MAS Financial Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 03, 2025
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MAS Financial Services Limited has called its 30th AGM for Wednesday, September 3, 2025 at 11:30 AM, to be held via video conferencing. Key items on the agenda include adoption of audited FY25 financial statements, declaration of a final dividend of ₹0.70 per equity share (7% on face value of ₹10), and re-appointment of Mr. Dhvanil Kamlesh Gandhi as a director retiring by rotation. Shareholders will also be asked to approve the appointment of M/s. Ashish Shah & Associates as Secretarial Auditor for 5 years (FY26–FY30) at a fee of up to ₹8 lakh per year plus taxes. Two special resolutions seek to raise the company's borrowing limit under Section 180(1)(c) up to ₹13,500 Crores and enhance the charge creation limit on company assets under Section 180(1)(a). The book closure runs from August 28 to September 3, 2025, with the record date for dividend and e-voting eligibility set at August 27, 2025. Remote e-voting is open from August 30 to September 2, 2025.
The final dividend of ₹0.70 per share offers a modest yield to shareholders, while the proposed sharp increase in borrowing power to ₹13,500 Crores signals the NBFC's aggressive growth ambitions, which could lift assets and earnings but also raise leverage. Shareholders must hold shares by the August 27 record date to be eligible for the dividend and e-voting.