Mastek LimitedMASTEKDeterioratingCriticalmateriality 93 out of 100
Voluntary liquidation of Evosys Kuwait WLL, a step-down subsidiary of the Company
Update 1 of 2 in a matter ongoing since
Distressinsolvency
As filed
Mastek Limited has informed the Exchange about voluntary liquidation of Evosys Kuwait WLL, a step-down subsidiary of the Company
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.