Master Trust Limited successfully concluded its 41st Annual General Meeting (AGM) on September 30, 2026, in Ludhiana, Punjab. All four ordinary resolutions proposed by the Board of Directors were approved by shareholders with the requisite majority.

The meeting was held at 4:00 pm at "A Hotel by Grewalz," adjacent to the District Courts. The primary agenda included the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the reappointment of a director retiring by rotation.

Voting results overview

The scrutinizer's report confirmed that voting was conducted through remote e-voting and physical polling. The total number of votes exercised across the resolutions varied slightly due to exclusions for interested parties in related party transactions.

Key resolutions approved

Adoption of Financial Statements The first resolution sought to receive, consider, and adopt the audited standalone and consolidated financial statements for FY26, along with the reports of the Board of Directors and Auditors. This resolution received overwhelming support, with 100,324,557 votes in favour against just 50 votes against.

Director Reappointment Shareholders approved the reappointment of Harneesh Kaur Arora as a director. She retires by rotation and was eligible for reappointment. The resolution passed with 56,080,977 votes in favour. Notably, promoter group votes were excluded from this count as they are considered interested parties.

Related Party Transactions (RPT) Two resolutions pertained to related party transactions for FY27:

1. General approval to enter into contracts or agreements with related parties.
2. Specific approval for material related party transactions with Master Capital Services Limited.

For both RPT resolutions, votes from interested parties (promoters and related entities) were excluded from the voting process. The general RPT resolution passed with 15,811,997 votes in favour, while the specific transaction with Master Capital Services Limited passed with 15,811,992 votes in favour.

What the Numbers Show

A distinct pattern emerges when comparing the voting turnout across different agenda items. While the adoption of financial statements saw participation from over 100 million votes, the vote count for director reappointment dropped to approximately 56 million. This significant reduction is directly attributable to the exclusion of promoter group votes, who hold a substantial stake but are classified as interested parties in the director's reappointment. Similarly, for the Related Party Transaction resolutions, the eligible voting pool shrank further to roughly 15.8 million votes, reflecting the strict regulatory requirement that only non-interested public shareholders can vote on such matters. This highlights the high concentration of promoter holding in Master Trust Limited, where their exclusion drastically reduces the denominator for approval calculations in governance-sensitive items.

Master Trust Limited will participate in the Arihant Bharat Connect Conference: Rising Stars 2026 on September 29, 2026, at 1:00 pm IST. The company confirmed its attendance through a regulatory filing to stock exchanges.

Conference details and compliance

The company stated that no unpublished price sensitive information (UPSI) will be discussed or shared during the course of this conference. This intimation is submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory filing specifics

The notice was signed by CS Vikas Gupta, Company Secretary and Compliance Officer, on September 23, 2026. The filing was addressed to the Listing Managers at both BSE Limited and National Stock Exchange of India Ltd. The company affirmed that the information is being submitted for records and compliance purposes.