SYNOPSIS: Hexaware’s promoters have encumbered their entire 74.55 percent stake to secure a $1.25 billion facility, creating Mauritian fixed and floating share charges to refinance existing debt under amended lending agreements.
During Tuesday’s trading session, shares of a global digital and technology services company, with artificial intelligence (AI) at its core, are in focus on the stock exchanges, after the company’s promoter pledged its entire 74.55 percent stake for $1.26 billion HSBC Loan.
With a market cap of Rs. 44,038 crores, shares of Hexaware Technologies Limited hit an intraday high at Rs. 731.65 on BSE, up by around 0.4 percent, compared to its previous closing price of Rs. 728.85.
The stock has delivered negative returns of over 5 percent in one year, and has fallen by nearly 2 percent in the last one month.
What’s the News:
As per the latest regulatory filings with the stock exchanges, the promoter group of Hexaware Technologies Limited has created an encumbrance over 100 percent of its shareholding.
The promoters – CA Magnum Holdings and CA Silkie Investments – have entered into a facilities arrangement under an amended and restated facilities agreement, involving lenders represented by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, acting as the Offshore Security Agent.
To secure borrowings of $1.25 billion (or around Rs. 11,123 crores), the promoters have executed a Share Charge Agreement dated 18th November 2025, through which a Mauritian law fixed charge has been created over all existing promoter shares, and a Mauritian law floating charge has been created over future issued share capital held by the holding company.
As a result, the promoters have encumbered their entire holding of 45,39,88,884 shares, representing 74.55 percent of the total share capital of Hexaware. The encumbrance is categorised as an indirect share charge supported by covenants, created solely to meet the security obligations required by the lenders under the financing documents.
The facilities shall be used for the purpose of refinancing the existing financial indebtedness of the Borrower in full and making certain payments in accordance with the Amended and Restated Facilities Agreement.
Financials & More:
Hexaware Technologies reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 11 percent, from Rs. 3,136 crores in Q2 FY25 to Rs. 3,484 crores in Q2 FY26.
Likewise, the company’s net profit increased during the same period from Rs. 300 crores to Rs. 370 crores, representing a rise of more than 23 percent YoY. For CY25, the company anticipates EBITDA margins of 17.1–17.2 percent following the merit increase.
Hexaware Technologies Limited is actively involved in information technology consulting, software development, business process services (BPS), data and AI, cloud, digital IT operations, and enterprise platforms. It delivers a range of services to clients across diverse industries, including travel, transportation, hospitality, logistics, banking, financial services, insurance, healthcare, manufacturing, retail, consumers, telecom and utilities.
The broad spectrum of service offerings encompasses application development and management, enterprise package solutions, infrastructure management, business intelligence and analytics, business process, digital assurance, testing, Generative AI, and sustainability.
Written by Shivani Singh
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