Mastek Limited — Important, 20-02-2025: General Updates

Evosys Kuwait WLL, a step-down subsidiary of Mastek Limited, has initiated voluntary liquidation under local laws in Kuwait and has transferred its operations to other group subsidiaries in the region. This subsidiary contributed a turnover of ₹4.06 crore, accounting for just 0.13% of Mastek's consolidated turnover, and had a net worth of ₹8.79 crore, representing 0.42% of the consolidated net worth. Mastek has indicated that this liquidation will not impact its overall consolidated revenue, business, or profitability. Investors should maintain a watch on future developments as Mastek completes the formalities related to this process, although the immediate implications appear minimal.