Mastek Limited has informed the Exchange about voluntary liquidation of Evosys Kuwait WLL, a step-down subsidiary of the Company
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Mastek Limited has informed the exchanges that its step-down subsidiary, Evosys Kuwait WLL, has been dissolved effective June 4, 2025, following voluntary liquidation initiated earlier under Kuwaiti law. The subsidiary contributed only Rs. 205.59 Lakhs in turnover (0.060% of consolidated turnover) and had a net worth of Rs. 662.84 Lakhs (0.269% of consolidated net worth) as of March 31, 2025. The company clarified that Evosys Kuwait WLL was not a material subsidiary and its liquidation will not affect Mastek's overall consolidated revenue, business, or profitability.
Negligible impact on shareholders — this is a very small, non-material subsidiary winding up, and the company has explicitly stated it will not affect consolidated financials.