Mastek Limited — Important, 24-01-2025: Updates

The Board of Directors of Mastek Limited has convened a meeting and approved the following key decisions:

1. **Financial Performance**: The company reported consolidated revenue of ₹86.95 crores for the third quarter, up from ₹78.43 crores year-over-year. Net profit for the quarter stood at ₹94.71 crores, marking growth from ₹77.74 crores in the same period last year.

2. **Dividend Announcement**: An interim dividend of ₹7.00 per share (140%) was declared for FY 2024-25, which will be paid to shareholders within 30 days of the record date on January 24, 2025.

3. **CEO Appointment**: Mr. Umang Nahata has been appointed as the Whole-Time Director and CEO of Mastek Group for a three-year term effective January 16, 2025.

4. **Corporate Guarantee**: The Board approved an increase in the corporate guarantee for Mastek Arabia FZ-LLC from USD 3 million to USD 6.6 million to support additional financing.

The company continues to show a robust operational performance and strategic leadership changes that could enhance its market positioning.