NOTICE OF 40TH ANNUAL GENERAL MEETING TO BE HELD ON 30..09.2025 AT 04:00 P.M. AT "A HOTEL BY GREWALZ" FEROZE GANDHI MARKET LUDHIANA PUNJAB 141001
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Master Trust Limited has issued the notice for its 40th Annual General Meeting to be held on Tuesday, September 30, 2025 at 4:00 PM at A Hotel by Grewalz, Ludhiana, Punjab. The agenda includes adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, appointment of M/s. Pooja M Kohli & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30), and re-appointment of Mr. Gurmeet Singh Chawla who retires by rotation. As special business, shareholders will vote on a new ESOP 2025 scheme covering up to 24,60,000 stock options convertible into equal equity shares of Rs. 1 each, applicable to employees of the company and its subsidiaries. Two related party transaction resolutions are also on the agenda, including a material RPT limit of up to Rs. 1,000 crore with Master Capital Services Limited. Remote e-voting runs from September 25 (10:00 AM) to September 29, 2025 (5:00 PM), with September 19, 2025 as the cut-off date. Share transfer books remain closed from September 25 to September 30, 2025.
The ESOP 2025 proposal could lead to dilution of up to 24,60,000 equity shares, while the Rs. 1,000 crore material related party transaction limit with Master Capital Services Limited is significant and warrants shareholder attention. Otherwise, the notice covers routine AGM items such as accounts adoption, director re-appointment, and auditor appointment.