Legal24 Oct 2025, 12:53 pm
Hexaware Technologies Involved in Legal Dispute with European Client; Expected Financial Implications Fully Provided For
AI Summary
Hexaware Technologies Ltd. has disclosed a legal dispute with a European client, with both parties filing a mediation application with a Mediation Agency in the US to resolve the issue. The dispute pertains to receivables from the client as per the Master Service Agreement. The company has claimed a receivable of USD 9 million. Although the amount has been fully provided for, a favorable outcome would be profit accretive in nature. This information is in compliance with Regulation 30 of the LODR Regulations and the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Key Highlights
- Hexaware Technologies involved in legal dispute with European client
- Both parties have filed mediation application with Mediation Agency in US
- Dispute pertains to receivables from client as per Master Service Agreement
- Company has claimed USD 9 million receivable from Client
- Amount has been fully provided for, but favorable outcome would be profit accretive