Hexaware Streamlines Global Structure, Voluntarily Liquidates Canadian Step-Down Subsidiary

Hexaware Technologies Limited has confirmed the voluntary liquidation of its wholly owned step-down subsidiary, Softcrylic Technologies Inc., in Canada, effective October 29, 2025. The company received official confirmation of the dissolution on the same date, subject to a few pending administrative formalities.  

The decision aligns with Hexaware’s strategy to simplify its corporate framework and improve operational efficiency across global markets. The liquidation does not have a material financial impact, as Softcrylic’s contribution to Hexaware’s consolidated results had been minimal.  

Major Takeaways:

• Softcrylic Technologies Inc. has been voluntarily liquidated effective October 29, 2025.  
• The liquidation is part of Hexaware’s broader effort to rationalize its group structure.  
• For FY2024, the subsidiary contributed revenue of INR 6 million and net worth of INR 3 million—both accounting for 0.0% of group totals.  
• The liquidation bears no significant financial or operational effect on Hexaware’s overall performance.  

Sources: Hexaware Technologies Ltd regulatory filing to BSE and NSE