REG 34 - ANNUAL REPORT 2025-2026

MTL / SEC / 2026-27 / 33 Dated: 04.09.2026 To, To The Manager (Listing) National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, Bandra Kurla Complex, Floor 25, P.J. Towers, Bandra (East), Mumbai– 400051 Dalal Street, Mumbai-400001 Scrip Code: 511768 Symbol: MASTERTR Sub: SUBMISSION OF 41ST ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-2026 OF “MASTER TRUST LIMITED” Dear Sir/Mam, Pursuant to regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are hereby submitting the 41st Annual Report of the Company for the financial year ended 31st March, 2026. The above is also uploaded on the website of the Company at: https://master-trust-strapi.s3.ap-south-1.amazonaws.com/Annual_Report_2025_26_d19ac2a14d.pdf Thanking you For Master Trust Limited Vikas Gupta Company Secretary and Compliance Officer FCS 12192 Enclosed as above Four Decades of Trust. POWERED BY TECHNOLOGY. Master Trust Limited | Annual Report 2025-26 Across the Pages CORPORATE OVERVIEW 01-19 STATUTORY REPORTS 20-80 About Us 02 Director’s Report 20 Financial Solutions 04 Management Discussion and Analysis 46 Managing Director’s Message 08 Report on Corporate Governance 58 Performance Highlights 10 FINANCIAL STATEMENTS 81-201 Value Creation Model 12 Standalone 82 Responsible Growth 14 Consolidated 141 Group Management Team 16 Corporate Information 19 Scan this QR Code Disclaimer This document contains statements about expected future events Market Capitalisation `913.15 Cr. and financials of Master Trust Limited (‘The Company’) which are (as of 31st March, 2026) ‘forward-looking’. By their nature, forward-looking statements require CIN L65991PB1985PLC006414 the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, BSE Code 511768 predictions, and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance NSE Symbol MASTERTR on forward-looking statements as several factors could cause Bloomberg Code NA assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this Dividend Declared NA document is subject to the disclaimer and qualified in its entirety AGM Date 30th September, 2026 at 04:00 P.M. by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report. AGM Mode Physical mode ni.oc.tsurtretsam.www Four Decades of Trust. POWERED BY TECHNOLOGY. India’s capital markets are entering a period of sustained structural growth. Broader investor participation, rapid digital adoption and rising demand for integrated financial solutions are changing how individuals and institutions invest, manage risk and build wealth. In this evolving landscape, enduring relationships must be matched by the speed, intelligence and accessibility of technology. For more than four decades, mastertrust has earned the confidence of its clients through disciplined execution, research- led advice and a long-term approach to relationships. The Company is now building on this foundation through proprietary digital platforms, data-driven capabilities and a diversified financial services ecosystem. Together, these capabilities enable clients to trade, invest, protect and grow their wealth through one trusted partner. Four Decades of Trust. Powered by Technology, expresses this evolution with clarity. It reflects a business anchored in relationships, strengthened by experience and equipped for the future. Trust has brought mastertrust this far. Technology is powering where it goes next. 5,758.5 1,260.9 million million Total Income PAT 8,169.1 4.33 Lakhs+ million Net Worth Clients ET Best BFSI Brand, 2026 4th Consecutive Year About us A Trusted Legacy of Market Expertise Founded in 1985, Master Trust Limited (also referred to as ‘mastertrust’, or ‘The Company’) has grown into a diversified financial services institution with a strong presence in India’s capital markets. The Company offers research-backed trading and investment solutions across equities, derivatives, currencies, commodities and allied financial services. Serving individuals, institutions and businesses alike, it remains committed to delivering integrated financial solutions backed by expertise and trust. VISION MISSION PHILOSOPHY To be a well-diversified financial To always earn the right to be Becoming an expert at shop for wealth creation and to our clients’ first choice through anything takes a strong will, be an ideal service provider in personal and social wealth unyielding determination, and our domain of business. maximisation. pure ability. JOURNEY CORE VALUES 1985-1995 Take personal responsibility towards delivering value Develop trust through integrity Building the Foundation Apply the highest standards of merit in serving our clients Established the Encourage teamwork towards a common goal Company’s presence Embrace diversity as a driver of growth and innovation in the financial services industry through its incorporation, NSE CORPORATE STRUCTURE membership, and the successful listing of Master Trust Limited The Group’s holding company Master Trust Ltd, laying a strong foundation for future growth. Master Master Master Master Master Mastertrust Capital Insurance Infrastructure Commodity Portfolio Wealth Services Brokers and Real Services Services Private Limited* Limited* Eastate Limited** Limited** Limited** Developers Limited* *Wholly owned Subsidiaries | **Step down Subsidiaries Annual Report 2025-26 PRESENCE The Company’s operations span key markets across North, South, East 22 63 and West India, reflecting a network States in India Branches built for accessible, customer-centric financial services nationwide. Presence Network 01 Andhra Pradesh 12 Karnataka 02 Assam 13 Madhya Pradesh 03 Bihar 14 Maharashtra 04 Chandigarh 15 Odisha 05 Chhattisgarh 16 Punjab 06 Delhi 17 Rajasthan 07 Gujarat 18 Tamil Nadu 08 Haryana 19 Telangana 09 Himachal Pradesh 20 Uttar Pradesh 10 Jammu and Kashmir 21 Uttarakhand 11 Jharkhand 22 West Bengal Disclaimer: This map is a generalised illustration and not intended for reference. The Company does not assume responsibility for its accuracy or use. 1996-2005 2006-2017 2018-2023 2024-2026 Expanding Transitioning to Digital- Enabling Strengthening Market Capabilities Led Investing Scalable Growth Leadership Strengthened Expanded its investment Strengthened market Achieved key market capabilities and wealth management presence through milestones including its through strategic offerings with the launch sustained financial NSE listing in November expansion, acquiring of its flagship PMS growth and digital 2024, the launch of the memberships of product, mastertrust innovation. Consolidated Agnik trading app, and NCDEX, MCX, and India Growth Strategy, AUM crossed 20,000 Cr., the completion of BSE, diversifying into Master Trader algorithmic the client base exceeded 40 years of operations. insurance broking, trading solution, and the 3 Lakhs, and PAT The Company also and commencing mastermobile trading surpassed 65 Cr. The received the ET Best internet-based application, while Company also expanded BFSI Brand recognition trading services. establishing the Private into South India, launched for the fourth Wealth Management the MT Premier and consecutive year and vertical. During the year, SinglePoint platforms, and crossed 8,000+ million PMS AUM crossed `300 Cr., was recognised as one of in consolidated net while Mutual Fund AUM The Economic Times Best worth. surpassed 375 Cr. BFSI Brands 2023. Corporate Overview Statutory Reports Financial Statements Financial Solutions Finance for Tomorrow mastertrust has built an integrated financial-services ecosystem that combines proprietary technology, research-led insight and diversified solutions on a single platform. It is designed to meet the evolving needs of re [Showing first 8,000 characters — download PDF for full document]