Master Trust Limited has informed the stock exchanges that its wholly owned subsidiary, Master Capital Services Limited, has received listing approval from the National Stock Exchange of India (NSE) for 30,000 Non-Convertible Debentures (NCDs) on the Debt segment, effective May 07, 2026. The intimation was filed pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuance of the company's earlier communication dated March 05, 2026.

NCD Listing Details

The listing approval was granted by NSE vide letter dated May 07, 2026, bearing reference number NSE/LIST/10553. The debentures are classified as Secured, Redeemable, Non-cumulative, and Taxable Non-Convertible Debentures. The key details of the listed securities are as follows:

Regulatory Compliance

As part of the listing requirements, NSE has directed Master Capital Services Limited to submit all reports, statements, intimations, documents, filings, and any other information required under applicable SEBI Regulations and SEBI Circulars through NEAPS — the NSE Electronic Application Processing System. The exchange has also requested the company to ensure compliance with all applicable timelines and regulations as outlined in the Debt Compliance Calendar published on the NSE website.

The intimation was filed by Vikas Gupta, Company Secretary and Compliance Officer of Master Trust Limited, on May 07, 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.