Mastek Limited, a prominent IT services company, has officially announced the resignation of Mr. Arun Agarwal from his role as the Global Chief Financial Officer (CFO) and Key Managerial Personnel of the company. The resignation letter was received on December 3, 2024, and the company has promptly communicated this decision to the stock exchanges.

Mr. Agarwal, who has played a significant role in Mastek’s financial and strategic operations, will continue to assist the company during the transition period. He is expected to support the company in finding and onboarding a suitable replacement over the next few months, ensuring a smooth leadership change without disruption to the ongoing operations. This announcement comes just a day after Mastek had intimated the resignation in a prior communication (Reference: SEC/98/2024-25).

Mastek has assured its investors and stakeholders that this leadership transition will be managed effectively. The resignation letter will also be made available on the company’s official website, further ensuring transparency. The company continues to operate with a steady focus on delivering high-quality IT solutions and services to its clients globally.

This move marks a pivotal moment in Mastek’s leadership as it begins the process of identifying the right candidate to fill the crucial CFO role. The company's leadership remains committed to maintaining stability and confidence during this period of transition.

The company's announcement also reflects a commitment to keeping investors and the public informed, adhering to the guidelines set by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR) regulations.

About Mastek Limited
Mastek is a global IT services company that provides end-to-end IT solutions, including software development, system integration, and consulting services. With a strong presence in the global market, Mastek focuses on delivering business value and transforming organizations with innovative technology solutions. The company is known for its deep expertise in the public sector, healthcare, retail, and financial services sectors.

In conclusion, Mastek Limited’s communication regarding Mr. Arun Agarwal’s resignation underscores the company’s commitment to transparency during leadership transitions. The company’s focus on maintaining operational stability and continuity while searching for a new CFO assures stakeholders that it remains on a strong growth trajectory.