely to see how it might impact Hexaware's market position and its ongoing innovation efforts in the rapidly evolving tech landscape.