Hexaware Technologies

Hexaware Technologies Limited has informed the Exchange that "The Board of Directors of the Company at their meeting held on September 11, 2007 have approved allotment of unregistered American Depository Receipts (ADR) represented by underlying 10,555,700 equity shares of Rs.2/- each resulting out of conversion of 1,055,570 2.95% Series A Redeemable and/or Optionally Convertible Preference Shares in accordance with the Special Resolution passed by the members of the Company on April 13, 2006. Further the Company has submitted a copy of press release dated September 11, 2007 titled "General Atlantic converts Hexaware's preference shares into equity share @ 142.10 per share".