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.

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.