~IEXAWARE · 2020. 6. 30. · Pursuant to SEBI (Listing Obligations and Disclosure Requirements)...

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f ~IEXAWARE Date: July 29, 2020 To, The Manager Listing, Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 023 Subject: News Paper Clipping of financial results Dear Sir / Madam, To, The Manager Listing, National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Sandra (E), Mumbai - 400 051 Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulations''), enclosed herewith please find copy of Financial results for the quarter ended June 30, 2020 published in Business Standard - English and Navshakti - Marathi on July 29, 2020 This is also being made available at the website of the Company i.e www.hexaware.com Thanking you, Yours faithfully, For Hexaware Technologies Limited GUNJA N SUMIT~~:~METHI METH I ;~~~~2!, 5•30, Gunjan Methi Company Secretary I ,. 1! n I, :, .. HEXAWARE TECHNOLOGIES LTD. Regd. office: Bldg No. 152, Millennium Business Park, Sector - Ill, 'A' Block, TTC Industrial Area, Mahape, Navi Mumbai 400710. (INDIA). Tel .: +9122 6791 9595, Fax : +9122 67919500 (CIN): L72900MH1992PLC069662 URL: www.hexaware.com

Transcript of ~IEXAWARE · 2020. 6. 30. · Pursuant to SEBI (Listing Obligations and Disclosure Requirements)...

Page 1: ~IEXAWARE · 2020. 6. 30. · Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulations''), enclosed herewith please find copy of Financial

• f

~IEXAWARE

Date: July 29, 2020

To, The Manager Listing, Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 023

Subject: News Paper Clipping of financial results

Dear Sir / Madam,

To, The Manager Listing, National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Sandra (E), Mumbai - 400 051

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulations''), enclosed herewith please find copy of Financial results for the quarter ended June 30, 2020 published in Business Standard - English and Navshakti - Marathi on July 29, 2020

This is also being made available at the website of the Company i.e www.hexaware.com

Thanking you, Yours faithfully, For Hexaware Technologies Limited

GUNJA ~~9~~~~~ned N SUMIT~~:~METHI METH I ;~~~~2!,5•30,

Gunjan Methi Company Secretary

• I, . 1!n I,:, ..

HEXAWARE TECHNOLOGIES LTD.

• Regd. office: Bldg No. 152, Millennium Business Park, Sector - Ill, 'A' Block, TTC Industrial Area, Mahape,

Navi Mumbai 400710. (INDIA). Tel.: +9122 6791 9595, Fax : +9122 67919500

(CIN): L72900MH1992PLC069662 URL : www.hexaware.com

Page 2: ~IEXAWARE · 2020. 6. 30. · Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulations''), enclosed herewith please find copy of Financial

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Flffl . .,.A!~~.,,C?!~.~~~~~-~!~~!~D WelJsltt: www.tlbanofflhm.com; Tel No.04M9080606; Fu:044-28195527 CIN:L011191N1986PlC013473

Dearmember(s),

1. It Is hereby informed that the 34~ Annual General meeting of the company will be convened on Monday, lhe 21 '" September, 2020 at 10. 15 A.M. lhrough Video Conference ("VC") I other Audio Visual Means ("OAVM") in compliance with the applicable provisions of the Companies Act. 2013 and Ruin framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Ragulatlons, 2015 read with Ministry of Corporate Affairs (MCA) and SEBI Circulars issued in ,Af'.lril 2020 and May 2020, without the physical presence of the Mambefsatacommonvenue.

2. The Notice of the 34~ AGM and the financial statements for the year ended 31 '" March 2020 ("Annual Report") will be sent only by email address to all lhose members, whose email address are registered with the Company or with their respective Depository Participants \ Depository'), in accordance with MCA and SEBI Circulars. Members can Join and participate In theAGM through VC/OAVM only. The lnslructloos for joining the AGM and the manner of participation in the remote electronic voting or casting vote through &­

voting system during theAGM byshareholdera holding shallls in dematerialized mode, physical mode and by shareholders who have not reg istered their email addresses will be provided In the Notice of theAGM. Members participating through the VC/OAVM shall be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013. The Notloe v.ill elsobe mede evallable on the website of the Company viz.www.abanoffshore.com and also on the website of Stock Exchanges i.e. BSE Limited and National Stocfl Exchange of India Limitedatwww.bselndle.com and www.nselndla.com respectlwly and on the website of National Securities Depository Limited (NSOL) (agency for providing remote e-voting faci lity) i.e.www.evoling.nsdl.com.

3. Members holding shares in physical form who have not registered their email addresses with the Company/Deposllofycanobtaln &oft copies of the Notice of the 34" AGM,Annual Reportand/orloglndetalls for joining the AGM through VC/OAVM including e-voting, by sending scanned copy of the following documents byamail to [email protected].

a. Signed request letter mentioning your name. folio number, complete address. email address to be registered;

b. Copyofthesharecerlificate(bothsides) c. Self-atteste<I copy of PAN and d. Self-attested copy of Passpor1/Driving Licance/Aadhar/Bank Statement. supporting the reg istered

address of the member 4. Members holding shares in dematformarerequested toupdatetheiremail address with their Depository.

The aboVe Information Is being Issued for the infoonalion and benefit of all the Membefs of the Company and is in compliance with the MCA and SEBI Cireulars as stated above.

Place : Chennal Data : 28.07.2020

By order of the Board

AGM (L!(l~jr:l~~retary

MUMBAI I wEDNEsDAY, 29 iuLY 2020 Business Standard

Justdial' Ju•t Dial Limited

CIN: L74140MH1993PLC150054 Rttglstered Office: Palm Court, Building-M, 501/B, 5th Floor, New Link Road,

Besides Goregaon Sports Complex, Malad (West), Mumbai 400 064. Tel. No: +91 22 2888 4060 Fax: +91 22 2889 3789

E-mall: [email protected] Website: www.justdial.com

II '• ; • '

FOR THE ATTENTION Of lHE ELIGIBLE SHAREHOLDERS OF JUST DIAL LWITED ("COMPANY"') IN RELATlON TO lHE OFFER TO BUY.eACK Of UP TO 31,42,857 FUU.Y PAIMJP EQUITY SHARES OF FACE VALUE Of RS. 10 EACH f'EQIATY SHARES''), FRON AU. lHE ELJGIILE SHAREHOI...DERS Of lHE COMPANY AS ON JULY 3, 2020, FRIDAY (JHE ''RECORD DATE''), ON A PROPORl10NATE BAStS, BY WAY OF A TENDER OFFER ROUTE THROUGH THE STOCK EXCHANGE MECHANSM FOR CASH AT APRtCE OF RS. TIN»- PER ECUTY SHARE FOR AN AGGREGATE AMOUNT OF UP TO RS. 220,00,00,000 (MBUY-BACK") UNOERlHE SECURITIES ANO EXCHANGE BOARD OFINOIA(BUY-eACK OF SECURITES) REGUlATIONS,2018,ASAMENDEDf'BUY~KREGUlATlONS") The Public Announcement dated June 24. 2020 in relation to the Buy-back was publshed on June 25, 2020 in Financial Express, an Englsh national daly. Jansatta, a Hindi national daily and Navshakti, a Marathi language daily (Marathi being the regional language of Maharashtra, where our Registered Office is located). The Buy-back wll open on Tuesday, August 4. 2020 and wil close on Monday. August 17. 2020 and the last date and time for receipt of the completed Tender Form is Wednesday, August 19, 2020 by 5.00 p.m. The letter of offer for the Buy-back and the tender forms (along with Form SH-4 ), dated July 28, 2020 (the "Letter of Offef) has been dispatched on July 28. 2020to all the Eligible Share holders as on July 3. 2020 (the"Record Date' ), as received from the Depositories, through (a) electronic mall to Eligible Share holders whose e-mal IDs are registered In the records of the depository participants as on the Record Date, and (b) ptlysical mode to Eligible Shareholders whoae &-mall IDs are not registered with the Depositories. at their registered address. The Letter of Offer and this dispatch advertlaement shall also be made avalable on the website of the Securities and Exchange Board of India at www.sebl.gov.ln and on the websites of the Indian Stocfl Exchanges where the Company Is listed at www.bselndla.com, www.nselndla.com and www.msel.ln, the website of the Company at www.justdlal.com, the website of the Reglslrarto the Buy-Back at https:/,1uirlsma.kflntech.a:im and the website of the Manager to the Buy.back at www.nomuraholdings.com/companyfg~asla/lndlaf Index.html. In case of any query, the Eligible Sharehdders may also contact the Registrar to the Buy­back, KFin Technologies Private Limited on Tel: +914067162222; Fax: +914023431551 ; Email: [email protected]. The documents for inspection for the Buy-back shall be available on tha website of the Company on the link https:/fwww.justdial.com/ c:ms/investor-relalions/share-buyback.

Capitalized terms used but not defined in this advertisement shall have the meaning asslgnedtosuchtennslntheletter ofOffer.

Oate : Juty28,2020 Place: Mumbai

ByOrdwofth•Bo•rd ForJuatDlalllmlted

Sdf• M■n■nUd■nl

Company Secretary

SUTLEJ TEXTILES AND INDUSTRIES LIMITED R911d.~i~~r:tGJ~~~=:~;~:~d~~1~~2(Raj.)

w.t>■it•: www.sutlejtextiles.com CIN NO : L 17124RJ2005PLC020927 1------NOTICE--------t

Pursuant t o Regulation 29{1 )(a) of the SEBI {List ing Obligations and Disclosure Requirements! Regulations, 2015, notice is hereby given that a meeting of the Board of Directors of the Company will be held on Tuesday, the 11 " August , 2020, inter-alia, to consider, approve and take on record the Un-Audited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 30"' June. 2020.

P11c■: M1111'8i Dltq; 21• J,IJ, 20lO

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KTPS-VII stage (1x800 MW) - Design, Engineering, Supply, Erection, Tesling & Commissioning induding Civil works of Ash Water Recovery Sys1em pertaining to KTPS-VII Stage , Palondla, Bhadradri Kothagudem Dist. Value of the wootS: t.12 Crore. Sdleduled Available & Closing Date: 29.07.2020at 15:00Hrs& 17.08.2020at 17:00 Hrs. Bid Submission Start& End Date: 28.08.2020at 15:00Hrs& 1U9.2020at 15:00Hrs.

NSHES-Design, Manufacture, Testing at manufacturer's works, Inspection, packing, supply and delivery of LT 3.5 Core 240 Sq.mm Aluminium Conductor, XI.PE illSulated, extruded PVC inner sheathed, GI Armoured, FRLS (Fire Retardant Low Smoke) outer sheathed, Aluminium Power cable suitable for solidly grounded systern forNagarjuna Sagar Hydro Electric Scheme, Nagarjuna Sagar, Nalagonda Dist Value of the WOl'ks: '-35,55,000/-. Scheduled Open & Closing Date: 14.07.2020 at 17:00 Hrs & 04.08.2020at14:00Hrs.

KTPS-V & VI Stages - AC Equipments at various locations in 9th Un~ R&M wor11S required for KTPS-V & VI Stages, Paloncha, Bhadradri Kothagudem Dist - Fixing up of Agency. Value of the works: ?.16, 12,0461-. Sctieduled Open & Closing Date: 25.07.2020 at 20:00 Hrs &05.08.2020 at 15:30 Hrs.

CETD - Providing Boarding facilities at Canteen of Centre of Excellence for Training & Development, Paioncha, Bhadradri Kolhagudem Dist. Value of the works: '-24,05,6851-. Scheduled Open & Closing Date: 22.07.2020 at 12:30Hrs&21 .08.2020at1S:OOHrs.

+; Hexaware Technologies Limited Regd. Office: Bldg 152, Millennium Business Park, Sector Ill, A Block, TTC Industrial Area, Mahape, Navi Mumbai -400 710. I-IEXAWARE Phone: 022-4159 95 95; Fax: 022-4159 9578; Website: www.hexaware.com; E-mail: [email protected] CIN: L72900MH1992PLC069662

A) CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED Notes on segment ;n10,maUon JUNE 30, 2020 The Group's organization structure reflects the industry business segmentation. The Chief Operating Decision Maker evaluates

~ in Million except per share data) :~;;~:t'ltc~~j~;,n~~o~~ti~~o~:!e~e~ns~~~~!~~;sa~!~nth~~!lybs~!ii~s~a~~u~:n~ormance Indicators by business

~------------~a-,-,n-.. ~-a-,-,n-,-, ~a-,-,,.-.,~s-,,-.-,-.. -.,,,-,,-M-,-.. -.,~-v-.. -, ~ Segment assets and Uabllltles Ended Ended Ended Ended Ended Ended Assets and liabilities used in the Group's business are not identified to any of the reportable segments as the assets are used

Partlculars

INCOME Revenue from operations Exchange rate difference (net) Other income Total Income EXPENSES Software and development expenses Employee benefits expense Operation and other expenses Finance costs Depreciation and amortisation expense Total expenses Profit before uceptlonal Item, tax and share In profit ol associate Exceptional Item • Acquisition related costs (Reier Note 5) Profit before tax and share In profit of associate Share In profit of associate (Net of tax) Profit before tax Tax expense Current tax Deferred tax (credit) Total tax expense Profit for the period / year OTHER COMPREHENSIVE INCOME I) ,.,,,_,,.. will not be redasslffedto prolltorloss

Remeasurement of defined benefit plan Income tax relating to items that will not be reclassified to profit or loss

II) Items that will be reclauJfled to profit or loa Net change in fair value of cash flow hedges Exchange differences in translating the financial informalion of foreign operations Income tax relating to Items that will be reclassified to crofit or loss

Total other comprehensive Income/ (loss) Total comprehensive Income for the period / year Paid up equity share capital (face value of ? 2/- per share) Other equity excluding revaluation reserve Earnings per share (In Rupees) Basic Diluted

JP' Jun'2020 31 • Mr2020 311"" Jun'2019 30"' Jll'l'2020 30"" Jun'2111g 31• Dac'201I interchangeably between segments. Accordingly no disclosure relating to segment assets and segment liabilities are made.

(Audited) (Unaudited) (Audited) (Audited) (Audiled) (Audited) C)HEXAWARETECHNOLOGIESLIMITEO-STANOALONEBASIS ,._ - 31 STANDALONE ANANCIALRESULTS FORlliE QUARTER AND SIX MONTHS ENDED JUNE 30, 2020

15,691 .21 15,417.55 13,083.35 31,108.76 25,723.54 55,825.18 (71 .33) 434.17 73.84 362.84 (8.70) 192.71

31 .84 5.46 34.63 37.30 75.'R 89.38 15,651.72 15,657.16 13,191.82 31,508.90 25,790.21 56,107.27

2,920.64 2,763.24 2,872.28 5,683.88 5,926.89 11,828.42 9,108.91 9,174.23 8,972.75 18,283.14 13,633.60 30,279.28

948.52 1,144.10 1,120.03 2,092.62 2,158.12 4,937.21 153.96 111.90 9.90 265.86 9.97 74.02 636.67 517.71 205.48 1,154.38 353.75 1,033.53

13,768.70 13,711.18 11,180.44 27,479.88 22,082.33 48,150A6

1,883.02 2,146.00 2,011 .38 4,029.02 3,707.88 7,956.81

169.55 169.55 168.24

1,883.02 2,146.00 1,841 .83 4,029.02 3,538.33 7,788.57 2.09 0.58 0.86 2.67 1.47 4.10

1,885.11 2,146.58 1,842.69 4,031.69 3,539.80 7,792.67

484.46 428.80 371 .91 913.26 802.19 1,538.49 (123.87) (31.85) (42.75) (155.72) (180.89) (159.25)

380.59 396.95 329.18 757.54 841.50 1,379.24 1,524.52 1,749.63 1,513.53 3,274.15 2,898.30 8,413.43

(125.98) (60.33) 3.34 (186.31) 32.87 (181.96)

43.29 9.87 (0.56) 53.16 (3.23) 34.13

306.53 (626.40) 59.70 (319.87) 404.72 201.63

45.67 403.17 (20.70) 448.84 (72.45) 277.99

(72.64) 64.28 (6.75} {8.36) (79.781 39.28 196.87 (209.41) 35.03 (12.54) 282.13 371.07

1,721.39 1,540.22 1,548.56 3,261 .61 3,180.43 6,784.50

597.76 596.TT 596.03 597.76 596.03 596.77 27,057.86

5.10 5.86 5.08 10.97 9.73 21.52 5.04 5.79 5.01 10.83 9.59 21.24

~ in Million except per share data) Quarter Querier Quarter Six Monlha Six Month Year Ended Ended Ended Ended Ended Ended

Partlc:ul■ra 30"'Jll'l'2020 31•Mer'2020 30"'Jll'l'2019 30"'Jun'2020 JJ"Jun'2019 31•Dec'2019

(Audited) (Unaudited) (Audited) (Audited) (Audited) (Audited) __ ,,

INCOME 5,738.65 Prom before tax 1,317.31 Prottt tor th• period / year 1,083.79 Total comprehensive income for the period / year 1,234.99 Paid up equity share capital (face value of t 21· per share) 597.76 Other equity excluding revaluation reserve Earnings par share (In Rupees) Basic 3.63 Diluted 3.59

D) Nolea:-1) The Consolidated audited financial results and standalone

audited financial results of the Company, reviewed and recommendedbytheAuditCommittee, were taken on record by the Board of Directors of the Company at its meeting held on July 28, 2020.

2) Information on segments has been disc:fosed on a consolidated basis In accordance with Ind AS 1 08 "Operating Segment''

3) The figures for the quarter ended June 30, 2020 are the

~a!fxn~i~~~i~~:~i~=~~=~~~:;g,d~~d0f~~~rI~~~n~eussite~ S) figures (subjected to limited review) for the quarter ended March 31, 2020 as reported by the Company.

4) The Group has adopted Ind AS 116 ("the Standard"), effective annual reporting period beginning January 1, 2020 and applied the standard to Its leases using modified retrospective approach, with the cumulative effect of initially applying the Standard, recognised on the date of initial application (January 1, 2020). Accordingly, the Company has not restated comparative information , instead, the cumulative effect of initially applying this Standard has bun recognised as an adjustment to the opening balance of retained earnings as on January 1, 2020. In respect of the consolidated results: On account of the aforesaid change, the Operations and other expenses is lower byt 191 .93 Million for the quarter 6) ended June 30, 2020{'358.81 Millionforthesixmonth ended June 30, 2020 and , 166.88 Million for the quarter ended March 31, 2020). Depreciation and amortization is higher by , 165.41 Million for the quarter ended June 30, 2020 ('{' 310.41 Million lor the six month ended June 30, 2020 and

6,015.49 5,071.66 11,754.34 10,159.41 21,774.31 1,469.02 1,371.60 2,786.33 2,763.07 6,091.16 1,196.30 1,142.69 2,280.09 2,328.83 5,075.33

605.41 1,198.42 1,840.40 2,683.41 5,188.41

596.77 596.03 597.76 596.03 596.77 18,916.32

4.01 3.83 7.64 7.82 17.03 3.96 3.79 7.54 7.71 16.81

finance leases, applying Ind AS 17 an amount oft 251 .42 Million has been reclassified from property, plant and equipment to right-of-use asset. Prepaid rent on leasehold land, which were earlier classified under Other assets have been reclassified to right-of-use assels by? 518.55 Million and an amount of t 0.17 Million in other current financial liabilities has been adjusted against right.of-use asset. The cumulative effect on transition in retained eamings net off taxes is, 126.45 Million {net of deferred tax of' 26.05 Million). The Group on June 13, 2019acquired 1 00%equityin Mobiquity Inc. and Its subsidiaries (together referred to as Mobiquity). Mobiquity Inc. ls headquartered In the US, and with a global presence across 3 continents, Mobiqully is a customer experience consulting firm that specializes in creating frictionless multi-channel digital experiences using cloud technologies.

B) CONSOLIDATED SEGMENT REPORTING

t 145.00 Million for the quarter ended March 31, 2020) and Finance costs is higher by f 71.85 Million for the quarter ended June 30, 2020 (f 144.14 Million for the six month ended June 30,2020 and f 72.30 Million for the quarter ended March 31,2020).

The transaction costs of, 169.55 million and, 168.24 million were shown as an exceptional item in the consolidated results for the quarter and six month ended June 30, 2019 and year ended December 31, 2019 respectively. Considering the aforesaid business combination, the results for the quarter and six month ended June 30, 2020 are not comparable with that of the quarter and six month ended June 30, 2019 and with the year ended December 31 , 2019 During the quarter ended June 30, 2020, HT Global IT Solutions Holdings Limited (MHolding Company• , "Promoter"), expressed their Intention to make voluntary dellsting offer to acquire all fully paid-up equity shares of the Company that are held by the Company's public shareholders as defined under the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009asamended from time to time. The Board has discussed and provided Its consent to the Proposed Delistlng, In accordance with Regulation 8(1)(a) ol the Delisting Regulations. The public shareholders consent through postal ballot is being sought by the Company. COVID pandemic: The Group has assessed the impact on the recoverability of the receivables (including unbilled) and other current and non-current assets including goodwill considering both intemal and extemal information available 1111 date. It has also assessed, the probability of occurrence of forecasted transactions in the hedging relations, credit risk of the counter party to the derivative contracts and banks. The Group, based on the analysis on assumption used, believes that the carrying value of these assets are recoverable. Considering the fact that the global situation Is evolvlng day by day with new facts and numbers. the economic Impact of pandemic could be different from the estimated till date bylhe management. The management is continuously monitoring the material changes.

Querter Quarter Quarter

Particulars Ended Ended Ended

30"'Jll'l'2020 31•Mar'20203IJ'l'Jll'l'2019 (Audlled)

IR,lw-~ (Unaudited) (Audited)

REVENUEBYINDUSTRYSEGMENT Travel and Transportation 1,144.86 1,526.42 1,318.00 Banking and Financial services 6,046.34 5,679.62 5,204.69 Healthcare and Insurance 3,307.42 3,100.39 2,518.40 HI-Tech Professional Services 2,548.35 2,423.65 1,950.82 Manufacturino and Consumer 2,644.24 2,687.27 2,091 .44 TOTAL 15691.21 15417.55 13 083.35 SEGMENTRESULTBEFORETAX Travel and Transportation 156.58 272.73 256.94 Banking and Financial services 761 .78 613.41 639.09 Healthcare and Insurance 637.62 562.29 462.13 Hi-Tech Professional Services 578.24 438.93 308.17 Manufacturina and Consumer 578.92 448.62 451 .96 TOTAL 2,713.14 2,335.98 2,118.29 Add: Other income 31 .84 5.46 34.63 Add: Exchange rate difference (net) (71 .33) 434.17 73.84 Less: Exceptional item 169.55 Less: Finance costs 153.96 111 .90 9.90 Less: Depreciation and amortisation expense 636.67 517.71 205.48 Add: Share in orofit of associate lnet of taxi 2.09 0.58 0.86 Profit before tax 1,885.11 2,146.58 1,842.69

Place : New Jersey Date : July 28, 2020

Six Monlha Six Months Ended Ended

311"'Jwi'2020 .Jun'2019 (Audited) (Audited)

2,671.28 2,519.91 11,726.16 10,366.50 6,407.81 4,832.49 4,972.00 3,742.95 5,331 .51 4,261 .69

31108.76 25,723.54

429.31 495.12 1,375.19 1,213.66 1,199.91 844.80 1,017.17 617.13 1,027.54 834.22 5,049.12 4,004.g3

37.30 75.37 362.84 (8.70)

169.55 265.86 9.97

1,154.38 353.75 2.67 1.47

4,031.69 3,539.80

Veer Ended

31•Dec:'2019 {Audited)

5,589.40 21,517.68 10,895.79

8,166.61 9,655.70

!i!i.825.18

1,057.45 2,432.95 2,102.33 1,401.27 1,788.27 8,782.27

89.38 192.71 168.24

74.02 1,033.53

4.10 7,792.67

Further, a right-of-use asset 01, 4,045.09 Million and a corresponding lease llabllily of? 3,790.39 Million has 7) been recognized. In respect of leases that were classified as finance leases applying lndAS 17, an net amount oft 251.42 Million has been reclassified from property, plant and equipment to right-of-use asset. Prepaid rent on leasehold land, which were earlier classified under Other assets have been reclassified to right-of-use asse1s aggregating to ? 518.55 Milllonand an amount of? 46.49 rrillion In other current financial liabilities has been adjusted against right-of-use asset. The rumulative effect on transition in retained earnings is, 243.21 Million (net of deferred tax oft 50.23 Million). In respect of the standalone results: On account of the aloresaid change, the Operations and other

~~:~1~~:~~-e;:J:6:i·l~~n~~:i~~:~ :~~~:~~~~~: 8) 30, 2020 and? 81.98 Million I or the quarter ended March 31, 2020), Depreciation and amortization is higher by f 54.76 Million for the quarter ended June 30, 2020 (t' 110.12 Million for the six month ended June 30, 2020 and, 55.36 Million for the quarter ended March 31, 2020) and Finance costs is higher by? 73.05 Million for the quarter ended June 30, 2020 ~ 143.24 Million for the six month ended June 30,2020 and '{ 70.19 Million forlhe quarter ended March 31,2020). 9)

The Company had declared the final dividend oft 2.50 per share for the year ended in December 31 , 2019 which was approved by the shareholders at the annual general meeting held on July 4, 2020 and has been paid on July 7, 2020. Further, the Board of directors of lhe Company on June 23, 2020 had also declared first interim dividend for the quarter ended March 31 , 2020 oft 3.00per share, the said dividend has been paid on July 7, 2020. The Board of Directors of the Company at its meeting held on July 28, 2020 has declared second interim dividend of ? 1.50/- share.

Further, a right-of-use assot off 2,942.78 Million and a corresponding lease liability off 2,558.35 Miilion has been recognized. In respect of leases that were classified as 10) Figures !or the previous period has been regrouped

wherever necessary to conform to the current period.

For Hexaware Technologies Limited

R. Srikrishna (CEO and Executive Director)

(DIN-03160121)

Page 3: ~IEXAWARE · 2020. 6. 30. · Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulations''), enclosed herewith please find copy of Financial

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,.__fUtOridarlfi1111nce.oo.in ~?,~~~IWtCEUmED Plllce:Sh'rpur Oaarin,Gowrll Dltecl : 28.07.2020 Dndor

jJm.~!sL CIN: L74140MH1993PLC150054

Registered Office : Palm Court, Building-M, 501/B, 5th Floor, New Link Road, Besides Goregaon Sports Complex, Malad (West), Mumbai 400 064.

Tel. No: +91 22 2888 4060 Fax: +91 22 2889 3789 E-mall: [email protected] Website: www.justdial.com

(''COMPANY; IN RELATION TO TiiE OFFER TO BUY~K OF UP TO 31,42,857 FULL: PAID-UP EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES'1, All. TiiE ELIGIBLE SHAREHOLDERS OF TiiE COMPANY AS ON JULY 3, 2020. FRIJA: (THE "RECORD DATE;, ON A PROPORTlONATE BASIS, BY WAY OF A TENDER ROUTE THROUGH TiiE STOCK EXCHANGE MECHANISM FOR CASH AT APRICE OF RS 700/- PER EQLTI'Y SHARI: FOR AN AGGREGATE AMOUNT OF UP TO RS. 220,00.00, (''BUY~) UNDER TiiESECURITlESAND EXCHANGE BOARD OF INOIA(BUY~ OFSECURIT1ES)REGULA.TIONS,201B,ASAMENOED("BUY~CKREGULAT10NS'1 The Public Announcement dated June 24. 2020 In re la don lo lhe Buy-back was published o June25.2020 InFlnanclalExpress,anEnglishnationaldaily,Jansatta,aHlndlnalionaldal and Navshakti, a Marathi la~age daily (Marathi being the regional language Maharashtra, where our Registered Office is locatecl).The Buy-back wi l open on Tuesday August 4, 2020 and will close on Monday, A~st 17, 2020 and the last date and time receipt of the completed Tender Form is Wednesday,Augus119, 2020 by5.00 p.m. Thelette of offer for the Buy-back and the tender forms (along v.ith Fonn SH-4), daled July 26, 20 (the ' LetterofOffef")hasbeendlspatchedonJuly26,2020toallthe EllgibleShareholde as on July 3, 2020 (the' Recotd Da1e' ). as received from the Depositories. lhrough (a electronic mall to Eligible Share holders whose e-mail IDs are regislered In the reoords of th depository participants as on the Record Date, and (b) physical mode lo Elgibl Shareholders whose e-mail IDs are not registered with the Depositories, at their registere address. The Letter of Offer and this dispatch advertisement shall also be made avalable the website of the Securities and Exchange Board of India at www.sebi.gov.in and on t websites of the Indian Stock Exchanges where the Company Is listed at www.bselndla.com www.nselndla,com and www.msel.ln. the website of the Company at wwwJustdlal.com, website of the Reglsb'ar to the Buy-Back at https:I.Urisma.kftntech.com and the website of 1h Manager to the Buy-back at www.oomuraholdlngs.CQ'l'l/company/group/asia/indla/ index.him! In case of any query. the El gibla Shareholders may also contact tha Registrar to Iha B back. KFln Technologies Private Limited on Tel: +91 406716 2222: Fax: +91 40 23431551 Email: [email protected], The documenls for Inspection for the Buy-ba shall be available on the website of the Company on the Hnk https:llwww.Jus1dial.co ans/investor-lations/share-buyback.

capitalized terms used but not defined In this advertisement shall have the meanl assignedtosuchtermsintheLetterofOffer.

Da1e:July2B,2020 Place : Mumbai

By Order of the Board For Just Dial Limited

Sdl• MananUdanl

Company Secret

+; Hexaware Technologies Limited HEXAWARE Regd. Office: Bldg 152, Millennium Business Park, Sector Ill, A Block, TTC Industrial Area, Mahape, Navi Mumbai - 400 710.

Phone: 022-4159 95 95; Fax: 022-41599578; Website: www.hexaware.com; E-mail: [email protected] CIN: L72900MH1992PLC069662

A) CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ANO SIX MONTHS ENDED Notes on segment information

JUNE 30, 2020 The Group's organization structure ref1ecls the indus!ry business segmentation. Th~ Chief Operating Decision Maker evaluates

(' in Million except per share data) ~:;:~~~'!c~~~d~~;:,n~io~~,i~~~e~e~ens;~;~:~1:sae~n~nth~~:1y;~:ri~s~a;:!:n~;'.ormance indicators by business

~-----------~~0-,.-"-,.~-0-,.-rt-.,~-0,-,-",-,~.-,, -.-.,-lh-, ,5-,,-.-.,-, •• , - ,- , -,.~' Segment assets and liabilities Ended Ended Ended Ended Ended Ended Assets and liabilities used in the Group's business are not identified to any of the reportable segments as lhe assets are used

1-,..- ,""- .,,,.-t-3-1,-....,,,.--t-.,.- .,-0'20- 19+-,..- , .. -,-2020-t-,..-, .. -,,.-1-9t-31-, -""- '20--<l9 Interchangeably between segments. Accordingly no disclosure rela1ing to segment assets and segment liabilities are made. Parllcutars

(Audi led) (Unaudited) (Audited) (Audlled) (Audited) jAudlled) C) HEXAWARE TECHNOLOGIES LIMITED· STANDALONE BASIS """"°" 31 STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED JUNE30, 2020 1-,N- C_O_M_E __________ _,_ __ -+----+----+----+----+----, _ _ _ _ _ ,-- ..,... ft in Mil~on exceptpersharedata)

IRevenuelromoperations 15,691.21 15,4 17.55 13,083,35 31,108.76 25,723.54 55,825.18 Ou■rter Quarter Querier Six Months Si• Monthr Year

~:i:::::m~ed1fference(ne1) {7~;~1 ~:!~ ~::~ 3;~:: ~S~~; 1:::~ Parliculars 311"E;!~ 31. E.;!,~ ,/;!~19,JD"E;:~JC/;:~9 31.E:~19

r-~=••=•'"''=" ~=•~m~• ---------,l-'' ~5,~65~1.~72°+'1~5,8~5~7-~18+ 1~3,=191.82 _!!~ 25,790.21 56,107.27

Software and development expenses Employee benefits e1pense Operation and other expenses Finance costs Depreciation and amortisation expense Total expenses Profit before- exceptional Item, tax and J hare In profit ol associate Exceptional item - Acquisition related costs (RelerNofe5)

2,920.64 9,108.91

948.52 153.96 636.67

13,768.70

1,883.02

2,763.24 9,174.23 1,144.10

111.90 517.71

13,711.18

2,146.00

2,872.28 5,683.88 5.926.89 11,826.42 6,972,75 18,283.14 13,633.60 30,279.28 1,120.03 2,092.62 2,158.12 4,937.21

9.90 265.86 9.97 74.02 205.48 1,154.38 353,75 1,033.53

11,~ 27,479.8!_ E,oa2.3! ~ 8,150.46

2,011 .38 4,029.02 3,707.88 7,956.81

169.55 169.55

INCOME Prolit before tax Prom tor the period I year Total comprehensive- Income for the pe-rlod f year Paid up equity share capital (face value of t 21· per share) Other equity e1cluding revaluation reserve Earnings per s hare (In Rupee-s) Basic Diluted

Profit before tax and share In p rofit of , D) Notes :•

(Audited)

'""""°"~ 5,738.85 1,317,31 1,083.79

1,234.99

597.76

3.63 3.59

"';~~=-~•~';-~-ot ~ro~n~, .~,-,'50<:- ;~,te~N~el~o~, ,.,~---,1--"-c=sr-'~~,--'-==,--'-==l--"~-=f~7•-7'~!:~~~'" ' I) !~~l~:~:\~ !us~\~ ~~~':~~:~~~/~v~!~":~~~ 1,883.02 2,146.00 1,841 .83 4,029.02 3,538.33 2.09 0.58 0.86 2.67 1.47

Profit before tax 7 792 67 recommended by the Audit Committee, were lake non record "'T"".,~,~,p~e~n,~,= ~--------+-==-+-==-+-==-+-==-+-==+-~•= ·= :~~~=~~~~~'.reclorsoflheCompanyat Its meeting held

Current tax 1,538.49 2) lnlonna1Jononsegmentshasbeendisdosedonac:011solidated ..,o~•'~•'~'e<f= la~• ~<~••~dit~) _______ ~t:_".;.';.~~';:,t:_~~~~-:-:_t:_~==+-o==t-..==,-,,~5~9.~25'-' 1 basislnacoordancewilhlndAS10B·OperatingSegmenr Total lax expense 1,379.24 3) The figures for tha quarter ended June 30, 2020 are the

1,885.11 2,146.58 1,842.69 4,031 .69 3,539.80

484.46 428.80 371,91 913.26 802,19 (123.87 31 .85) (~ ( 155.72) 160.69)

360.59 396.95 329.16 757.54 641.50

(Unaudited) (Audi ted)

6,015.49 1,469.02 1,196.30

605.41

596.n

4,01 3.96

I 5,071.66 1,371 .60 1.142.69

1,198.42

596.03

3.83 3.79 1

(Audited)

11,754.34 2,786,33 2,280.09

1,840.40

597.76

7.64 7.54

(Audlted)

10,159.41 2,763,07 2,328.83

2,663.41

596.03

7.82 7,71

(Audited)

21 .774,31 6,091.16 5,075,33

5,168.41

596.n 18.916.32

17.03 16.81

finance leases, applying Ind AS 17 an amount off 251.42 Mill ion has been reclassified from properly, plant and equipment to right -of-use asset. Prepaid rent on leasehold land, which were ealtier classified under Othar assets have been reclassified lo right-of-use assets by ( 518.55 Million and an amount oft 0.17 Million in other current financial liabili ties has been adjusted against right-of-use asseL The cumulative effect on transibon In retarned earnings net off

1~;.';!~~~rd~;:;~;:~,~:~~COME 6,4 13.43 ~~:.n~i~l~i~~~~r;!:~:~~~:~_d::o~~~~~n~e:i:~ 5) figures (subjected to limited review) for the quarter ended March 31, 2020 as reported by the Company.

1,524.52 1,749.63 1,513.53 3,274.15 2,898.30 taxes is::: 126.45 Million (net oldeferred laJC oH' 26.05 Million). The Group on June 13, 2019acquired 100%equityinMobiqulty Inc. and Its subsidiaries (together referred to as Moblqulty),

i} ttems that will nol be reclassified to profit or loS5 Remeasurement of defined benefit plan

- Income tax relating to it ams that will not be reclassified to profit or loss

II) ttems that w/11 be reclassified !o prolitor Joss

(125.98) (60.33)

43.29 9.87

3.34 (186.31) 32.87

(0.56) 53.16 (3.23) 34.13

(181.96) 4) The Group has adopted Ind AS 116 ("t he Standard"), effective annual reporting period beginning January 1, 2020 and applied !he standard to Its !eases using modified retrospective approach, wilh the cumulative elfect o l inibally applying the Standard, recognised on the date of initial application (January 1 , 2020). Accordingly, the Compan~ has not resta ted comparative information, instead, the cumulative effect ol inr!Ialfy applying this Standa1d has been recognised as an adjustment to the opening balance of retained earnings as on January 1, 2020.

• Nel change in fair value of cash ftow hedges 306.53 (626.40) 59,70 (319.87) 404.72 201 .63 - Exchange differences in translating the le financial information of foreign operations 45.67 403. 17 (20.70) 448.84 (72.45) 277.99

Income tax relating to Items that will be o:::t::~e=~::r:~:~~~:: Income f (ioss) ~~ {2~\~~--~{:J - , 1(}:~:~ - ';;/,~ ~~~ Toi&! comprehen sive Income for the

I peri od / year Pard up equity share capital (lace value of ? 2/- per share)

01her eauity excludina revalua1ion reserve Earnings per share (In Rupees) Basic Diluted

1,721 .39 1,540.22

597.76 596.77

5. 10 5.86 5.04 5.79

1,548.56 3,261 .61 3,180.43 6,784.50

596.03 597.76 596.03 596.77 27,057.86

5.08 10.97 9.73 21 .52 5.01 10.83 9.59 21.24

B) CONSOLIDATED SEGMENT REPORTING

Particulars

REVENUE BY INDUSTRY SEGMENT Travel and Transportatlon Banking and Financial services Healthcare and Insurance Hi-Tech Professional Services Manufacturing and Consumer TOTAL SEGMENTRESULT BEFORE TAX Travel and Transponatlon Banking and Financial services He.:ilthcare and Insurance Hi-Tech Professional Services Manufacturing and Consumer TOTAL Add: Other Income

I ~~~~~r ~~~!:' ~~•:!:r SlxE~:en~h• Sl~~~o,~h• E~~a:d

30" Joo'2020 31"' Mar'20:20 :JOI" Jun'2019 3(1111 Jon'20'20 30" Joo'2019 31"' Dec'2019 (Audited) (Unaudited)

(fllfwNoll3) (Audited) (Audited) (Audited) (Audited)

I I 1.1••·"

6,046.34 3,307.42 2,548.35 2.644,24

15,691 .21

156.58 761 ,78

---+ 637.62 578.24 578,92

2,713.14 31.84

1,526.42 5,679.82 3, 100.39 2,423.65 2,687.27

15417.55

1,318,00 2,671.28 2,519.91 5,589.40 5,204.69 11 ,726.16 10,366.50 21,517.68 2,518.40 6,407.81 4,832.49 10,895.79 1,950.82 4,972.00 3.742.95 8,166.61

1; •:!:~ 3~-~~:;~ 2::~:!::: s:::~~:~~ I

272.73 256.94 429.31 495.12 1,057.45 613,41 639.09 1,375.19 1,213.66 2.432.95 562.29 462.13 1, 199.91 844.60 2,102.33 438.93 308. 17 1.017.17 617. 13 1,401 .27 448.62 _ 451 .96 _ 1,027 ,54 834 .22 _ 1 ,788.27

2 335.98 2,118.29 5 049.12 4 004.93 8,782.27 5.46 34.63 37 .30

Add: Exchange rate difference (nel) (71 .33) 434.17 73.84 362.84 75.37 89.:38 I I (8.70) 192.11 II

Less: Exceptional item 169.55 169.55 168.24 74.02

Less; Depreciation and amortlsaUoo expense 636.67 517,71 205.48 1,154.38 353.75 1,033.53 Less: Finance costs I 153.96 11 1.90 9.90 265 .86 9.97

~-Share in profitofassociateloetoluaxl 2.09 O~!L ____!l-~6 _ ~-~ ~g ~10 1

~ t before tax --~l1_,B_B5_.1_1 ~ • •_14_6_.5_8 ~ 1_,84_ 2_.6_9~ 4_,0_31_.6_9~ 1 3_,53_9_.80~_7_.792.67

Place : New J ersey Date : July 28, 2020

In rupect of the consolidated results : On account of lhe aforesaid change, the OperaUons and other expenses Is lower by f 191.93 Mlllion !or the quarter ended June 30, 2020 (t 358,81 Million tor the sill month ended June 30, 2020 and? 166,88 Million for lhe quarter ended March 3 1, 2020) , Depreciallon and amortization is higher by , 165.41 MUHon for the quarter ended June 30, 2020 (t 310.41 Million for the six month ended June 30. 2020 and f 145.00 MIiiion for the quarter ended March 31 , 2020) and Finance costs is higher by~ 71 .85 Million for the quarter endod June 30, 2020 (t 144. 14 Million to r the s i1 month ended Juf"le 30. 2020 and t' 72.30 Miltlon tor lhe quat1er ended March 31,2020). Further. a right-al-use assel off 4,045.09 MIiiion and a corresponding lease llabllily o f t 3,790 .39 MIiiion has been recognized. In respect of leases that were classified as finance leases applying Ind AS 17,an netamounlol,251.42 Million has been reclassified from property, plant and equipment to right-ol-use asset. Prepaid rent oo leasehold land, which were earlier classif!ed under Other assets have been reclassified to right-o f-use assets aggregaling to f 518.55 MiUion and an amount of, 46. 49 million inothercun-ent linancial llabllities has been ad/usIed against right-of-use asset. The cumulative effect on tranSWOO in retained earnings ls, 243.21 Million (nel ol de!erred tax off 50.23 Million). In respect o f the s 1andalone resulls: On accoun1 of theaforesaidd'lange, the Operations and other expenses Is lower by f 90.99 Million for the quarter ended June 30, 2020 ~ - 172.96MIl1ion forlhes!JC month ended June 30, 2020and, 81.98Milliofllorthequarter eoded March 31, 2020), Depreciation and amort1zaUoo ts higher by f 54.76 MillionforthequarterendedJune 30, 2020 {t 110.12 Millioo /or the six month ended June 30, 2020 and f 55.36 Mill!on tor the quarter ended March 3 1, 2020) and Finance costs is higher by? 73,05 Million for the quarter ended June 30, 2020 (f 143.24 Million for the six month ended June 30,2020 and ?70,19 Million for the quanerended March 31,2020) , Further, a righ1-ol•use asset of? 2,942 .78 Million and a corresponding lease liability of? 2,558.35 Million has been recognized. In respect ol leases tha1 were classilled as

Moblqulty Inc. is headquartered in the US, and wilh a global presence across 3 continents, Mobiquily is a customer experience consult!ng lirm that specializes In creating friction less mul11-channel digi1aI experiences using clOud technologies. Thetransactioncostsolf 169.55 mlmon andt 168.24million were shown as an exceptional item in the consolidated results for the quarter and six month ended June 30. 2019 and year ended December 31 , 2019 respectively. Considering lhe aforesaid business combination, the results for the quarter andslx month ended June 30, 2020 are not comparable with that or the quarter and si• month ended June 30, 2019 andwilhtheyearended Oecember31 , 2019

6) During the quarter ended June 30, 2020, HT Global IT So lu tions Holdings Limired ("Holding Company·, •Promoter"), expressed their intention lo make voluntary delisting offer to acquire all fully paid-up equity shares ol the Company that are held by the Company's public shareholders as defined under the Securities and Exchange Board of India (Delisting of EquUy Shares) Regulations. 2009as amendedfromtimetotime. The Board has discussed and provided fts consent to the Proposed Delisling , in accordance wilh Regulation 8(1)(a) of the Oelisting Regulations. The pubtic shareholde rs consent through postal ballot is being sought by lhe Company.

7) COVID pandemJC: The Group has assessed !he impact on the recoverability ot 1he receivables (Including unbilled) and o ther current and non-current assets Includ ing goodwill considering both internal and exte mal inlormation available till date. It has also assessed, the probability ol occurrence of forecasted transactions in the hedging relations, credi1 risk ol the counter party lo the derivative contracts and banks, The Group, based on Ihe analysis on assumption used, believes !hat the carrying value of these assets aro recoverable . Considenng the lact that the global situation is evolving day by day with new facts aod numbers, the economic impact of pandemic could be different from the esUma!ed till dale by the management. The management is continuously monitoring the material changes.

8) The Company had declared the final dividend oft 2.50 per Share for lhe year ended In December 31 , 2019 which was approved by the shareholders at the annual general meeting held on July 4, 2020 and has been paid on July 7, 2020. Further, the Board or directorsoftheCompanyon June 23, 2020 had also declared fi rst interim dividend lorthe quarter ended March 31 , 2020 oH' 3. 00 per share, the said dividend has been pald oo July 7, 2020.

9) The Board of Directors of the Company at its meeting held on July 28, 2020 has declared second interim d ividend of ? 1.50/- share.

10) Figures !or the previous period has been regrouped wherever necessary to conform to the current period.

For Hexaware Technologies limited

R. Srlkrlshna (CEO and Executive Director)

(DIN-03160121)