Voluntary liquidation of Evosys Kuwait WLL, a step-down subsidiary of the Company

Mastek Limited has announced the dissolution of its step-down subsidiary, Evosys Kuwait WLL, effective June 4, 2025, following its voluntary liquidation. The company stated that this subsidiary was not material and that its liquidation will not impact Mastek's overall consolidated revenue, business, or profitability. Further details are provided in the annexure to the filing.

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

• Admission or rejection of the application by the tribunal
• Appointment of a resolution professional
• Claims admitted against the company
• we believe all of these will offer sizable value in terms of bottom line performance and that's an important g (management committed by FY26)
• We expect FY27 to outperform our FY26 performance, with revenue growth likely outpacing headcount growth. (management committed by FY27)