Mastek Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
MASTEK · price
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Awaiting price reaction for this filing.
Mastek Limited has notified the stock exchanges that its 43rd Annual General Meeting (AGM) will be held on Tuesday, September 23, 2025, at 5:00 PM IST through video conferencing. Along with the AGM notice, the company has submitted its Annual Report for FY 2024-25, which shows operating revenue of ₹3,455.2 crore (up 13.1% year-on-year), operating EBITDA of ₹546.5 crore, and profit after tax of ₹375.9 crore. The company has fixed Friday, September 12, 2025, as the record date to determine shareholders eligible for the final dividend, which will be paid within 30 days of declaration at the AGM. Shareholders can vote electronically from September 20 to September 22, 2025, with the cut-off date for e-voting eligibility set as September 16, 2025. The AGM will consider ordinary items like adoption of financial statements, confirmation of interim dividend and declaration of final dividend, and re-appointment of founder Ashank Desai, along with special resolutions for continuation of Desai as a director beyond age 75 and re-appointment of independent director Suresh Vaswani for a second term.
This is a routine regulatory filing for the upcoming AGM and does not directly affect the stock price. However, the record date of September 12 means shareholders must hold Mastek shares by that date to be eligible for the final dividend. Investors should watch for the dividend declaration amount at the AGM, as it signals the company's cash distribution policy alongside its ₹622.2 crore cash reserves.