Mastek has received reaffirmation of its credit ratings from ICRA Limited for bank facilities worth Rs. 106.00 crore. The IT services company disclosed this development through a regulatory filing dated March 6, 2026, in compliance with SEBI listing regulations.

Credit Rating Details

ICRA Limited has reaffirmed multiple credit ratings for Mastek's banking facilities across different categories:

The [ICRA]AA- (Stable) rating indicates high credit quality with very low credit risk, while the [ICRA]A1+ rating represents the highest credit quality for short-term instruments.

Changes in Rated Amount

The current rating exercise shows a reduction in total rated amount compared to the previous assessment:

The decrease of Rs. 85.90 crore is attributed to the removal of long-term non-fund based facilities from the current rating scope.

Regulatory Compliance

Mastek has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the detailed rationale report from ICRA available on both the rating agency's website and Mastek's corporate website at www.mastek.com .

Company Secretary and Compliance Officer Reena Raje signed the regulatory filing, ensuring proper documentation and transparency for stakeholders regarding the credit rating reaffirmation.

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.