Mastek Limited (NSE: MASTEK, BSE: 523704) – Intimation of Asset Sale under SEBI Regulation 30

Introduction

Mastek Limited has filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, notifying shareholders of the sale of a land and building asset. The filing references the company’s NSE symbol MASTEK and BSE scrip code 523704.

Key Details of the Transaction

Item	Detail
Date of Sale Agreement	17 August 2026
Date of Completion	17 August 2026 (same day)
Asset Sold	Land and building (specific location not disclosed)
Buyer	Caresoft Mobility Private Limited – not a promoter or promoter‑group entity
Consideration	₹ 60 crore received in two tranches as per the MOU dated 24 April 2026
Related‑Party Status	Transaction does not fall within related‑party transactions
Scheme of Arrangement	Sale is outside any Scheme of Arrangement and does not invoke Regulation 37A of the LODR
Slump Sale	Not applicable

Regulatory Compliance

• Regulation 30 (SEBI LODR): The disclosure satisfies the requirement to inform the market of material disposals.
• Section 180(1)(a) of the Companies Act, 2013: The asset does not constitute an “undertaking” or “substantially the whole of the undertaking,” hence Regulation 37A is not triggered.
• Related‑Party Transaction Rules: The buyer is independent of the promoter group; therefore, the transaction is outside the purview of related‑party provisions.

Financial Consideration

• Total consideration received: ₹ 60 crore.
• Payment structure: Disbursed in two tranches as stipulated in the Memorandum of Understanding (MOU) dated 24 April 2026.

Conclusion

Mastek Limited has completed the sale of a land and building asset to Caresoft Mobility Private Limited for ₹ 60 crore. The transaction was executed and finalized on 17 August 2026, complies with SEBI’s disclosure norms, and does not involve related parties or a scheme of arrangement. No further financial or operational impact details were disclosed in the filing.