Hi5 youth Foundation has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
MASTEK · price
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Hi5 Youth Foundation acquired 5 lakh equity shares (1.62%) of Mastek Limited on September 19, 2025, by way of gift/donation without any consideration from promoter Mr. Sundar Radhakrishnan, under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. Post-transaction, Mr. Sundar Radhakrishnan's personal holding reduced from 4.22% (13,05,800 shares) to 2.60% (8,05,800 shares), while Hi5 Youth Foundation now holds 1.62% (5,00,000 shares). Prior disclosure under Regulation 10(5) was filed on September 12, 2025. The total promoter group shareholding remains unchanged at 4.22% as this is an inter-se transfer among 'Qualifying Persons'.
This is an internal reshuffling of shares within the promoter group via a gift, so total promoter holding stays the same and there is no impact on stock price or minority shareholders. No cash consideration was involved, and the transfer was fully disclosed in advance as required by SEBI rules.