MAS Financial Services Limited Discloses Corporate Debentures Listing Details Under SEBI Master Circular
MAS Financial Services Limited has submitted a comprehensive disclosure of corporate debentures listing details to BSE Limited and National Stock Exchange of India Limited in compliance with Chapter XIV of the SEBI Master Circular. The disclosure, submitted on April 30, 2026, encompasses 25 debenture listings on BSE with ISIN codes ranging from INE348L08041 to INE348L07365, covering allotment and listing dates from October 2021 through March 2026. The company confirmed that there has been no delay or default in servicing of Non-Convertible Debentures (NCDs) during FY 2025-26, while details regarding record dates, credit ratings, and payment status have been previously communicated to the stock exchanges under relevant SEBI regulations.

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mas financial services Limited has submitted a comprehensive disclosure of corporate debentures listing details to BSE Limited and National Stock Exchange of India Limited in compliance with Chapter XIV of the SEBI Master Circular. The disclosure, submitted on April 30, 2026, follows the prescribed format of Annexure XIV-B as specified in the circular SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, updated as on October 15, 2025.
Listing Details of Corporate Debentures
The company has disclosed details of 25 debenture listings on BSE, with allotment and listing dates spanning from October 2021 to March 2026. The debentures are identified by unique ISIN codes and include both first issues and further issues. The listing quantities range from 50 to 150,000 units across various series.
| Sl. No. | ISIN | Allotment date | Listing date | Listing quantity | First issue/ further issue | Exchange |
|---|---|---|---|---|---|---|
| 1. | INE348L08041 | 20-10-2021 | 21-10-2021 | 50 | First issue | BSE |
| 2. | INE348L08082 | 10-03-2023 | 13-03-2023 | 5000 | First issue | BSE |
| 3. | INE348L08090 | 27-03-2023 | 28-03-2023 | 5000 | First issue | BSE |
| 4. | INE348L07159 | 28-09-2023 | 03-10-2023 | 10000 | First issue | BSE |
| 5. | INE348L08108 | 08-12-2023 | 08-12-2023 | 2500 | First issue | BSE |
| 6. | INE348L08108 | 21-12-2023 | 21-12-2023 | 2500 | Further issue | BSE |
| 7. | INE348L07183 | 21-03-2024 | 22-03-2024 | 20000 | First issue | BSE |
| 8. | INE348L07209 | 21-06-2024 | 24-06-2024 | 5000 | First issue | BSE |
| 9. | INE348L07225 | 18-10-2024 | 21-10-2024 | 10000 | First issue | BSE |
| 10. | INE348L07233 | 28-11-2024 | 02-12-2024 | 10000 | First issue | BSE |
| 11. | INE348L07258 | 23-12-2024 | 24-12-2024 | 35000 | First issue | BSE |
| 12. | INE348L07241 | 23-12-2024 | 24-12-2024 | 65000 | First issue | BSE |
| 13. | INE348L07266 | 30-12-2024 | 01-01-2025 | 7500 | First issue | BSE |
| 14. | INE348L07274 | 13-02-2025 | 13-02-2025 | 65000 | First issue | BSE |
| 15. | INE348L07241 | 13-02-2025 | 13-02-2025 | 60000 | Further issue | BSE |
| 16. | INE348L07282 | 21-03-2025 | 24-03-2025 | 15000 | First issue | BSE |
| 17. | INE348L07290 | 28-03-2025 | 02-04-2025 | 5000 | First issue | BSE |
| 18. | INE348L07308 | 16-05-2025 | 19-05-2025 | 10000 | First issue | BSE |
| 19. | INE348L07316 | 16-05-2025 | 19-05-2025 | 7500 | First issue | BSE |
| 20. | INE348L07324 | 30-07-2025 | 31-07-2025 | 20000 | First issue | BSE |
| 21. | INE348L07332 | 29-08-2025 | 01-09-2025 | 100000 | First issue | BSE |
| 22. | INE348L07316 | 19-08-2025 | 20-08-2025 | 15000 | Further issue | BSE |
| 23. | INE348L07340 | 28-11-2025 | 01-12-2025 | 150000 | First issue | BSE |
| 24. | INE348L07357 | 30-12-2025 | 01-01-2026 | 10000 | First issue | BSE |
| 25. | INE348L07365 | 25-03-2026 | 27-03-2026 | 10000 | First issue | BSE |
Regulatory Compliance and Disclosures
The disclosure was submitted by Riddhi Bhaveshbhai Bhayani, Company Secretary and Chief Compliance Officer of MAS Financial Services Limited. The company confirmed that details regarding record dates for payment of interest and/or part-principal/redemption of Non-Convertible Debentures (NCDs) have already been intimated to the stock exchanges under Regulation 60 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Credit Rating and Payment Status
The company stated that credit rating details have been previously provided to the stock exchanges and will be updated upon occurrence of any subsequent events. Similarly, the status of payment of interest and/or part-principal/redemption of NCDs has been communicated to the stock exchanges under Regulation 57(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Default History
In the disclosure, MAS Financial Services Limited confirmed that there has been no delay or default in servicing of NCDs issued by the company during FY 2025-26. The company's scrip codes on BSE are 540749 and 947381, with the trading symbol MASFIN on the National Stock Exchange of India Limited.
Historical Stock Returns for MAS Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.30% | +5.22% | +16.32% | +12.03% | +23.76% | +24.79% |
What is MAS Financial Services' planned debenture issuance strategy for FY 2026-27 given their active debt market participation?
How might the upcoming SEBI regulatory changes impact MAS Financial's future corporate debenture listing requirements?
Will MAS Financial Services expand its debenture listings to other exchanges beyond BSE to diversify its investor base?


































