Mastek Limited has received a Final Assessment Order from the Income Tax Department for the Financial Year 2022-23, as per Regulation 30 of SEBI Listing Regulations. The order includes a transfer pricing addition of ₹90,95,38,080 and an addition under domestic tax laws of ₹32,62,88,114, totaling ₹1,23,58,26,194. Additionally, the department has initiated penalty proceedings under Section 270A. The company received this communication on May 30, 2026. Mastek Limited believes there are certain errors in the computation sheet annexed to the order, including a higher tax liability rate, non-allowance of foreign tax credit, and non-grant of credit for advance tax paid by a subsidiary. Consequently, the company does not foresee any material financial implication at this stage and intends to file objections with the Income Tax Appellate Authorities within the prescribed timelines. The company has also informed that there will be no impact on its financials, operations, or other activities due to this order.
