Hexaware Technologies Limited has announced comprehensive changes to its Board of Directors and committee structure, effective February 23, 2026. The IT services company disclosed these developments in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Independent Director Appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Alok Chandra Misra (DIN: 01542028) as Additional Director in the capacity of Non-Executive Independent Director. The appointment details are structured as follows:

Mr. Misra brings extensive experience to the role, having recently co-founded Guvrn as India's first curated board network connecting independent directors with companies seeking improved governance. Until June 2024, he served as Operating Partner and Chief Operating Officer of India at General Atlantic, a leading global growth equity investment firm. His previous experience includes serving as Group Chief Financial Officer with WNS Group and Mphasis BFL Group, along with roles at ITC Limited and PwC. He is a Fellow member of the Institute of Chartered Accountants of India and holds an honours degree in commerce from Calcutta University.

Director Resignation

Mr. Vivek Sharma (DIN: 10741746) tendered his resignation as Independent Director, effective from close of business hours on February 23, 2026, citing other professional commitments as the reason. His departure also results in cessation from his roles as member of the Stakeholders Relationship Committee and Corporate Social Responsibility Committee. In his resignation letter, Mr. Sharma confirmed no other material reasons exist for his resignation beyond those mentioned.

Committee Reconstitution

The Board approved Mr. Alok Chandra Misra's appointment to multiple committees, enhancing the governance structure:

Senior Management Role Expansion

The Board also approved the appointment of Mr. Shantanu Baruah for an additional role as North America – Hunting Head, effective February 23, 2026, while retaining his position as President & Global Head – Healthcare & Insurance Vertical. Mr. Baruah brings over 25 years of experience in the healthcare and life sciences industry, with a strong track record in building global teams and leading client transformations. He previously served as Executive Vice President at HCL Tech, leading the Healthcare business in North America, and is a published author on healthcare technology topics.

Regulatory Compliance

All appointments and changes comply with SEBI regulations and have been disclosed pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that detailed annexures containing comprehensive information about the appointments and resignations have been submitted to the stock exchanges and will be hosted on the company's website.

Hexaware technologies announced the launch of Zero License on February 10th, 2026, a new enterprise offering designed to help organizations replace bloated SaaS workflows with agentic AI in months rather than years. The solution aims to reduce software license costs, eliminate manual effort, and simplify complex application stacks by making AI agents the primary execution layer.

Addressing Enterprise SaaS Challenges

Over the past decade, enterprise SaaS stacks have grown wider, rarely leaner. Teams add tools faster than they retire them, resulting in overlapping capabilities, rising license costs, and increasing integration overhead. Hidden waste from zombie licenses, shelfware, and auto-renewals continues to erode software ROI, while vendors tighten licensing models and reduce commercial flexibility.

Zero License addresses this challenge by shifting the focus from managing tools to executing outcomes. Instead of adding yet another layer of software, the offering introduces an AI operating layer over existing systems.

Solution Architecture and Benefits

The Zero License approach transforms how enterprises handle workflow execution:

This architecture reduces dependence on low-value SaaS, cuts integration overhead, and accelerates cycle times. The solution enables faster execution, simpler stacks, and measurable reduction in license spend within months.

Industry Applications

Zero License is particularly suited to workflow-heavy and regulated industries, offering specific applications across multiple sectors:

Healthcare:

• AI agents automate claims processing
• Prior authorizations handling
• Provider and member workflow management over core platforms

Insurance:

• Automated intake and triage processes
• Claims adjudication workflows
• Follow-up management across policy and claims systems

Banking and Financial Services:

• KYC process execution
• Customer onboarding automation
• Reconciliations and exception handling across systems

Manufacturing and Utilities:

• Planning and coordination automation
• Scheduling optimization
• Service execution management
• Reduction of tool sprawl and operational friction

Leadership Perspective

"Most organizations don't have a tooling problem. They have an execution problem," said Sanjay Salunkhe, President & Global Head – Digital and Software Services, Hexaware Technologies. "Zero License helps enterprises move from software that organizes work to AI that actually does the work. The result is faster execution, simpler stacks, and measurable reduction in license spend within months."

Siddharth Dhar, President & Global Head – AI, Hexaware Technologies, added: "With Zero License, AI isn't another tool in the stack. It's the execution surface. Enterprises can finally simplify their technology landscape while gaining greater control over how work actually gets done."

Company Overview

Hexaware Technologies is a global technology and business process services company that empowers enterprises worldwide to realize digital transformation at scale and speed. The company partners with organizations to build, transform, run, and optimize their technology and business processes, with offices across the world focused on creating value through great people and technology.