Mastek Limited has allotted 5,966 equity shares of Rs. 5 each to eligible employees under its Employee Stock Option Plans (ESOP) on March 05, 2026. The allotment was approved by the Stakeholder's Relationship Committee of the Board of Directors and involves employees who exercised their vested options under the company's ESOP schemes.

Share Capital Enhancement

The allotment has resulted in an increase in the company's paid-up share capital, with the newly issued shares ranking pari-passu with existing equity shares in all respects.

ESOP Plan Details

The shares were issued under two Employee Stock Option Plans that received in-principle listing approvals from both BSE and NSE:

Exercise Price Structure

The allotted shares were issued at varying exercise prices based on different tranches:

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits) Regulations, 2014. The shares carry distinctive numbers from 3,79,23,325 to 3,79,29,290 and are issued in demat form.

Share Characteristics

The newly allotted equity shares are identical to existing shares in all respects and carry no lock-in restrictions. They will be listed on both BSE Limited and the National Stock Exchange of India Limited, where Mastek's shares are currently traded.

Mastek has secured a major framework engineering contract worth £85 million with the UK Home Office's Migration & Borders Technology Portfolio to scale the ATLAS platform. The contract, announced through a press release under Regulation 30, represents a significant milestone in the company's partnership with the UK public sector.

Contract Details and Scope

The comprehensive engineering contract focuses on supporting, maintaining, and enhancing the Home Office's flagship ATLAS platform, which serves as the core system enabling Visa and Study routes, Asylum Casework, Border Force Operations, and Immigration Enforcement. The engagement deploys specialist engineering practices and teams to make ATLAS components scalable, resilient, and highly available.

Technology and Engineering Approach

The service implementation combines high-end engineering techniques with AI-driven engineering accelerators applied across human and automated casework and platform modernisation. Mastek will embed automation, AI, fraud reduction techniques, and platform modernisation to deliver secure, compliant, and resilient services at national scale.

The company expects significant growth in this contract as the Home Office plans to deliver various complex policies through the Atlas system over the coming years. The engagement reinforces Mastek's advanced and modern engineering capabilities in the UK public sector.

Strategic Partnership and Market Position

According to Abhishek Singh, President UKI & Europe at Mastek, this milestone deepens the partnership with the Home Office and reflects sustained confidence in the company's capabilities. The contract establishes Mastek as a trusted partner for critical government technology infrastructure requiring high security and compliance standards.

The announcement was made through an official press release issued by Mastek (UK) Limited, a wholly-owned subsidiary of Mastek Limited, and filed under SEBI Regulation 30 requirements. This contract win strengthens Mastek's position in delivering AI-first digital engineering and cloud transformation solutions to the UK government sector.