Hexaware Technologies Files Motion to Dismiss $500 Million Patent Lawsuit

2 min read     Updated on 03 Oct 2025, 09:13 AM
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Reviewed by
Riya DScanX News Team
Overview

Hexaware Technologies has taken decisive legal action by filing a motion to dismiss the patent infringement lawsuit filed by Natsoft Corporation and Updraft LLC in the US District Court. The company disclosed this development under regulatory requirements, demonstrating transparency while defending against the $500 million claim.

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Hexaware Technologies Limited , a prominent Indian IT services company, is actively defending against a significant legal challenge in the United States. The company has filed a motion to dismiss the $500 million patent infringement lawsuit filed by Natsoft Corporation and Updraft LLC.

Latest Legal Development

In a significant development, Hexaware Technologies has filed a motion to dismiss the patent infringement claims in the United States District Court, Northern District of Illinois, Eastern Division. This represents the company's formal legal response to the allegations made by Natsoft Corporation and Updraft LLC.

Legal Action Details: Information
Court: US District Court, Northern District of Illinois, Eastern Division
Plaintiffs: Natsoft Corporation and Updraft LLC
Claim Amount: $500 million
Company Response: Motion to dismiss filed
Disclosure Date: December 13, 2025

Regulatory Compliance

The company has disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows their earlier communication dated October 01, 2025, ensuring transparency with stakeholders and regulatory authorities.

Financial Impact Assessment

The legal action poses a substantial financial risk for Hexaware Technologies. A $500 million claim represents considerable exposure, though the company's proactive legal response through the motion to dismiss demonstrates its commitment to defending against these allegations.

Recent Corporate Actions

Despite the ongoing legal challenge, Hexaware Technologies has maintained its shareholder-friendly approach. The company recently declared a second interim dividend with the following details:

Dividend Details: Information
Dividend Amount: ₹5.75 per equity share
Dividend Percentage: 575%
Record Date: October 10
Payment Date: October 18
Face Value: ₹1 per share

Market Implications

The filing of a motion to dismiss represents a positive development for Hexaware, as it demonstrates the company's confidence in its legal position. Patent infringement lawsuits are common in the technology sector, and companies typically pursue dismissal motions when they believe the claims lack merit.

Transparency and Disclosure

Hexaware has ensured full transparency by hosting this information on the company's website at www.hexaware.com , in addition to notifying the stock exchanges. This approach maintains investor confidence through clear communication about material developments.

As the legal proceedings continue, stakeholders will monitor the court's response to Hexaware's motion to dismiss and any subsequent developments in this significant patent infringement case.

Historical Stock Returns for Hexaware Technologies

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Hexaware Technologies Declares ₹5.75 Per Share Second Interim Dividend for FY2025

1 min read     Updated on 01 Oct 2025, 08:02 PM
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Reviewed by
Radhika SScanX News Team
Overview

Hexaware Technologies Limited has announced a second interim dividend of ₹5.75 per equity share for FY2025. The dividend, representing 575% of the face value, was declared by the Board of Directors on October 1, 2025. The record date is set for October 10, 2025, with payment scheduled for October 18, 2025. Eligible shareholders are those listed in the Register of Members or Depositories' records as of the record date.

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*this image is generated using AI for illustrative purposes only.

Hexaware Technologies Limited has announced a second interim dividend of ₹5.75 per equity share for the financial year 2025, as declared by its Board of Directors during a meeting held on October 1, 2025.

Dividend Details

Item Detail
Dividend Amount ₹5.75 per equity share (575% of face value)
Face Value ₹1.00 per equity share
Record Date October 10, 2025
Payment Date October 18, 2025

Shareholders whose names appear in the Register of Members or in the records of the Depositories as of the record date will be eligible to receive the dividend.

Board Meeting Highlights

The Board of Directors convened on October 1, 2025, to discuss and approve the interim dividend. The meeting commenced at 19:04 IST and concluded at 19:22 IST, as per the company's filing with the stock exchanges.

Investor Information

Hexaware Technologies, a leading IT services company, has maintained its commitment to rewarding shareholders through consistent dividend payouts. This second interim dividend for FY2025 reflects the company's strong financial position and its focus on delivering value to investors.

Shareholders and potential investors are advised to take note of the following key dates:

Event Date
Declaration Date October 1, 2025
Record Date October 10, 2025
Dividend Payment Date October 18, 2025

The company has stated that the dividend will be paid to eligible shareholders on October 18, 2025, ensuring a prompt distribution of funds.

Hexaware Technologies continues to demonstrate its financial stability and shareholder-friendly policies through this dividend declaration. Investors are encouraged to keep track of any further announcements from the company regarding its financial performance and future dividend policies.

For more information, shareholders can contact the company at investori@hexaware.com or visit the official website at www.hexaware.com .

Historical Stock Returns for Hexaware Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+1.89%+0.94%+9.41%-6.68%-0.09%-0.09%
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