HDFC Mutual Fund has increased its shareholding in Mastek Ltd to 5.06% following the acquisition of 86,746 equity shares. The transaction, executed through the open market on July 15, 2026, raises the fund's total stake to 15,68,910 equity shares. This move triggers a disclosure requirement under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this acquisition, the fund held 14,82,164 shares, representing 4.78% of the company's paid-up equity share capital. The additional purchase of 86,746 shares, accounting for 0.28% of the capital, pushed the total holding past the 5% threshold. The disclosure was submitted to the stock exchanges on July 20, 2026.

The acquisition was carried out by HDFC Asset Management Company Limited, acting as the investment manager for HDFC Mutual Fund. Specifically, the shares were acquired by the HDFC Small Cap Fund. The acquirer clarified that it does not belong to the promoter or promoter group of the target company.

Shareholding Details

The following table outlines the changes in shareholding following the transaction:

The paid-up equity share capital of Mastek Ltd is reported as Rs. 15,50,03,910, comprising 3,10,00,782 equity shares of Rs. 5 each. The total diluted share capital remains unchanged as no convertible securities were involved in this transaction. The company's paid-up share capital was recorded as 3,10,02,407 equity shares as of July 20, 2026.

Mastek has been recognised in the second volume of '100 Years in Monarchy and Democracy,' a publication celebrating organisations that have made significant contributions to the United Kingdom over the past century. The company was selected for its longstanding technology-led transformation work, particularly within the public sector. This recognition highlights Mastek's role in shaping modern Britain through digital innovation.

Published by St James's House in collaboration with the History of Parliament Trust, the document explores the evolution of Britain's constitutional, political, and democratic institutions. It features an editorial interview with Abhishek Singh, President, UKI and Europe, Mastek, who emphasised the company's commitment to improving citizen experiences and advancing the nation's digital future.

For more than three decades, Mastek has partnered with government departments, public institutions, and regulated industries to modernise critical systems relied upon by millions of citizens daily. The company has supported major digital transformation programmes across immigration, defence, healthcare, financial services, and welfare. Key clients include the Home Office, Ministry of Defence, NHS, and financial regulators.

Beyond its technology transformation work, Mastek supports community initiatives focused on digital inclusion, STEM education, sustainability, and social value creation. The company operates as a global provider of enterprise AI, digital, and cloud services, with a presence in over 40 countries and a workforce of close to 5,000 employees. It partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks.

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full press release has been uploaded to the company's website.