Money Masters Leasing & Finance promoters pledged 70,93,750 equity shares, representing 7.07% of the paid-up capital, to Chinkita R. Agarwal on September 3, 2026.

The pledge was created pursuant to a loan transaction for the personal use of the promoters. The disclosure was made under Regulation 29(1) and Regulation 31(1) and 31(2) of the SEBI (SAST) Regulations, 2011, as well as Regulation 7(2) read with Regulation 6(2) of the SEBI (PIT) Regulations, 2015.

Pledge Details

The encumbrance involves shares held by Mr. Hozef Abdulhussain Darukhanawala jointly with Mrs. Durriya Hozef Darukhanawala, and Mrs. Durriya Hozef Darukhanawala jointly with Mr. Hozef Abdulhussain Darukhanawala.

The total promoter equity shareholding in the company comprises 3,47,86,740 shares, constituting 34.65% of the total shareholding. Following this event, the total number of encumbered shares held by the promoters stands at 2,84,36,120, which is 81.74% of their total promoter shareholding.

What the Numbers Show

The disclosure highlights a high concentration of encumbrance within the promoter group. With 81.74% of the promoter holding already pledged, the promoters have limited unpledged equity remaining to secure further personal borrowings without risking control stability. The security cover ratio for the new pledges is low, at 0.37:1 for one tranche and 0.36:1 for the other, indicating that the value of the pledged shares is significantly lower than the loan amounts secured (₹10,09,125 vs ₹27,00,000 and ₹36,01,813 vs ₹1,00,00,000 respectively).

Money Masters Leasing & Finance Limited shareholders approved all five resolutions at its 32nd Annual General Meeting on August 24, 2026, with 99.99% of votes cast in favour.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), commenced at 12:38 pm after the requisite quorum was not present at the scheduled time. Managing Director Hozef Darukhanawala chaired the proceedings following the absence of Chairperson Javid Husain Parkar.

Voting Breakdown

A total of 35.4 million shares were polled, representing 35.41% of outstanding shares. Promoter and promoter group shareholders, holding 34.7 million shares, voted 100% in favour across all five resolutions. Public non-institutional shareholders polled approximately 759,700 shares.

The appointment of Independent Director Mr. Vikrant Ponkshe received slightly lower support from public shareholders, with 420 votes cast against compared to 20 against for other resolutions. However, the resolution still passed with overwhelming majority support.

Key Resolutions Approved

Shareholders passed five resolutions during the meeting, which concluded at 1:22 pm IST:

• Adoption of Audited Financial Statements for FY26
• Reappointment of Mrs. Durriya Hozef Darukhanawala (retiring by rotation)
• Appointment of Mr. Saideep Rajendrakumar Agarwal as Non-Executive Non-Independent Director
• Appointment of Mr. Vikrant Ponkshe as Independent Director
• Appointment of Mr. Vishal Suresh Agarwal as Independent Director

Audit Observations

The Statutory Auditors’ Report for the financial year ended March 31, 2026, contained no qualifications, reservations, adverse remarks, or disclaimers. The Secretarial Audit Report noted one observation regarding the non-appointment of an Internal Auditor as per the Companies Act, 2013. The Company stated it is in the process of making this appointment.

Meeting Details

Forty members participated in the meeting through VC/OAVM, comprising three promoters and 37 public shareholders. Remote e-voting was available from August 21 to August 23, 2026. Nine members registered as speakers and raised queries, which were addressed by the Chairman. The Consolidated Scrutinizer’s Report, submitted by Hemanshu Upadhyay of HRU & Associates on August 25, 2026, confirmed all resolutions passed with requisite majority.