Mastek Ltd Re-submits Tax Order Disclosure

Mastek Limited has re-submitted its intimation regarding a Final Assessment Order from the Income Tax Department for FY 2022-23. The re-submission was prompted by BSE's request for clarification on the delay in the initial disclosure. Mastek explained the delay was due to the order being received on a weekend and the time required for internal review. The order includes a transfer pricing addition of ₹90.95 crore and a domestic tax addition of ₹32.63 crore, totaling ₹123.58 crore. Penalty proceedings have also been initiated. Mastek believes there will be no material financial implication due to perceived errors in the computation, and intends to file objections.