Key Decisions and Approvals

  • Approved unaudited Standalone & Consolidated Financial Results for quarter ended June 30, 2026, along with Limited Review Reports from Statutory Auditors.
  • Approved Directors Report for Financial Year ended March 31, 2026 and its annexures.
  • Approved Notice of the 31st Annual General Meeting (AGM) scheduled for Wednesday, September 2, 2026 at 11:30 AM through Video Conferencing/Other Audio Visual Means.
  • Recommended final dividend of ₹0.75 per share (7.5%) subject to shareholder approval at AGM.

Corporate Action Details

  • Register of Members & Share Transfer Books will remain closed from Thursday, August 27, 2026 to Wednesday, September 2, 2026 for dividend declaration and AGM.
  • Remote e-voting period: Saturday, August 29, 2026 at 09:00 AM to Tuesday, September 1, 2026 at 05:00 PM.
  • Cut-off date for remote e-voting and e-voting: Wednesday, August 26, 2026.

Governance Changes

  • Recommended reappointment of Mrs. Darshana Pandya (DIN: 07610402) as Director liable to retire by rotation under Section 152(6) of Companies Act, 2013.
  • Mrs. Pandya holds 58,338 equity shares (0.0322%) as of June 30, 2026 and has expertise in Finance & Management - Operations.
  • Reappointed Ms. Riddhi Bhayani as Chief Compliance Officer for five years effective September 28, 2026 to September 27, 2031.

Management Restructuring (Effective September 1, 2026)

  • Mr. Nishant Jain promoted from Chief Risk Officer to Director - Operations
  • Mr. Darshil Thakkar promoted from Head - Credit to Chief Risk Officer
  • Mr. Bharat Aswani, Head - Credit, will assume Mr. Thakkar's previous responsibilities in addition to current duties

Financial Performance Highlights (Standalone)

Income Statement (₹ in Crores)

| Period | Total Income | Total Expenses | Profit Before Tax | Tax Expense | Profit After Tax |

| Q1 FY27 (Jun 30, 2026) | 530.32 | 390.07 | 140.25 | 35.65 | 104.60 |

| Q4 FY26 (Mar 31, 2026) | 516.37 | 383.24 | 133.13 | 33.41 | 99.72 |

| Q1 FY26 (Jun 30, 2025) | 442.89 | 330.46 | 112.43 | 28.53 | 83.90 |

| FY26 (Mar 31, 2026) | 1,900.33 | 1,407.26 | 493.07 | 125.18 | 363.65 |

Key Metrics

  • Earnings Per Share (Basic & Diluted): ₹5.76 for Q1 FY27 (₹4.62 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹181.45 crores (Face value ₹10 per share)
  • Other Equity: ₹2,771.18 crores as of March 31, 2026

Asset Quality and Ratios (Standalone)

  • Gross Stage 3 Assets: 2.58% of AUM
  • Net Stage 3 Assets: 1.70% of AUM
  • Capital to Risk-Weighted Assets Ratio: 23.25%
  • Debt-Equity Ratio: 3.35
  • Net Worth: ₹3,079.67 crores
  • Net Profit Margin: 19.72%

Business Segment Performance

Assets Under Management (₹ in Crores)

| Product Category | Jun 30, 2026 | Jun 30, 2025 | Growth |

| Micro-Enterprise Loans | 6,152.92 | 5,008.73 | 22.84% |

| SME Loans | 5,484.65 | 4,525.75 | 21.19% |

| 2-Wheeler Loans | 1,039.02 | 871.72 | 19.19% |

| Commercial Vehicle Loans | 1,095.82 | 967.09 | 13.31% |

| Salaried Personal Loans | 1,374.32 | 1,131.31 | 21.48% |

| Total AUM | 15,146.73 | 12,504.60 | 21.13% |

Subsidiary Performance (MAS Rural Housing & Mortgage Finance Limited)

  • AUM: ₹976.02 crores (23% YoY growth)
  • PAT: ₹4.27 crores (55% YoY growth)
  • Capital Adequacy Ratio: 37.95%
  • Gross Stage 3 Assets: 0.98%
  • Net Stage 3 Assets: 0.68%

Consolidated Financial Performance

  • Consolidated AUM: ₹16,122.75 crores
  • Consolidated PAT: ₹110.15 crores
  • Earnings Per Share: ₹5.98
  • Net Worth: ₹3,769.43 crores
  • Debt-Equity Ratio: 3.44
  • Net Profit Margin: 19.60%

Co-lending Arrangements

  • 7 active co-lending arrangements with outstanding of ₹2,238.00 crores
  • Weighted average rate of loans disbursed: 28.69%
  • ₹2,209.87 crores classified as standard assets; ₹28.13 crores as non-performing
  • Default loss guarantee supported by fixed deposits and corporate guarantees

Annexures Included

  • Annexure I: Director reappointment details for Mrs. Darshana Pandya
  • Annexure II: Profile of Mrs. Darshana Pandya
  • Annexure III: Chief Compliance Officer reappointment details
  • Annexure IV: Senior management change details
  • Security cover certificate as per Regulation 54(3)
  • Disclosure pursuant to Regulation 52(4)

Auditor Review

  • Limited review conducted by Sorab S. Engineer & Co. (Firm Registration No. 110417W)
  • Unmodified conclusion on both standalone and consolidated financial results

Additional Information

  • Board meeting duration: 12:30 PM to 2:00 PM
  • All documents uploaded on stock exchange websites and company website www.mas.co.in