Hexaware Technologies Limited has announced that its stepdown subsidiary, Softcrylic Technologies Inc., in Canada, has been voluntarily liquidated effective October 29, 2025. The company has received confirmation of the liquidation, which is subject to the completion of some administrative actions. The move is intended to rationalize the group structure.
Subsidiary Liquidation
Softcrylic Technologies Inc., a stepdown subsidiary of Hexaware Technologies Limited, based in Canada, has been voluntarily liquidated. This liquidation became effective on October 29, 2025, though it remains subject to the completion of certain administrative actions.
Key Details of Liquidation
The company received confirmation of the liquidation on October 29, 2025. The rationale behind this decision is to streamline and rationalize the overall group structure. In the fiscal year ending December 31, 2024, Softcrylic Technologies reported revenue from operations of INR 6 million, contributing to approximately 0.0% of the group’s total revenue. The subsidiary’s net worth stood at INR 3 million, also representing about 0.0% of the group’s net worth.
Source: BSE
