BSECompany Update2d ago · 17 Aug 2026, 10:52 pm
Update on Sale of Assets
Mastek Ltd · 523704
✦ AI SummaryDivestiture
Mastek Ltd has completed the sale of a commercial building in Chennai, receiving Rs. 60 crores in two tranches.
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Mastek Ltd - 523704 - Update On Sale Of Assets
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SEC/047/2026-27 August 17, 2026
Listing Department Listing Department
BSE Limited The National Stock Exchange of India Limited
25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G,
Dalal Street, Fort, Bandra Kurla Complex,
Mumbai-400 001 Bandra (E), Mumbai – 400 051
SCRIP CODE: 523704 SYMBOL: MASTEK
ISIN: INE759A01021
Dear Sir(s) / Ma'am(s),
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”) – Update on Sale of Asset
In continuation to our earlier communication vide letter no. SEC/010/2026-27 dated April 24, 2026 and pursuant to
Regulation 30 read with Schedule III of the SEBI Listing Regulations, as amended from time to time, we hereby inform
you that the Company has successfully completed the sale of commercial building with approximate built-up area of
1,57,233 Sq. Ft. on a leased land admeasuring 15.50 acres at Mahindra World City, SEZ, Chengalpattu, Chennai.
The requisite details pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI circular
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are as follows:
Sr. Particulars Details
A. The amount and percentage of the turnover or Considering that the sale is of an asset, the said details are
revenue or income and net worth contributed not applicable.
by such unit or division or undertaking or
subsidiary or associate company of the listed
entity during the last financial year.
B. Date on which the agreement for sale has been August 17, 2026
entered into.
C. The expected date of completion of The transaction was completed on August 17, 2026
sale/disposal.
D. Consideration received from such The Company received the aggregate consideration of Rs. 60
sale/disposal. crores in two tranches in accordance with the terms of the said
MOU dated April 24, 2026.
E. Brief details of buyers and whether any of the The buyer is Caresoft Mobility Private Limited.
buyers belong to the promoter/ promoter
group/group companies. If yes, details thereof. The said entity does not belong to the promoter/promoter
group/group companies of the Company.
F. Whether the transaction would fall within The transaction does not fall within the purview of Related
related party transactions? If yes, whether the Party Transactions.
same is done at “arm’s length”.
Mastek Limited
804/805, President House, Opp. C. N. Vidyalaya, Near Ambawadi Circle, Ahmedabad – 380 006
Tel: +91-79-2656-4337 | Email: info@mastek.com | Web: www.mastek.com | CIN: L74140GJ1982PLC005215
Sr. Particulars Details
G. Whether the sale, lease or disposal of the This sale of property is not part of a Scheme of Arrangement.
undertaking is outside Scheme of
Arrangement? If yes, details of the same Further, the sale of the said land and building does not attract
including compliance with regulation 37A of the terms of regulation 37A of the LODR Regulations, as it
LODR Regulations. does not constitute an undertaking or substantially the whole
of the undertaking of the Company under section 180 (1)(a)
of the Companies Act, 2013.
H. Additionally, in case of a slump sale, indicative Not applicable.
disclosures provided for
amalgamation/merger, shall be disclosed by
the listed entity with respect to such slump sale.
This is for your information and record.
Thanking you.
Yours faithfully,
For Mastek Limited
Reena Raje
Company Secretary & Compliance Officer
Membership No.: A21440
Mastek Limited
804/805, President House, Opp. C. N. Vidyalaya, Near Ambawadi Circle, Ahmedabad – 380 006
Tel: +91-79-2656-4337 | Email: info@mastek.com | Web: www.mastek.com | CIN: L74140GJ1982PLC005215