Master Trust Limited has informed the Exchange regarding Board meeting held on August 30, 2025.
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Master Trust Limited held a board meeting on August 30, 2025, where directors approved several items. The Board approved the Board Report for FY 2024-25 along with the Secretarial Audit Reports for the company and its material subsidiary Master Capital Services Limited. The 40th Annual General Meeting (AGM) was scheduled for September 30, 2025, at 4:00 PM in Ludhiana, with the register of members to remain closed from September 25 to September 30, 2025. The Board approved a new Employee Stock Option Plan (ESOP 2025) for eligible employees of the company and its subsidiaries, subject to shareholder approval. Additionally, the Board approved related party transactions for FY 2025-26, including a material related party transaction with Master Capital Services Limited capped at Rs. 1,000 crore. Mr. Gurmeet Singh Chawla was also re-appointed as a director, liable to retire by rotation, subject to shareholder approval.
The introduction of the ESOP 2025 plan and the significant Rs. 1,000 crore related party transaction cap with Master Capital Services Limited could have implications for shareholder dilution and inter-group dealings, requiring shareholder approval at the upcoming AGM. The 40th AGM on September 30 will be a key event where investors will vote on these proposals.