First Dividend Milestone: IT Giant Sets April 15 Record Date for Massive 575% Payout; Final Call For Investors

Hexaware Technologies, an IT services company in India, has declared its first interim dividend of Rs. 5.75 per share (575%) for the financial year 2024-25. The dividend will be paid to eligible shareholders whose names appear in the company's records as of the record date, which is tomorrow, i.e., April 15th. The company has also released the payments schedule.

Hexaware Technologies Dividend Details

According to Hexaware's stock exchange filing, "In continuation of our earlier intimation dated April 1, 2025, we wish to inform you that the Board of Directors of the Company, at its meeting held on April 4, 2025, has declared the first interim dividend of ₹5.75 per equity share (575%) of face value ₹1 each for the financial year 2024-25. Further, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for the purpose of determining eligibility for the interim dividend has been fixed as April 15, 2025.

Record Date for the Dividend

To be eligible, your name must appear in the company's official records - either in the Register of Members or in the Depository records - as of the record date, which is April 15, 2025.

If you're holding the company's shares on that date, you will receive the dividend. The company has also confirmed that the dividend will be credited or paid to eligible shareholders on April 23, 2025.

Hexaware Share Price Movement

Despite the generous dividend declaration, Hexaware Technologies shares ended in the red on Friday, April 11, 2025, closing at ₹630.55 per share, down ₹3.75 (0.59%) for the day.

Over the past five trading days, the stock has lost 5.42%, and over the last month, it has fallen 15.93%. Since its listing, the stock has declined by 17.31% year-to-date.

Hexaware Technologies Stock Listing and IPO Highlights

Hexaware Technologies made headlines earlier this year when it launched its IPO, which was valued at Rs. 8,750 crore, and got listed on February 19, 2025, on the NSE and BSE at an issue price of Rs. 708 per share.
Since its listing, Hexaware's share price has faced pressure in a volatile market environment, falling below its IPO price.

About Hexaware Technologies

Hexaware Technologies is a global IT services company that specialises in digital transformation, automation, cloud solutions, and business process services. Headquartered in Mumbai, Hexaware serves a wide array of industries, including banking, financial services, healthcare, insurance, and travel. The company is known for leveraging AI and cloud-first strategies to help clients innovate and grow in the digital age.