Hexaware Technologies , a leading global IT services company, has announced significant changes in its senior management team, signaling a strategic shift in its leadership structure.

New Appointments and Roles

The company has made three key appointments, each bringing a wealth of experience to their respective roles:

Leadership Transition

The appointment of Hariharan Srinivasan as interim CPO comes in the wake of Nita Nambiar's resignation. Nambiar, who will cease to be CPO on November 15, 2025, is stepping down to pursue other career interests.

Expanding AI Capabilities

Siddharth Dhar's additional responsibility as Head of AI Practice underscores Hexaware's commitment to strengthening its artificial intelligence offerings. Dhar has been instrumental in integrating generative AI and agentic AI Ops into Hexaware's service portfolio, enhancing the company's ability to deliver cutting-edge solutions to its clients.

Bolstering Hi-Tech Vertical

The appointment of Eravi Gopan as President and Head of Hi-Tech Vertical brings valuable expertise to Hexaware. Gopan's extensive experience in global technology and his background as a mentor in Silicon Valley positions him well to drive growth in this crucial sector.

Implications for Hexaware

These strategic appointments reflect Hexaware's focus on strengthening its leadership across key areas:

1. Human Resources: Srinivasan's appointment ensures continuity in HR leadership during the transition.
2. Artificial Intelligence: Dhar's expanded role signals Hexaware's increased emphasis on AI-driven solutions.
3. Hi-Tech Sector: Gopan's leadership is expected to drive growth and innovation in the company's hi-tech vertical.

As Hexaware navigates these changes, the diverse expertise of its new leaders is likely to play a crucial role in shaping the company's future strategies and market position in the competitive IT services landscape.

Three companies have announced their last trading day for dividend eligibility, setting October 9 as the crucial date for investors. The ex-dividend date for all three companies falls on October 10, meaning investors must purchase shares before this date to qualify for the announced dividends.

Dividend Details

Key Points for Investors

• Last Trading Day: October 9, 2023
• Ex-Dividend Date: October 10, 2023
• Shares purchased on or after October 10 will not be eligible for these dividend payouts

Hexaware Technologies stands out with its substantial interim dividend of 575.00%, translating to Rs 5.75 per share. This represents a significant return for shareholders compared to the other two companies.

Rashtriya Chemicals & Fertilizers (RCF) has declared a final dividend of 13.20%, which amounts to Rs 1.32 per share. This payout marks the conclusion of their dividend distribution for the financial year.

Sacheta Metals has announced a more modest interim dividend of 2.50%, equating to Rs 0.05 per share.

Investors should note that these dividend announcements may impact the share prices of the respective companies around the ex-dividend date. Typically, a stock's price may adjust downward by approximately the amount of the dividend on the ex-dividend date, reflecting the payout to shareholders.

It's crucial for investors to make informed decisions based on their investment goals and to consider the ex-dividend date when planning their trades. Those looking to benefit from these dividends must ensure their purchases are completed before the market closes on October 9, 2023.