Mastek Limited , a global technology solutions provider, has announced a significant change in its auditing arrangements for its material subsidiary, Mastek (UK) Limited. Grant Thornton UK LLP, which had been serving as the statutory auditor for the UK subsidiary since the fiscal year 2020, has resigned from its position effective September 17, 2025.

Resignation Details

The resignation comes as a result of an audit tender process, where Grant Thornton UK LLP was not reappointed. In their resignation letter, the auditing firm confirmed that there are no matters connected with their departure that should be brought to the attention of members or creditors of Mastek (UK) Limited.

Auditor's Tenure and Final Audit

Grant Thornton UK LLP had been appointed on a yearly re-appointment basis since FY 2020. Their most recent engagement involved auditing the financial statements for the fiscal year ending March 31, 2024, with the audit report signed on March 31, 2025.

Regulatory Compliance

In adherence to regulatory requirements, Mastek Limited promptly disclosed this information to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company filed the necessary intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.

Market Impact

Following the announcement, the BSE sought clarification from Mastek Limited regarding an increase in the trading volume of its securities. In response, the company assured that it has been consistently making all required disclosures to the stock exchanges and that there is no unpublished price-sensitive information that warrants disclosure. Mastek emphasized that any movement in the volume of its shares is market-driven.

Looking Ahead

While the resignation of an auditor can sometimes raise questions among investors, Mastek's transparent communication and Grant Thornton's clear statement regarding the absence of any concerning matters provide reassurance about the company's financial reporting integrity. As Mastek moves forward, the appointment of a new auditor for its UK subsidiary will be a development to watch for in the coming days.

Investors and stakeholders will likely keep a close eye on any further announcements from Mastek regarding the appointment of a new statutory auditor for its UK operations.

Mastek Limited (NSE: MASTEK; BSE: 523704), a leading AI-first digital engineering and cloud transformation partner, has been awarded the prestigious 'Voice of the Customer Honor – Value Excellence' at the Everest Group Elevate Honors™ 2025. This recognition underscores Mastek's commitment to delivering exceptional value and customer satisfaction in the rapidly evolving tech landscape.

Customer-Centric Excellence

The award, based on feedback from over 400 customers, placed Mastek in the top percentile for several key performance indicators:

• Customer service excellence
• Client management
• Ease of doing business
• Proactive engagement

This accolade reflects Mastek's dedication to fostering strong client relationships and consistently delivering high-impact solutions aligned with strategic business priorities.

AI Leadership and Global Presence

Umang Nahata, CEO of Mastek, expressed pride in the recognition, stating, "This award reflects the trust our customers place in us and validates our approach of aligning with clients' businesses to deliver meaningful outcomes." Nahata also highlighted Mastek's readiness to lead in the AI revolution, boasting a workforce of over 3,500 trained AI professionals.

Mastek's global footprint spans 40+ countries, with a workforce of nearly 5,000 employees serving more than 400 active customers across various sectors, including:

• Public Sector
• Healthcare
• Retail
• Manufacturing
• Higher Education
• Financial Services

Strategic Partnerships and Technological Expertise

The company's success is bolstered by strategic partnerships with industry giants such as Oracle, AWS, Microsoft, Snowflake, and Salesforce. These collaborations enable Mastek to offer cutting-edge solutions in:

• AI and Data Analytics
• Cloud Services
• Digital Engineering

Inaugural Everest Group Elevate Honors

The Everest Group Elevate Honors™, launched this year in Dallas, aims to recognize best-in-class service and technology providers. Ronak Doshi, Partner at Everest Group, commented on the program's objective, data-driven analysis, stating, "Elevate Honors recognitions serve as third-party validation of high performance and excellence."

Looking Ahead

As Mastek continues to expand its AI capabilities and global reach, this recognition from Everest Group serves as a testament to the company's customer-centric approach and technological prowess. With its focus on innovation, strong ecosystem partnerships, and commitment to delivering measurable business outcomes, Mastek is well-positioned to lead in the AI-driven digital transformation landscape.