Meeting Details

The 31st Annual General Meeting of MAS Financial Services Limited was held on Wednesday, September 02, 2026 at 11:30 A.M. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting commenced at 11:30 A.M. and concluded at 12:12 P.M.

Attendance

111 Members attended the meeting through VC/OAVM.

Directors present at registered office: Kamlesh Gandhi (Chairman and Managing Director), Mrs. Darshana Pandya (Executive Director and CEO), Mr. Dhvanil Gandhi (Whole Time Director), Mr. Umesh Shah (Non-Executive Independent Director), Mr. Narayanan Sadanandan (Non-Executive Independent Director).

Directors present through VC: Mr. Vishal Vasu (Non-Executive Independent Director), Mrs. Barnali Chaklader (Non-Executive Independent Woman Director).

Other attendees: Mr. Chokshi Shreyas B. (Representative of Statutory Auditor), Mr. Ashish Shah (Secretarial Auditor and Scrutinizer), Mr. Ankit Jain (Chief Financial Officer), and senior management team.

Business Conducted

Ordinary Business:

1. Adoption of audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026 and Reports of Board of Directors and Auditors (Ordinary Resolution)

2. Declaration of Final Dividend of ₹0.75 per Equity Share (7.5% on face value of ₹10 each) for financial year ended March 31, 2026 (Ordinary Resolution)

3. Re-appointment of Mrs. Darshana Pandya (DIN: 07610402) as Director liable to retire by rotation (Ordinary Resolution)

Special Business:

5. Approval for increasing Borrowing Powers under Section 180(1)(c) of Companies Act, 2013 up to ₹15,000 Crore (Special Resolution)

6. Approval for enhancing limit for creation of charges, mortgages, hypothecation on properties under section 180(1)(a) of Companies Act, 2013 (Special Resolution)

Voting Process

Remote e-voting facility was provided from Saturday, August 29, 2026 (09:00 A.M.) to Tuesday, September 01, 2026 (05:00 P.M.). Cut-off date for determining voting eligibility was Wednesday, August 26, 2026. Additional e-voting facility was available for 15 minutes after conclusion of AGM.

Other Key Information

  • No qualifications, observations or comments in Statutory Auditors Report or Secretarial Audit Report
  • Register of Directors and their Shareholding, Register of Contract, Attendance Register and Proxy Registers were available for online inspection
  • Chairman provided overview of operations and financial performance for FY ended March 31, 2026
  • Mrs. Darshana Pandya briefed about financial performance of Company and its subsidiary
  • No shareholder queries during meeting as registered speakers did not attend
  • Voting results to be declared within two working days of AGM conclusion