Mastek Ltd.

Mastek has informed that the Board of Directors at its meeting held today December 17, 2021 has considered and approved the following: Issuance of Two Corporate Guarantees, Acquisition of 5,826 Compulsorily Convertible Preference Shares (‘CCPS’) of Trans American Information Systems (‘TAISPL’ or ‘Mastek Subsidiary’), Acquisition of 44,174 Compulsorily Convertible Preference Shares (‘CCPS’) of Trans American Information Systems (‘TAISPL’ or ‘Mastek Subsidiary’) for part consideration in cash and part consideration other than cash, Issue of Shares on Private Placement Basis, Postal Ballot and Scrutinizer to the Postal Ballot Process. The detailed description of the same are attached.

The above information is a part of company’s filings submitted to BSE.