MAS Financial Services Ltd

MAS Financial Services Ltd has raised ₹360 Crore through the issuance of Senior Secured, Listed Non-Convertible Debentures (NCDs) to FMO, the Dutch Entrepreneurial Development Bank. The NCDs are listed on BSE and have a tenure of five years. The funds will be allocated towards women-owned/led SMEs, youth-owned/led SMEs, and/or Rural SMEs. This investment marks a renewed partnership with FMO, following their equity investment in 2008.

MAS Financial Services Ltd has allotted 36,000 senior, secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹360 Crore, on a private placement basis to Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO). The debentures, rated 'CARE AA-/Stable' by CARE Ratings Limited, are proposed to be listed on the Wholesale Debt Market segment of BSE Limited and have a tenure of 5 years, maturing on May 20, 2031.

The Audit Committee of MAS Financial Services Ltd addressed a violation of the Code of Conduct under SEBI's PIT Regulations by Ms. Bhavna Bhatt, Treasury Head, who executed a contra trade of 30 equity shares on May 6, 2026. The company promptly reported the violation on May 7, 2026. After seeking clarifications and considering the insignificant value and inadvertent nature of the trades, the company issued a stern warning letter to Ms. Bhatt, emphasizing the importance of compliance. MAS Financial will enhance training programs for designated persons to prevent future violations.

MAS Financial Services Ltd has appointed Mr. Dhvanil Gandhi as the Executive Director of its subsidiary, MAS Rural Housing & Mortgage Finance Limited (MRHMFL). Mr. Gandhi has over a decade of experience with MAS Financial Services, where he strengthened the SME lending business and drove initiatives in the insurance vertical, obtaining an insurance broking license. He is also involved in investor relations and technology initiatives. Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director, stated that this appointment will strengthen the Board and leadership team at MRHMFL.

MAS Financial Services Ltd has submitted its disclosure to the Centralized Database for Corporate Debentures, as required by Chapter XVI of the relevant circular. The disclosure, updated as of October 15, 2025, provides details on 25 series of listed corporate debentures, including their ISINs, allotment dates, listing dates, and whether they were first or further issues. The company also confirmed that details regarding record dates, credit ratings, and payment status have been previously intimated to the Stock Exchange and are not duplicated here. Importantly, the company reported no delays or defaults in servicing its Non-Convertible Debentures (NCDs) during FY 2025-26.

The Board of Directors of MAS Financial Services Ltd, in its meeting on April 29, 2026, approved the audited Standalone & Consolidated Financial Results for the quarter and financial year ended March 31, 2026. A final dividend of 0.75 per equity share (7.5%) was recommended, subject to shareholder approval. The Board also approved a significant increase in borrowing powers under Section 180(1)(c) to 15,000 Crore and enhanced the limit for creating charges on assets. Furthermore, the issuance of Non-Convertible Debentures (NCDs) up to 3,000 Crore and Commercial Papers (CPs) up to 1,000 Crore via private placement was approved. Amendments to various company policies, including the Code for Fair Disclosure of Unpublished Price Sensitive Information, were also sanctioned. The continuation of the Corporate Advisory Committee for FY27 was considered and its scope finalized.

MAS Financial Services reported robust financial performance for Q4 and FY26. On a consolidated basis, Assets Under Management (AUM) crossed ₹15,000 Crores, reaching ₹15,303.86 Crores as of March 31, 2026. Consolidated Profit After Tax (PAT) for FY26 stood at ₹379.41 Crores, a ~21% year-on-year growth, and ₹104.48 Crores for Q4FY26, up ~25%. Standalone AUM grew ~19% to ₹14,363.67 Crores, with Q4FY26 PAT at ₹99.72 Crores (~23% growth) and FY26 PAT at ₹366.81 Crores (~20% growth). The company maintained a strong Capital Adequacy Ratio of 22.84% and stable asset quality. The Board proposed a final dividend of ₹0.75 per share, bringing the total dividend for FY26 to ₹2.00 per share.

MAS Financial Services Ltd's Board of Directors, in a meeting held on April 29, 2026, approved the audited Standalone & Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The Board recommended a final dividend of ₹0.75 per equity share (7.5%). Key approvals include increasing borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to ₹15,000 Crore, subject to shareholder approval. The Board also approved enhancing its power to create charges on company assets under Section 180(1)(a), also subject to shareholder approval. Furthermore, the Board approved borrowing funds through the issuance of Non-Convertible Debentures (NCDs) up to ₹3,000 Crore and Commercial Papers (CPs) up to ₹1,000 Crore, in one or more tranches via private placement. The Finance Committee has been authorized to determine the terms and conditions for these issuances. Other decisions included the continuation of the Corporate Advisory Committee for FY26-27 and amendments to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

MAS Financial Services Ltd's Board of Directors met on April 29, 2026, approving the audited Standalone & Consolidated Financial Results for Q4 and FY26. The Board recommended a final dividend of ₹0.75 per equity share (7.5% of face value) for FY26, subject to shareholder approval. Key decisions also included increasing borrowing powers under Section 180(1)(c) up to ₹15,000 Crore and enhancing the limit for creating charges on assets, both subject to shareholder approval. The Board also approved raising funds up to ₹3,000 Crore via NCDs and ₹1,000 Crore via Commercial Papers through private placement, and continued the Corporate Advisory Committee for FY27.

MAS Financial Services Ltd's Board of Directors approved the audited Standalone & Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The Board recommended a final dividend of "0.75 per equity share (7.5% of face value) for FY26, subject to shareholder approval. Key approvals also included increasing borrowing powers to ",15,000 Crore and enhancing the Board's power to create charges on assets, both subject to shareholder consent. The company also approved raising funds up to ",3,000 Crore via Non-Convertible Debentures and ",1,000 Crore via Commercial Papers through private placement. Additionally, the Board approved the continuation of the Corporate Advisory Committee and amendments to the Code of Practices for Fair Disclosure of UPSI.