MAS Financial Services Limited shareholders approved all five resolutions at its 31st Annual General Meeting on September 2, 2026, including a final dividend of ₹0.75 per share and increased borrowing powers to ₹15,000 crore.

The meeting was conducted via video conference. Shareholders voted in favor of adopting the audited financial statements for FY26, reappointing Mrs. Darshana Pandya as director, and enhancing limits for creating charges on company properties.

Voting Results

Remote e-voting was available from August 29 to September 1, 2026. The cut-off date for determining voting eligibility was August 26, 2026. The consolidated scrutinizer's report confirmed that all resolutions were passed with requisite majority.

Key Resolutions Passed

Shareholders voted in favor of the following ordinary and special resolutions:

• Adopt standalone and consolidated financial statements for the year ended March 31, 2026
• Declare a final dividend of ₹0.75 per equity share (7.5% on face value of ₹10)
• Reappoint Mrs. Darshana Pandya as director upon retirement by rotation
• Increase borrowing powers under Section 180(1)(c) of the Companies Act, 2013 to ₹15,000 crore
• Enhance limits for creation of charges, mortgages, and hypothecation on immovable and movable properties under Section 180(1)(a)

Meeting Proceedings

Mr. Kamlesh Gandhi, Chairman and Managing Director, chaired the session. He provided an overview of operations and financial performance for FY26. Mrs. Darshana Pandya, Executive Director and CEO, briefed members on the financial results of the company and its subsidiaries.

The quorum was established with 111 members attending via VC/OAVM. The Statutory Auditor and Secretarial Auditor confirmed no qualifications or observations in their respective reports.

MAS Financial Services has published a newspaper advertisement confirming the logistical details for its 31st Annual General Meeting (AGM), scheduled for Wednesday, September 2, 2026. The company has fixed Wednesday, August 26, 2026, as the record date for determining voting rights and dividend entitlements. This procedural update ensures shareholders have clear timelines to exercise their rights ahead of the vote on critical agenda items, including a proposed increase in borrowing powers from ₹13,500 crore to ₹15,000 crore.

The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars. Shareholders holding shares as of the cut-off date will be eligible to participate. The company has emphasized that the register of members and share transfer books will remain closed from Thursday, August 27, 2026, to Wednesday, September 2, 2026, to facilitate the identification of eligible shareholders.

Remote E-Voting Timeline

Central Depository Services (India) Limited (CDSL) will facilitate remote e-voting. The voting window is strictly defined to ensure orderly conduct of the meeting:

Shareholders who cast their votes via remote e-voting prior to the AGM are not entitled to vote again during the meeting. However, they may still attend the VC/OAVM session. Those who do not vote remotely can cast their votes electronically during the live meeting.

Key Agenda Items

The primary focus of the AGM is the approval of enhanced financial capacities to support the company’s non-banking financial activities. Key resolutions include:

• Borrowing Powers: Increasing the limit under Section 180(1)(c) of the Companies Act, 2013, to ₹15,000 crore.
• Asset Charges: Enhancing limits for creating charges on assets under Section 180(1)(a) to secure borrowings up to ₹15,000 crore.
• Dividend Declaration: Approving a final dividend of ₹0.75 per equity share for FY26.
• Director Re-appointment: Re-appointing Mrs. Darshana Pandya as a Whole-time Director.

Strategic Context

The proposed increase in borrowing limits is designed to provide liquidity headroom for asset origination and securitization. Management notes that the current limit of ₹13,500 crore, approved in September 2025, requires expansion to align with operational scale. The simultaneous declaration of a final dividend signals stable cash flows despite the increased leverage capacity. Unclaimed dividends from FY2019-20 remain liable for transfer to the Investor Education and Protection Fund (IEPF) in November 2026 if not claimed by the record date.