Hexaware Announces ₹8.50 Interim Dividend and Board Appointment

Hexaware Technologies has declared a first interim dividend of ₹8.50 per equity share for the financial year 2026. The company also announced the appointment of Neeraj Bharadwaj to its Stakeholders Relationship Committee, a move that enhances its governance structure.

Dividend and Director Update

The Board of Directors of Hexaware Technologies Ltd. has approved the declaration of a first interim dividend of ₹8.50 per equity share for the financial year 2026. This represents an 850% payout on the face value of ₹1 per share.

The record date for determining the entitlement of shareholders to this dividend is May 05, 2026. The dividend is scheduled to be paid out by May 15, 2026.

In a separate but related governance update, the company has appointed Mr. Neeraj Bharadwaj as a Non-Executive Non-Independent Director to the Stakeholders Relationship Committee, effective immediately.

Significance of the Dividend and Appointment

This interim dividend offers shareholders a direct return on their investment, signalling the company's confidence in its financial health and its commitment to sharing profits. The appointment of Mr. Bharadwaj, a seasoned professional, to the Stakeholders Relationship Committee strengthens the board's oversight and governance structure.

Hexaware's Shareholder Returns and Bharadwaj's Tenure

Hexaware Technologies has a history of rewarding its shareholders. In the previous fiscal year (FY25), the company declared dividends totalling ₹8.80 per share across two payouts. For the calendar year 2025, it paid ₹11.50 per share in dividends. This new interim dividend for FY26 continues this practice of providing returns to investors.

Mr. Neeraj Bharadwaj is not new to Hexaware's board; he was previously appointed as a Non-Executive, Non-Independent Director in April 2022. His reappointment or continuation to a specific committee highlights his continued involvement and expertise.

Impact on Shareholders and Governance

Shareholders can expect to receive the interim dividend payment by mid-May 2026. The Stakeholders Relationship Committee will benefit from the experience of Mr. Neeraj Bharadwaj. This dividend declaration further emphasizes Hexaware's ongoing commitment to rewarding its investors.

Considerations for Investors

While the dividend is a positive development, investors will continue to monitor the company's ability to sustain such payouts alongside its growth and investment plans. The IT sector can be subject to global economic headwinds and evolving technological demands.

Comparison with IT Sector Peers

Major IT peers like Infosys and HCL Technologies also maintain strong dividend track records. Infosys has declared a final dividend of ₹25 per share for FY26, reflecting its consistent shareholder return policy. HCL Technologies paid ₹60 per share in FY26 and announced a ₹24 interim dividend for FY27, underscoring the sector's tendency to reward investors. Zensar Technologies has also announced dividend record dates, showing a common theme in the IT services sector.

Recent Financial Performance

Hexaware Technologies' Q4FY25 revenue stood at USD 389 million, marking a 4.5% year-over-year increase. For the full calendar year 2025 (CY25), revenue reached USD 1,537.4 million, showing 7.6% YoY growth.

In FY2025 (CY25), Hexaware paid a total dividend of ₹11.50 per share.

Upcoming Milestones

Investors will be watching for the timely payment of the ₹8.50 interim dividend on May 15, 2026. Mr. Neeraj Bharadwaj's contributions to the Stakeholders Relationship Committee will also be a point of focus. Future dividend announcements and Hexaware's financial results for FY26 will provide further insights.