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Mastek Subsidiary in Malaysia Initiates Voluntary Winding Up
Mastek Limited
January 9, 2026, 02:02 PM
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Mastek Limited has announced that its step-down subsidiary, Mastek Systems (Malaysia) Sdn. Bhd., has commenced the process of voluntary winding up under Malaysian law.
The company has provided details regarding the subsidiary's financial contribution, stating that as of March 31, 2025, its turnover was ₹925 Lakhs, representing 0.27% of Mastek's consolidated turnover. The net worth of the subsidiary was ₹1046 Lakhs, accounting for 0.42% of the consolidated net worth.
Mastek emphasized that this subsidiary is not considered material and its winding up will not impact the company's overall consolidated revenue, business, or profitability. The company will inform the stock exchanges upon the completion of all formalities related to the winding up process.
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