Public Announcement
MASTEK LIMITED Registered Office : 804/805, President House, Opp-CNVidyalaya, Near Ambavadi Circle, Ahmedabad 380006. Visit us at www.mastek.com PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE SHAREHOLDERS/BENEFICIAL OWNERS OF THE SHARES OF THE COMPANY [This Public Announcement is in compliance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, as amended] Offer for Buy-back of Equity Shares from Open Market through Stock Exchanges 7. SOURCES OF FUNDS 1. THE OFFER AND BUY-BACK PRICE 1.1 Mastek Limited ("the Company") hereby announces the Buy-back (" the Buy-back") of its fully paid-up equity shares of the face value Rs.5 /- each ("Shares") from the 7.1 The maximum amount, which the Company would deploy for the purposes of the Buy-back, is Rs.10.93 crores. existing owners of Shares from the open market through stock exchange using the electronic trading facilities of the Stock Exchange, Mumbai ("BSE") and The National Stock Exchange ("NSE") in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 ("the Act") and the Securities and 7.2 The Company has significant accumulated Free Reserves and Share Premium as well as favourable liquidity, which is reflected in the Cash and Bank balances, and Exchange Board of India (Buy-back of Securities) Regulations, 1998 ("the Buy-Back Regulations") at a price not exceeding Rs.320 per Share ("Maximum Offer Price") other liquid Investments of the Company and the same would be utilised for the Buy-back. The funds required for the Buy-back will be drawn out of the Share Premium payable in cash, for an aggregate amount not exceeding Rs.10.93 crores ("Offer Size").
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