Shares of Hexaware Technologies Limited jumped on 12 June, touching a day high of Rs 523.95 on the NSE. The stock gained over 4% after the company disclosed a significant legal development in the United States, where a federal court dismissed the core patent claims in a $500 million lawsuit that had been hanging over the firm since late 2025.

The case had serious numbers attached to it. Two US-based firms, Natsoft Corporation and Updraft LLC, had filed the lawsuit against Hexaware in October 2025, seeking $500 million in damages. 

The complaint covered nine patents across two patent families and named both Hexaware Technologies Ltd and its US subsidiary as defendants.

The United States District Court for the Northern District of Illinois ruled that the patents concerned abstract ideas rather than specific inventions. 

Under US law, abstract ideas cannot be patented. With that finding, the principal claims underpinning the litigation were dismissed.

Following the dismissal of the federal patent claims, the court declined to retain jurisdiction over the related state-law claims, which covered contractual and business allegations. 

Those claims were dropped at this stage without any ruling on their merits. The court’s ruling, disclosed by the company this week, removes much of the legal overhang. Hexaware CEO Srikrishna Ramakarthikeyan said the company had been confident in a positive outcome since the day the suit was filed. 

Hexaware also confirmed that its Amaze, Tensai and RapidX platforms are products of original engineering and do not infringe any third-party intellectual property.

One element remains open. Plaintiffs have been given a window to file an amended complaint and introduce a new federal claim. 

If they do not, the court is expected to issue a final judgement. Hexaware said the litigation has had no material impact on its operations or financial position.

At 12:13 am on 12 June, Hexaware Technologies was trading at Rs 499.30 on NSE, down 0.59% from its previous close as broader market selling pulled it off the day’s high.

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