Annual Secretarial Compliance Report for the Financial Year Ended March 31, 2025
MASTEK · price
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Awaiting price reaction for this filing.
Mastek Limited has filed its Annual Secretarial Compliance Report for FY ended March 31, 2025, as mandated under SEBI's LODR Regulation 24A, certified by Practicing Company Secretary Mr. Prashant S. Mehta. The report confirms overall compliance with SEBI regulations, Secretarial Standards, insider trading norms, related party transaction disclosures, and website maintenance requirements during the year. One observation was flagged: a July 2023 overseas acquisition transaction was not initially identified as Unpublished Price Sensitive Information (UPSI), leading to an SEBI administrative warning letter; the company has since updated internal processes to prevent recurrence. Several prior-year (FY2024) non-compliances — including delays in Board and Audit Committee reconstitution and delayed intimation to stock exchanges — have been resolved, with cumulative fines of over Rs. 10 lakh paid. No SEBI or stock exchange actions were taken against the company during FY25.
This is a routine annual governance filing and is unlikely to move the stock. The closed UPSI-related warning and resolved FY24 non-compliances suggest Mastek has tidied up past governance gaps, but no fresh material non-compliance was flagged in the year under review.