Master Trust Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025 along with a copy of minutes.
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Master Trust Limited held its 40th Annual General Meeting on September 30, 2025, in Ludhiana, Punjab, from 4:00 PM to 4:30 PM, chaired by Managing Director Mr. Harjeet Singh Arora. A total of 33 members were present in person (including 4 body corporates), and no questions or suggestions were raised by shareholders. Seven resolutions were moved, covering adoption of audited financial statements for FY ended March 31, 2025, appointment of a new secretarial auditor for 5 years, reappointment of a retiring director, approval of the new ESOP 2025 plan (for company and subsidiary employees), and related party transactions for FY 2025-26 including material RPTs with Master Capital Services Limited. Voting was conducted via remote e-voting (CDSL) and ballot at the meeting, with the scrutinizer appointed to oversee the process. Combined voting results are to be declared and shared with exchanges within 2 working days of the AGM conclusion.
The ESOP 2025 approval, once passed, could lead to equity dilution for existing shareholders as options are granted and exercised over time. Related party transactions with Master Capital Services are flagged as material, warranting shareholder attention; the final voting outcome (expected within 2 days) may be the next catalyst for the stock.