Hexaware Technologies Faces Penalty for Filing Delay
Hexaware Technologies Ltd. announced today that it has received a compounding order from the Reserve Bank of India (RBI) related to a delay in filing Form FC TRS. The order pertains to equity shares acquired by HT Global Holdings B.V. in 2021 during the delisting process.According to the order, Hexaware Technologies will pay a penalty of INR 11,64,167. The company stated that it will proceed to comply with the order.
The RBI communication was received on March 30, 2026. The violation involved a delay in filing the FC TRS form for shares transferred to HT Global Holdings B.V. during the 2021 delisting process.
Hexaware Technologies confirmed that the order is not expected to have a material impact on the company's financial or operational performance.
| Particular | Details | |
|---|---|---|
| (a) | Name of the authority | Reserve Bank of India (RBI) |
| (d) | Details of the violation(s)/ contravention(s) committed or alleged to be committed; | Delay in filing form FC TRS for shares transferred to HT Global Holdings B.V in 2021 as part of delisting process. |
| (e) | impact on financial, operation or other activities of the Company, quantifiable in monetary terms to the extent possible | There is no material impact on the Company's financials or operations due to the said order. |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.