MAS Financial Services Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Kamlesh Gandhi, on behalf of all promoters and persons acting in concert, has filed the annual declaration under SEBI Takeover Regulations confirming that promoters collectively hold 12,09,01,962 equity shares (66.63%) of MAS Financial Services as on March 31, 2025. The key declaration is that promoters have not created any encumbrance (pledge or lien) on these shares, directly or indirectly, during the entire financial year ended March 31, 2025. The shareholding is split among seven promoter/promoter group entities, with Shweta Kamlesh Gandhi holding the largest individual stake at 27.01%, followed by Late Mukesh Chimanlal Gandhi at 26.71% and Kamlesh Gandhi himself at 10.48%.
This is a routine annual compliance filing and is a positive signal for shareholders, as it confirms promoters have not pledged their shares during the year, reducing concerns around any forced selling risk. Promoter holding remains comfortably above the takeover threshold at 66.63% with stable ownership.