Sundar Radhakrishnan, a promoter of Mastek, has transferred 5,00,000 equity shares, representing 1.62% of the company, to Hi5 Youth Foundation via gift on September 19, 2025. Following the transfer, Hi5 Youth Foundation becomes part of Mastek’s Promoter Group. The total promoter shareholding remains at 35.79% even after this transaction.
Share Transfer Details
A promoter of Mastek Limited, Sundar Radhakrishnan, has transferred 5,00,000 equity shares to Hi5 Youth Foundation. This transaction, completed on September 19, 2025, represents 1.62% of Mastek’s equity.
Impact on Shareholding
Following the transfer, Hi5 Youth Foundation is now part of the Promoter Group of Mastek Limited. The total promoter shareholding remains unchanged at 35.79%. The transfer was executed as a gift without any consideration.
Promoter Group Shareholding Breakdown
Key members of the promoter group and their shareholding percentages are listed below:
- Ashank Desai: 10.96%
- Padma Desai: 0.76%
- Girija Ram: 5.66%
- Ram Family Trust I: 3.23%
- Rupa Mehta: 1.55%
- Ketan Mehta: 7.15%
- Samvitha Sudhakar Ram: 0.33%
- Usha Sundar: 1.37%
- Varun Sundar: 0.21%
- Shankar Sundar: 0.14%
Remaining Shareholding
After the transfer, Sundar Radhakrishnan holds 2.60% of the company, while Hi5 Youth Foundation now holds 1.62%.
Source: BSE