MAS Financial Services Limited has successfully completed the allotment of non-convertible debentures worth ₹100.00 crores through private placement. The Finance Committee of the Board of Directors approved the allotment on December 30, 2025, marking a significant fundraising milestone for the financial services company.

Debenture Structure and Terms

The company has allotted 10,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures with specific financial parameters:

The debentures carry a credit rating of "CARE AA-/Stable" assigned by CARE Ratings Limited, reflecting the company's creditworthiness and financial stability.

Interest Payment Schedule

The debentures offer an attractive interest rate structure with regular monthly payments. Interest payments will commence from January 30, 2026, and continue monthly until the final redemption date of December 30, 2028. The principal amount will be repaid in full on the maturity date through pari passu redemption.

Security and Collateral Framework

The debentures are backed by comprehensive security arrangements to protect investor interests:

Listing and Trading Details

The non-convertible debentures will be listed on the Wholesale Debt Market segment of BSE Limited, providing liquidity options for investors. The private placement approach allows the company to raise funds efficiently while maintaining control over the investor base and terms of issuance.

Regulatory Compliance

The allotment has been completed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements under the SEBI LODR Master Circular, ensuring transparency and regulatory compliance throughout the fundraising process.

MAS Financial Services Limited has received an upgraded ESG rating from CareEdge ESG Ratings, a SEBI-registered ESG rating provider. The company announced this development to the stock exchanges on December 29, 2025, in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

ESG Rating Enhancement

MAS Financial Services has achieved significant improvement in its ESG performance metrics. The upgraded rating reflects the company's enhanced approach to environmental, social, and governance practices.

Rating Significance

The CareEdge-ESG 2 rating carries specific implications for the company's ESG risk management capabilities. According to the rating methodology, this grade indicates a strong position in managing ESG risks through superior disclosures, policies, and performance. The rating upgrade demonstrates MAS Financial Services' commitment to sustainable business practices and enhanced governance standards.

The improved ESG rating score of 65.6, up from the previous 61.4, signifies a notable advancement in the company's ESG risk management position. This upgrade to CareEdge-ESG 2 rating further underscores the company's strong stance in addressing and mitigating ESG-related risks.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by promptly informing both major stock exchanges about this rating upgrade. The communication was addressed to BSE Limited and National Stock Exchange of India Limited. Company Secretary and Chief Compliance Officer Riddhi Bhaveshbhai Bhayani signed the regulatory filing, ensuring proper documentation and compliance with listing requirements.

This ESG rating improvement positions MAS Financial Services favorably among peers in terms of sustainability metrics and risk management practices.