Mastek Limited (NSE: MASTEK, BSE: 523704), a leading digital transformation services provider, is set to undergo a significant shareholding change as Hi5 Youth Foundation plans to acquire a 1.62% stake in the company through a gift from one of its promoters.

Transaction Details

Hi5 Youth Foundation is poised to acquire 500,000 equity shares, representing 1.62% of Mastek Limited's total equity share capital. The shares will be transferred as a gift from Mr. Sundar Radhakrishnan, a promoter of Mastek Limited, without any monetary consideration. The proposed transaction is scheduled to take place on or after September 19, 2025.

Implications for Shareholding Structure

Following the transaction:

• Hi5 Youth Foundation will become a new member of Mastek's promoter and promoter group.
• Mr. Sundar Radhakrishnan's holding in Mastek will decrease from 4.22% to 2.60%.
• The total promoter and promoter group shareholding will remain unchanged at 35.79%.

Key Points

• Mr. Sundar Radhakrishnan owns 60% of Hi5 Youth Foundation.
• The acquisition falls under the category of inter-se transfer among qualifying persons and is exempt from open offer requirements under SEBI regulations.
• The 60-day volume-weighted average market price for Mastek shares on the National Stock Exchange was Rs. 2,507.11.

Regulatory Compliance

Hi5 Youth Foundation has submitted the required disclosure to the stock exchanges as per Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The foundation has confirmed compliance with all conditions specified under Regulation 10(1)(a) for exemption from making an open offer.

About Mastek Limited

Mastek Limited is a global technology services company offering digital services and software for large public and private enterprises in the UK, US, Middle East, Asia Pacific, and India. The company specializes in providing agile digital transformation services, helping businesses adapt to rapidly changing market conditions.

Mastek UK, a wholly-owned subsidiary of Mastek Limited (NSE: MASTEK; BSE: 523704), has been named as a supplier on the Digital Technical Clinical Support (DTCS) Framework Agreement by NHS London Procurement Partnership (LPP). This strategic appointment positions Mastek to play a crucial role in driving clinical digital transformation initiatives within the NHS London network.

Framework Details

The DTCS framework is a key initiative designed to enable trusted access to clinical digital support services for NHS organizations and wider public healthcare bodies across the UK. It introduces greater flexibility, encourages SME participation, and broadens the scope to include:

• Clinical system architecture
• Development
• Integration
• Implementation
• Digital consultancy

This four-year framework replaces the former Clinical Digital Professional Services (CDPS) agreement and aims to accelerate the procurement of high-quality clinical digital solutions and infrastructure.

Mastek's Role

Under the Lot 1 agreement, Mastek will deliver services across:

• Cloud Hosting
• Environment Build
• Ongoing Operations and Maintenance

These services will support scalable, secure, and integrated clinical platforms.

Strategic Importance

Abhishek Singh, President UKI & Europe at Mastek, commented on the significance of this appointment:

"Mastek securing a place on the DTCS framework reinforces our continued focus on supporting the UK public sector and healthcare ecosystem. With a strong track record of delivering mission-critical digital services across NHS Trusts, Integrated Care Systems (ICSs), and Arms Length Bodies, we help NHS organisations modernise legacy systems, adopt cloud-native architectures, and build secure, patient-centric digital environments."

About Mastek

Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company has a presence in over 40 countries and a skilled workforce of close to 5,000 employees.

Mastek partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors including Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services.

The company is committed to driving innovation by developing strong ecosystems of start-ups, academia, and IPs. With its core values of trust, value, and velocity, Mastek empowers over 400 active customers to transform their businesses in the evolving tech landscape.

This latest framework appointment further solidifies Mastek's position as a trusted partner in the UK's healthcare digital transformation journey.