MAS Financial Services Limited has informed the Exchange regarding Appointment of Ashish Shah Associates as Other of the company w.e.f. July 23, 2025.
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MAS Financial Services reported strong Q1 FY26 results with total income rising to Rs. 443.77 crore (up ~28% YoY from Rs. 346.83 crore) and profit after tax of Rs. 83.90 crore (up ~19% YoY from Rs. 70.43 crore), translating to EPS of Rs. 4.62 per share. The Board approved re-appointment of Mr. Dhvanil Gandhi (son of CMD and promoter Kamlesh Gandhi) as director, retiring by rotation. It also appointed M/s. Ashish Shah & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The 30th AGM is scheduled for September 3, 2025, with book closure from August 28 to September 3, 2025. A final dividend of Rs. 0.70 per share for FY25 is pending shareholder approval. Additionally, the Board approved a related-party investment of up to Rs. 35 lakh in subsidiary MASFin Insurance Broking Pvt Ltd. Capital adequacy ratio remained healthy at 25.22% with gross stage 3 NPAs at 2.49%.
Strong YoY growth in both income and profit signals healthy business momentum and should be viewed positively by shareholders. The promoter family member's re-appointment and continuity in leadership reinforce succession planning. Stable asset quality (NPA at 2.49%) and strong capital position provide a solid cushion for growth.