MASTEK LTD.

HDFC Mutual Fund has disclosed its aggregate holdings in Mastek Ltd. As of July 15, 2026, the mutual fund schemes collectively held 5.06% of Mastek Ltd.'s paid-up equity share capital. This disclosure is made in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total paid-up equity share capital of Mastek Ltd. amounts to ₹15,50,03,910/-, comprising 3,10,00,782 equity shares of ₹5/- each. The acquisition was made through open market transactions.

Mastek Ltd has announced that its Board of Directors will convene on July 21, 2026, to consider and approve the consolidated and standalone unaudited financial results for the quarter ended June 30, 2026. The company also confirmed the closure of its trading window from June 30, 2026, until 48 hours after the financial results are made public, with the window set to reopen on July 24, 2026. An earnings conference call for investors and analysts is scheduled for July 22, 2026, at 12:30 PM IST to discuss the Q1 FY27 financial results and business outlook.

Mastek has been featured in the publication "100 Years in Monarchy and Democracy" for its significant contributions to the United Kingdom through technology-led transformation, particularly in the public sector. The company has partnered with UK government departments and public institutions for over three decades, modernizing critical systems for millions of citizens in areas like immigration, defence, healthcare, financial services, and welfare. The recognition highlights Mastek's role in digital transformation and improving public services, with an editorial interview featuring Abhishek Singhh, President, UKI and Europe. Mastek also continues to support community initiatives focused on digital inclusion and STEM education.

Mastek has partnered with Yanbu Cement Company (YCC), a leading Saudi Arabian cement manufacturer, to modernize and digitally transform YCC's production, sales, and dispatch operations. The collaboration leverages Industrial IoT, intelligent automation, and integrated enterprise platforms to enhance efficiency, scalability, and real-time visibility. This initiative aligns with Saudi Arabia's Vision 2030 and Industry 4.0 agenda. The transformation includes integrating Oracle Fusion Cloud ERP with IoT-enabled weighbridges, automated gate systems, and GPS tracking, resulting in improved customer experience, reduced manual dependency, faster truck turnaround times, and increased topline revenue. Yanbu Cement is positioned as a digitally enabled industrial leader with this future-ready platform.

Mastek Ltd has announced the closure of its trading window in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is in connection with the declaration of the company's unaudited financial results for the first quarter ending June 30, 2026. The trading window will be closed from June 30, 2026, until 48 hours after the submission of the financial results to the stock exchanges. Designated persons and their immediate relatives are restricted from trading during this period. The company will communicate the date of the board meeting for approving these results in due course.

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.

Mastek Ltd has received a Final Assessment Order from the Income Tax Department for FY 2022-23. The order includes a transfer pricing addition of ₹90,95,38,080 and a domestic tax addition of ₹32,62,88,114, totaling ₹1,23,58,26,194. Penalty proceedings under section 270A have also been initiated. The company believes there will be no material financial impact due to apparent errors in the computation sheet, such as incorrect tax rates, non-allowance of foreign tax credit, and non-grant of advance tax credit from a subsidiary. Mastek intends to file objections with the Income Tax Appellate Authorities.

Mastek Ltd has appointed Amit Gajwani as Chief Operating Officer (COO), effective immediately. He succeeds Prameela Kalive, who will remain with Mastek until the end of June 2026 for a smooth transition. Amit brings over 28 years of global leadership experience and previously served as Head of Europe, UK and Nordics at LTM Limited. Umang Nahata, CEO of Mastek, expressed excitement about Amit's appointment and thanked Prameela for her contributions.

Mastek Ltd has announced a significant change in its senior management, with Mr. Amit Gajwani appointed as the new Chief Operating Officer (COO), effective May 18, 2026. Mr. Gajwani is a seasoned global business leader with over 28 years of experience in driving growth, strategy, and large-scale operations. He previously held key leadership roles, including Head of Europe, UK, and Nordics at LTM Limited and Executive Vice President at Cybage. Concurrently, the current COO, Mrs. Prameela Kalive, will step down from her role and superannuate from the company as Senior Management Personnel, effective June 30, 2026. She will continue to be associated with Mastek to ensure a smooth transition of responsibilities.

Mastek Ltd has executed a Memorandum of Understanding (MoU) on April 24, 2026, for the sale of a commercial building located in Mahindra World City, SEZ, Chengalpattu, Chennai. The property has an approximate built-up area of 1,57,233 Sq. Ft. on a 15.50-acre leased land. The aggregate consideration for this sale is ₹60 crores, to be received in two tranches. The buyer is Caresoft Mobility Private Limited, which is not a related party to Mastek. The transaction is subject to the execution of definitive agreements and receipt of necessary regulatory and SEZ approvals.