Key Dates

  • Cut-off Date for E-Voting & Record date for Final Dividend: Wednesday, August 26, 2026
  • Remote E-Voting Period: Commences at 09:00 A.M. on Saturday, August 29, 2026 and ends at 05:00 P.M. on Tuesday, September 1, 2026
  • Date of AGM: Wednesday, September 2, 2026 at 11:30 A.M. IST
  • AGM Format: To be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Register of Members Closure: The Register of Members and Share Transfer Books will remain closed from Thursday, August 27, 2026 to Wednesday, September 2, 2026 (both days inclusive)

Business to be Transacted

Ordinary Business

1. To receive, consider and adopt audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 and the Reports of the Board of Directors and the Auditors thereon.

2. To declare a Final Dividend of ₹0.75 per Equity Share (i.e., 7.5% on face value of ₹10 each) for the financial year ended March 31, 2026.

3. To appoint a director in place of Mrs. Darshana Pandya (DIN: 07610402), who retires by rotation and offers herself for re-appointment.

Special Business

4. Approval for increasing Borrowing Powers under Section 180(1)(c) of the Companies Act, 2013 up to ₹15,000,00,00,000 (Indian Rupees Fifteen Thousand Crore). This supersedes the limit of ₹13,500 crore approved at the 30th AGM.

5. Approval for enhancing the limit for creation of charges, mortgages, hypothecation on the immovable and/or movable properties of the Company under section 180(1)(a) of the Companies Act, 2013, also up to a limit of ₹15,000,00,00,000 (Indian Rupees Fifteen Thousand Crore).

Dividend and Tax Information

The dividend declared is subject to Tax Deducted at Source (TDS) as per the provisions of the Income Tax Act, 2025. Unclaimed dividends for a consecutive period of 7 years are liable to be transferred to the Investor Education and Protection Fund (IEPF), along with the underlying shares.

Director Re-appointment Details

Mrs. Darshana Pandya, Executive Director & CEO, is seeking re-appointment. Key details provided in the annexure include:

  • Qualification: Bachelor's degree in Commerce from Gujarat University
  • Experience: Over 30 years in the financial service sector; joined the company in 1996 as a Junior Executive; appointed Director in 2016
  • Remuneration: ₹149,05,778 per annum (last drawn)
  • Shareholding: 58,338 Equity Shares (0.0322%) as of March 31, 2026
  • Board Meetings Attended: 4 out of 4 in FY 2025-26

Voting Instructions

The company is providing a facility for remote e-voting through Central Depository Services (India) Limited (CDSL). Detailed, step-by-step instructions are provided for different types of shareholders (individual demat, physical, non-individual) on how to access and use the e-voting system.

Rationale for Special Business (Borrowing Limit Increase)

The explanatory statement justifies the increase in borrowing limits by citing the company's future growth plans, requirements for additional funds for business operations, onward lending, liquidity management, refinancing requirements, and general corporate purposes. The company, being an NBFC, also regularly undertakes securitization and assignment of receivables in the ordinary course of business.

Additional Notes

The notice confirms compliance with MCA and SEBI circulars permitting virtual AGMs. The annual report is being sent electronically, and members can request a hard copy if needed. The scrutinizer's report on voting will be placed on the company's website (www.mas.co.in) and CDSL's website (www.evotingindia.com) within two working days of the AGM conclusion, and simultaneously forwarded to the BSE and NSE.