Hexaware Technologies has disclosed receiving a compounding order from the Reserve Bank of India (RBI) regarding a delay in filing Form FC TRS. The delay pertains to the acquisition of equity shares by HT Global Holdings B.V. during the 2021 delisting process. The company was levied a penalty amounting to INR 11,64,167/-. Hexaware confirmed that the incident has no material impact on its financials or operations.
Disclosure of Regulatory Action
Hexaware Technologies Limited has publicly disclosed a material event concerning regulatory compliance. The company received a compounding order from the Reserve Bank of India (RBI) following a delay in submitting mandatory documentation related to past corporate actions.
Details of the Penalty and Violation
The core issue involved the delay in filing Form FC TRS with the RBI. This delay was associated with the equity shares acquired by HT Global Holdings B.V. in 2021, which occurred as part of the company’s delisting process.
The RBI has levied a specific financial penalty amounting to INR 11,64,167/- (Rupees eleven lakh sixty-four thousand one hundred and sixty-seven). The official communication regarding this compounding order was received by the company on March 30, 2026.
Company Response and Financial Impact
Hexaware has confirmed that it will proceed to comply with the terms outlined in the compounding order received from the RBI. Crucially, the management has stated that this regulatory matter will result in no material impact on the Company’s overall financials or ongoing operations.
This information was disseminated to the stock exchanges via a letter dated March 31, 2026, ensuring full transparency regarding compliance matters.
Source: BSE
