Mastek : Allotment of Securities

	Mastek Limited	T [phone]
	#106,107 SDF-IV Seepz, Andheri (East),	F [phone]
	Mumbai 400096, Maharashtra, India	W www.mastek.com
SEC/137/2021-22		February 10, 2022
Listing Department	Listing Department
BSE Limited	The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, C-1, Block G,
Dalal Street, Fort	Bandra - Kurla Complex
Mumbai - 400 001	Bandra (East), Mumbai - 400 051
Tel No. 022-22723121	Tel No. 26598100
Fax no. 22723719	Fax No. 022-26598237/26598238
SCRIP CODE: 523704	SYMBOL: MASTEK
Dear Sir(s)/Ma'am(s),

Ref: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

Sub: Allotment of 254,755 Equity Shares of the Company by way of preferential allotment on a private placement basis under the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (ICDR) Regulations") and applicable provisions of the Companies Act, 2013, and the rules made thereunder, each as amended (the "Preferential Issue").

In furtherance of our earlier communications with respect to the issuance of equity shares and pursuant to the approval granted by the Shareholders of the Company by way of Postal Ballot, and in accordance with Regulation 30 of SEBI Listing Regulations, we hereby wish to inform you that the Preferential Allotment Committee of the Board of Directors of the Company at its meeting held today, i.e. February 10, 2022, has considered and approved the allotment of 254,755 (two lakh fifty-four thousand seven hundred and fifty-five) Equity Shares of the face value of Rs. 5 (Rupees Five) each fully paid up, at a price of Rs. 3,194 (Rupees three thousand one hundred and ninety-four) per equity share including a premium of Rs. 3,189 (Rupees three thousand one hundred and eighty-nine) per share in dematerialised form for consideration other than cash. Further, the Company is in the process of discharging the balance consideration for the acquisition of 44,174 (forty-four thousand one hundred and seventy-four) Compulsorily Convertible Preference Shares ("CCPS") of its Subsidiary, Trans American Information Systems Private Limited.

.

Further, these shares shall rank pari-passu, in all respects with existing equity shares of the Company save and except lock-in obligations as per applicable laws. Consequent to the aforesaid allotment, the issued, subscribed, and paid-up share capital of the Company has increased as under:

	From		To
	29,743,972 Equity Shares of Rs. 5 each		29,998,727 Equity Shares of Rs. 5 each
	aggregating to Rs. 148,719,860		aggregating to Rs. 149,993,635

The updated details as required under Regulation 30 of SEBI Listing Regulations, with respect to the issuance of securities are enclosed in Annexure A.

This is for your information and records.

Thanking you,

Encl: AA

Regd. Off.: 804, 805 President House, Opp. C.N. Vidyalaya, Near Ambawadi Circle, Ambawadi, Ahmedabad - 380 006. Gujarat, India. Tel No: [phone]E-mail: [e-mail] CIN-l74140GJ1982PLC005215

Mastek Limited	T [phone]
#106,107 SDF-IV Seepz, Andheri (East),	F [phone]
Mumbai 400096, Maharashtra, India	W www.mastek.com

ANNEXURE A

Details in terms of Regulation 30 of SEBI Listing Regulations read with SEBI Circular No CIR/CFD/CMD/4/2015 dated

September 9, 2015

Sr. No.	Particulars	Description
1.	Type of securities proposed to be issued	Equity shares
2.	Type of Issuance	Preferential Issue
3.	Total number of securities proposed to be	254,755 (two lakh fifty-four thousand seven hundred and fifty-five) Equity
	issued or the total amount for which the	Shares of the face value of Rs. 5 (Rupees Five) each fully paid up
	securities will be issued

4. In case of preferential issue

(i)	names of the investors	(a)	Manorama Jagdishchandra Kothari
		(b)	Jagdishchandra Ramrai Kothari
		(c)	Madhu Devi Nahata
		(d)	Taniya Nahata
		(e)	Umang Nahata
		(f)	Ummed Singh Nahata
		(g)	Rakesh Raman
		(h)	Yashodhar Bhinde

(ii)	post allotment of securities, the outcome	The allotment of equity shares has been made to the allottees as detailed
	of the subscription, issue price / allotted	below:
	price (in case of convertibles), number of	Name of the Allottees	Category		No. of Shares
	investors;				allotted
		Manorama Jagdishchandra Kothari	Non-Promoter	6,920
		Jagdishchandra Ramrai Kothari	Non-Promoter	6,920
		Madhu Devi Nahata	Non-Promoter	5,767
		Taniya Nahata	Non-Promoter	11,707
		Umang Nahata	Non-Promoter	80,186
		Ummed Singh Nahata	Non-Promoter	51,212
		Rakesh Raman	Non-Promoter	78,202
		Yashodhar Bhinde	Non-Promoter	13,841
		Total			254,755

1. in case of convertibles intimation on the conversion of securities or on the lapse of the tenure of the instrument

Issue Price: Rs. 3,194 ( Rupees three thousand one hundred and ninety-four) per equity share including premium of Rs. 3,189 (Rupees three thousand one hundred and eighty-nine) per share.

The price has been computed in accordance with the provisions of the SEBI (ICDR) Regulations and Companies Act, 2013.

Number of Investors: 8 (eight)

Not Applicable

Regd. Off.: 804, 805 President House, Opp. C.N. Vidyalaya, Near Ambawadi Circle, Ambawadi, Ahmedabad - 380 006. Gujarat, India. Tel No: [phone]E-mail: [e-mail] CIN-l74140GJ1982PLC005215