Hexaware Technologies , a prominent Indian IT services company, is facing a significant legal challenge as US-based technology firm Natsoft has filed a lawsuit against it in the US District Court. The lawsuit, seeking $500 million in damages, alleges patent infringement and breach of contract by Hexaware.

Allegations and Claims

Natsoft claims that its subsidiary, Updraft, invested $100 million in developing app modernisation solutions and holds nine valid patents for the technology. The lawsuit accuses Hexaware of infringing on these patents in what Natsoft describes as an "ongoing, intentional, and willful manner."

Breach of Contract

In addition to patent infringement, Natsoft alleges that Hexaware breached a contract with Updraft. The US-based company claims that Hexaware used Updraft's technology to build competing products, resulting in unjust enrichment.

Legal Proceedings

Natsoft has requested a jury trial for this case. The substantial damages sought - $500 million - underscore the seriousness of the allegations and the potential impact on both companies.

Implications for Hexaware

This lawsuit presents a significant challenge for Hexaware Technologies. If the allegations are proven true, it could have substantial financial and reputational consequences for the company. The case may also impact Hexaware's operations in the app modernisation space, depending on the outcome.

Industry Impact

This high-profile lawsuit highlights the increasing importance of intellectual property rights in the technology sector, particularly in areas like app modernisation. It also underscores the potential risks associated with technology partnerships and collaborations in the industry.

As the case progresses, it will likely be closely watched by industry observers and could have broader implications for technology partnerships and intellectual property protection in the IT services sector.

Hexaware Technologies Limited , a prominent IT services and consulting company, has announced a crucial upcoming board meeting that could potentially benefit its shareholders. The company has informed the stock exchanges about a scheduled Board of Directors meeting to deliberate on the declaration of a second interim dividend for the financial year 2025.

Key Details of the Announcement

Official Communication

In a regulatory filing dated September 25, 2025, Gunjan Methi, Company Secretary and Compliance Officer of Hexaware Technologies, stated:

"Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that a Meeting of Board of Directors of the Company is scheduled to be held on Wednesday, October 01, 2025 to consider declaration of 2nd interim dividend for the financial year 2025, if any."

Implications for Investors

The consideration of a second interim dividend suggests that Hexaware Technologies may be in a position to share its profits with shareholders. However, it's important to note that the board meeting is to consider the dividend, and the final decision will be made during the meeting.

Investors and market analysts will be keenly watching the outcome of this board meeting, as it could potentially impact the company's stock price and provide additional returns to shareholders.

About Hexaware Technologies

Hexaware Technologies Limited is a global IT services company headquartered in Mumbai, India. The company specializes in providing IT, BPO, and consulting services to various industries worldwide. Hexaware is known for its focus on digital transformation, cloud solutions, and automation services.

Shareholders and interested parties can find more information about the company and any updates regarding the dividend consideration on Hexaware's official website at www.hexaware.com .

As the market awaits the board's decision, investors are advised to stay tuned for the outcome of the October 1st meeting, which will determine whether a second interim dividend will be declared for the financial year 2025.