MAS Financial Services Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the re-appointment of Dr. Barnali Chaklader as Woman Independent Director. The special resolution was passed on February 28, 2026, following a month-long remote e-voting process that demonstrated strong shareholder confidence in the company's governance structure.

Official Disclosure and Regulatory Compliance

The company formally disclosed the voting results to BSE Limited and National Stock Exchange of India Limited on March 02, 2026, through communication reference MFSL/SEC/EQ/2026/21. The disclosure included comprehensive voting results pursuant to Regulation 44 of the SEBI (LODR) Regulations, 2015, along with the scrutinizer report dated March 02, 2026.

Voting Results Overview

The postal ballot results revealed exceptional shareholder support for the proposed resolution. Out of the total participating shares, an overwhelming majority voted in favour of Dr. Chaklader's re-appointment for a second term of 5 consecutive years.

Category-wise Voting Pattern

The voting pattern across different shareholder categories demonstrated broad-based support for the resolution. Promoter and promoter group showed unanimous support, while institutional and retail investors also backed the proposal significantly.

E-Voting Process and Scrutinizer Report

The remote e-voting process was conducted through Central Depository Services (India) Limited (CDSL) platform, ensuring secure and transparent voting mechanism. Ashish Shah & Associates served as the scrutinizer for the voting process, providing an independent verification of the results.

Resolution Details and Regulatory Framework

The special resolution pertained to the re-appointment of Dr. Barnali Chaklader (DIN: 10970760) as a Woman Independent Director of the company for a second term of 5 consecutive years. The resolution was classified as special business with no promoter or promoter group interest in the agenda.

The postal ballot process was conducted in full compliance with Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All relevant documents have been uploaded on the respective stock exchange websites and the company's official website at https://mas.co.in/ .

MAS Financial Services Limited has secured regulatory approval from the Reserve Bank of India (RBI) to expand its business operations into the factoring segment. The company announced this development through a regulatory filing dated March 2, 2026, marking a significant milestone in its growth strategy.

RBI Approval Details

The company has received the "Certificate of Registration - Additional Certificate of Registration to existing NBFC for Factoring" from the RBI. This approval grants MAS Financial Services the authority to commence and carry on factoring business operations, subject to prescribed regulatory conditions.

Business Implementation Strategy

The company has indicated that it may commence factoring business operations in due course, contingent upon market conditions and the availability of suitable opportunities. This measured approach reflects the company's strategic planning in entering the new business segment.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements outlined in SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Strategic Significance

This approval represents an expansion of MAS Financial Services' existing NBFC operations into the factoring business segment. The factoring business typically involves the purchase of accounts receivable from businesses, providing them with immediate cash flow while the factor assumes the responsibility of collecting the receivables.

The regulatory filing was signed by Riddhi Bhaveshbhai Bhayani, Company Secretary and Chief Compliance Officer, ensuring proper corporate governance protocols were followed in the announcement process.