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Mastek Limited ( (IN:MASTEK) ) has issued an update.
Mastek Limited has initiated the process of voluntary winding up of Mastek Systems (Malaysia) Sdn. Bhd., a step-down subsidiary incorporated in Malaysia. The unit contributed only 0.27% of Mastek’s consolidated turnover and 0.42% of consolidated net worth in the year ended 31 March 2025, and the company has clarified that the Malaysian subsidiary is not a material entity and that its winding up will not affect Mastek’s overall consolidated revenue, business, or profitability. The move appears to be a portfolio rationalisation step with limited operational or financial impact, and completion of the winding-up process remains subject to local regulatory approvals.
More about Mastek Limited
Mastek Limited is an India-headquartered IT services and digital engineering company that provides technology solutions to enterprises and public-sector clients across global markets. Its offerings typically span application development, digital transformation, and related consulting services, positioning the group as a mid-sized player in the international technology services industry.
Average Trading Volume: 6,823
Technical Sentiment Signal: Hold
Current Market Cap: 65.64B INR
Learn more about MASTEK stock on TipRanks’ Stock Analysis page.