Master Trust Limited has notified the stock exchanges of an upcoming Board of Directors meeting scheduled for Tuesday, May 12, 2026, at 4:00 PM in Ludhiana. The intimation has been issued pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to deliberate on key financial matters pertaining to the concluded fiscal year. The following items are on the agenda:

Trading Window Closure

In compliance with the company's Code of Fair Disclosure and Code of Conduct for Prevention of Insider Trading under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in shares of Master Trust Limited has been closed with effect from April 1, 2026. The trading window will reopen 48 hours after the declaration of the audited financial results for the quarter and financial year ended March 31, 2026.

The intimation was signed by Vikas Gupta, Company Secretary and Compliance Officer (FCS 12192), on behalf of Master Trust Limited, and is dated May 6, 2026.

Master trust promoters have pledged 50 lakh equity shares to ICICI Bank Limited as collateral for loans to be availed by the company's wholly owned subsidiary. The pledge was created on March 31, 2026, and disclosed to stock exchanges on April 2, 2026, under Regulation 31(1) of SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Pledge Details and Promoter Holdings

Two key promoters participated in the share pledge arrangement. Harjeet Singh Arora, who holds 1,58,68,480 shares (12.90% of total share capital), pledged 25 lakh shares to ICICI Bank. Similarly, Rajinder Kumar Singhania, holding 2,87,28,570 shares (23.35% of total share capital), also pledged 25 lakh shares to the same lender.

Purpose and Beneficiary

The share pledge serves as collateral for loans to be availed by Master Capital Services Limited, the wholly owned subsidiary of Master Trust Limited. ICICI Bank Limited has been identified as the lender in whose favor the shares have been encumbered. The pledge arrangement demonstrates the promoters' commitment to supporting the subsidiary's financing requirements through their personal shareholdings.

Overall Promoter Group Impact

The Master Trust Limited promoter group collectively holds 8,84,87,120 shares, representing 71.93% of the company's total share capital. With the latest pledge creation, the total encumbered shares across the promoter group now stand at 1,50,00,000 shares, accounting for 12.20% of the total share capital. The remaining promoter group members, including Mrs. Harneesh Kaur Arora, Mr. Jaswanjyot Singh Arora, Mrs. Parveen Singhania, and others, have not encumbered any of their shareholdings.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, with the formal communication addressed to both BSE Limited (Scrip Code: 511768) and National Stock Exchange of India Limited (Symbol: MASTERTR). The pledge creation date of March 31, 2026, and reporting date of April 2, 2026, demonstrate timely regulatory compliance by the promoters.