Press Release

MFSL/SEC/EQ/2026/93 October 28, 2026 To, To, The Manager, General Manager BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Plot No. C/1, G Block Mumbai – 400001 Bandra-Kurla Complex Bandra (East) Mumbai – 400051 Scrip Code: 540749, 947381 Trading Symbol: MASFIN Dear Sir, Sub.: Press Release for the quarter ended on September 30, 2026 Please find enclosed herewith Press Release for the quarter ended on September 30, 2026. Thanking you, Yours faithfully, For, MAS Financial Services Limited Riddhi Bhaveshbhai Bhayani Company Secretary and Chief Compliance Officer ACS No.: 41206 Encl.: As above FINANCIAL | *'ff"%"J*. Purpose Led. nnoraniiuruni Progress Driven. PRESS RELEASE MAS Financial Services Limited Results - 2nd Quarter FY 27 A Robust Financial Performance On a consolidated basis the AUM of the company crosses 17OOO Crores and PAT of 115 Crores A strons srowth of 23.31% in AUM and 25.91% in PAT Wednesday, 28th October 2026, Ahmedabad: The Board of Directors of MAs Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financin8, announced today the unaudited financial results for the quarter ended 30th September 2026. 126 Ouarters of Consistent Financial Performance is the testimony to the strong fundamentals of the company, which has been followed for last three decades. Performance Highlights - (Consolidated) MAS Financial Services Limited on a consolidated basis reports Assets under Management {AUM) oft U042.86 Crores and Profit after Tax (PAT} of{ 115.12 Crores for the quarter ended 3os september 2025 from ( 13821.14 Crores and { 91.43 Crores respectively for the quarter ended 30$ September 2025, The consolidated disbursement was 4907.95 Crores during the quarter ended 30$ September 2025 while extending credit where it is due. A Growth of -23% in AUM and -26% in PAT over the corresponding quarter of the previous yea r. Performance Highlights - MAS Financial services limited (Standalone) MAS Financial Selices Limited reports Assets under Mana8ement (AUM) of 16011.38 Crores and Profit after Tax (PAT) of 110.05 Crores for the quarter ended 3Oh September 2026 from < 12999.rt4 Crores and t 89,70 Crores respectively for the quarter ended 3oih September 2025. The AUM as on 306 June 2026 was { 15146.73 Crores. The standalone disbursement was < 4812.05 Crores during the quarter ended 30s September 2025. A Growth of -23% in AUM and -23% in PAT over the corresponding quarter of the previous yea r. capital Adequacl Ratio (including Tier ll capital) as of 30th September 2026 remained very strong at 22.12% with Tier-l capital at 20.82%. The portfolio quality remained stable and strong at 2.63% gross stage 3 assets and 1.7096 net stage 3 assets of AUM as compared to 2.58% gross stage 3 assets and L.7@$ net stage 3 assets of AUM as on 3oth June 2026. The company continues to carry a management overlay of 17.60 Crores as on 3oth September 2026, 0,13% ofthe on-book assets. (< in crores) Particulars Q2'27 Q2'26 YoY HL,27 H1',26 YoY FY26 Assets Under Management 16011.38 12999.44 23.t7%+ 16011.38 L2999.44 23.L7%+ I 14363.67 Total lncome 560.29 459.49 27.94%1 1090.61 902.38 20.86.a+ 1900.33 Profit Before Tax* 747 .38 L20.23 22.s8%1 287 .63 232.66 23.53o6t I 493.07 Profit After Tax* 110.0s 89.70 22.69%A 214.65 173.60 23.6s%t 366.81 'Note: Excluding one-time impact of New Labour Code provision of < 4.24 crore in Q3FY26. PAT fo. FY25 was 363.65 crore (including one-time impact of New Labour Code provision) ({ in Crores) Asset Under Management (AUM)* September-25 September-25 YoY Micro-Enterprise Loans 6684.54 52tO.O2 28.30%l 5ME Loans 5723.79 4632.82 23.s4%l 2-Wheeler Loans 1061.88 924.O7 t4.gLo/"+ Commercial Vehicle Loans 1083.60 10s9.03 2.32%1 Sa laried Personal Loans 1458.18 LL73.5t 24.26%l TOTAL AUM 16011.38 L2999.M 23.17%1 *Represents underlying assets in each of the categories. As on 30th September 2025, 31.77% ofthe total underlying assets are through various NBFC5. The MSME seBment contributed approximately 85% in the YoY AUM growth ofthe company while other products also contributed meaningfully. Performance Highlights - MAS Rural Housing and Mortgage Finance Limited (Standalone) AUM of the MAS Rural Housins and Mortsase Finance Limited (MRHMFL) crosses <1000 Crores MAS Rural Housing and Morttage Finance Limited reports Assets under Management of 1031.47 Crores and Profit after Tax of ( 4.52 Crores for the quarter ended 30'h September 2025 from { 821.70 crores and { 2.99 crores respectively for the quarter ended 306 s€ptember 2025. A growth of -26% in AU M and -55% in PAT over the corresponding quarter of the previous year Capital Adequacy Ratio (including Tier ll capital) as on 30th September 2026 remained very strong at 34.U%. The Tier-l capital stood at 32.1096. The portfolio quality remalned stable and strong at 0.9!r% gross stage 3 assets and 0.7096 net stage 3 assets of AUM as compared to 0.98% gross stage 3 assets and 0.68% net staBe 3 assets ofAUM as on 3oth June 2025. The company continues to carry a management overlay of { 3,69 crores as on 30th September 2025, 0.48% of the on-book assets. ({ in Crores) HL'27 Particulars Q2'27 Q2'25 YoY H1'26 YoY FY26 Assets Under Management \o37.47 82L.70 2s.s3%i LO3L.47 82L.70 2s.s3%a 940.19 Total lncome 30.54 24.92 22.57%l 60.40 47.9L 26.Os%+ 101.92 Profit Before Tax* 5.94 3.90 52.34o/.t 11.64 7 .43 s6.7s%t 16.85 Profit After Tax* 4.62 2.99 s4.7L%+ 8.89 5.74 54.79%+ 12.90 ' Note: Excluding one-time impact of New Labour Code provision ol { 0.58 crore in Q3FY26. PAT for FY26 was { 12.46 crore (including one-time impact of New Labour code provision) Commenting on the performance, Mr. Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said, 'Team MAS, consistent to its belief that steadily and consistently is the fastest way to reach your Soal has once again demonstrated a very robust performance signifying high{uality growth for this quarter too. More than 23% growth in AUM and 25% in PAT on a consolidated basis bears the testimony to the same, we remain committed to grow between 2gyo-25% prioritizing risk management and profitability." Team MAS remains committed to its mission of "Excellence through endeavors." which we now reckon as"PURPOSE LED PROGRESS DRlvEN" For and on behalf of the Board rsr sh C. Gandhi Place: Ahmedabad (Chairman & ing Director) Date: October 28, 2026 rN - 000448s2)