Master Trust Limited has filed its annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited and National Stock Exchange of India Ltd on April 2, 2026, by Company Secretary and Compliance Officer Vikas Gupta.

Promoter Declaration and Compliance

Harjeet Singh Arora, promoter of Master Trust Limited, submitted the declaration on behalf of himself and other promoters of the company. In his statement, Arora confirmed that the promoters and persons acting in concert have not created any new encumbrances over their shareholdings during the financial year, beyond those already disclosed previously.

Shareholding and Encumbrance Details

The disclosure provides a comprehensive summary of promoter shareholding and pledge positions as of March 31, 2026:

The table shows that both key promoters maintain significant shareholdings in the company, with each having pledged 75,00,000 shares as encumbrance.

Regulatory Compliance Framework

The filing demonstrates Master Trust Limited's adherence to SEBI's transparency requirements under the SAST Regulations. These annual disclosures are mandatory for promoters to declare any changes in encumbrances over their shareholdings during the financial year. The regulation ensures that stakeholders have access to current information about promoter shareholding patterns and any restrictions on their holdings.

Filing Details and Communication

The disclosure was communicated to both major stock exchanges where Master Trust Limited is listed - BSE Limited (Scrip Code: 511768) and National Stock Exchange of India Ltd (Symbol: MASTERTR). Copies of the declaration were also sent to the company's Audit Committee Chairman, ensuring internal governance compliance alongside regulatory requirements.

Master Trust Limited's promoters have pledged 40,00,000 equity shares to ICICI Bank Limited as collateral for financing arrangements involving the company's wholly owned subsidiary. The pledge was executed on February 16, 2026, with formal disclosure made to stock exchanges on February 18, 2026, under Regulation 31(1) of SEBI Takeover Regulations.

Promoter Share Pledge Details

Two key promoters participated in the pledge arrangement to support Master Capital Services Limited's loan requirements:

Promoter Holdings Overview

The pledge represents a portion of the promoters' substantial shareholding in Master Trust Limited:

Regulatory Compliance and Purpose

The share encumbrance was disclosed in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. The pledged shares serve as collateral security for loans to be availed by Master Capital Services Limited, the company's wholly owned subsidiary. The formal disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on February 18, 2026.

Promoter Group Structure

The comprehensive promoter group holding structure demonstrates the family's significant stake in Master Trust Limited:

The pledge arrangement demonstrates the promoter group's commitment to supporting subsidiary operations through strategic financial structuring while maintaining regulatory transparency through timely disclosures to stock exchanges.