Hi5 Youth Foundation has acquired 5,00,000 equity shares, representing 1.62% of Mastek Limited, through a gift/donation from promoter Mr. Sundar Radhakrishnan on September 19, 2025. The transaction, carried out without consideration, results in Hi5 Youth Foundation becoming part of Mastek’s Promoter Group while maintaining the total promoter shareholding at 35.79%.
Key Details of the Transaction
On September 19, 2025, Hi5 Youth Foundation acquired 5,00,000 equity shares of Mastek Limited. This acquisition, representing 1.62% of Mastek’s equity, was executed through a gift/donation from Mr. Sundar Radhakrishnan, a promoter of Mastek Limited. No monetary consideration was involved in this transaction.
Impact on Shareholding
As a result of the transaction, Hi5 Youth Foundation is now classified as part of the ‘Promoter and Promoter Group’ of Mastek Limited. Despite this change, the overall shareholding of the Promoter Group remains unchanged at 35.79%. Sundar Radhakrishnan’s shareholding decreased to 8,05,800 shares.
Compliance and Disclosures
The company states that while there is no trigger for a disclosure under specific regulations related to substantial acquisitions, the disclosure is being made out of caution, ensuring transparency regarding the change in shareholder status within the Promoter Group.
Source: BSE
