Investor Presentation

MFSL/SEC/EQ/2026/94 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.: Investor Presentation for the quarter ended on September 30, 2026. Please find enclosed herewith Investor Presentation 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 INVESTOR PRESENTATION – Q2FY27 2026-27 1995-96 Disclaimer This presentation has been prepared by and is the sole responsibility of MAS Financial Services Limited (together with its subsidiary MAS Rural Housing & Mortgage Finance Limited and MASFIN Insurance Broking Private Limited ). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contractor commitment, therefore. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among other: (a) material changes in the regulation governing our businesses; (b) the Company’s inability to comply with the capital adequacy norms prescribed by the RBI; (c) decrease in the value of the Company’s collateral or delays in enforcing the Company’s collateral upon default by borrowers on their obligations to the Company; (d) the Company’s inability to control the level of NPAs in the Company’s portfolio effectively; (e) certain failures, including internal or external fraud, operational errors, systems malfunctions, or cyber security incidents; (f) volatility in interest rates and other market conditions; and (g) any adverse changes to the Indian economy. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. There is a possibility of the financial results and the additional disclosures to be updated, modified or amended because of adjustments which may be required to be made on account of introduction of new standards or its interpretation, receipt of guidelines or circulars from regulatory bodies and/ or Reserve Bank of India and/or changes because of exercising any available exemptions. Note on change in accounting policy for income recognition on direct assignment transaction: During the quarter ended 31st March 2023 the Company is directed by Reserve Bank of India to book the gain on assignment transaction upfront in the statement of profit and loss in accordance with Ind AS 109 instead of amortising it over the period of the underlying residual tenure of the assigned loan portfolio as practiced by the Company, by exercising their judgement under para 19 of Ind AS 1 for better transparency as per the Company’s view. The new accounting policy has been implemented retrospectively and being presented from the beginning of the earliest period i.e. 1 April 2021. Table of Contents 1 EXECUTIVE SUMMARY 04 2 MAS AT A GLANCE 05 3 STANDALONE FINANCIAL REVIEW 13 4 CAPITAL & LIABILITY MANAGEMENT 22 5 STRONG FUNDAMENTALS 26 6 MAS RURAL HOUSING & MORTGAGE FINANCE LIMITED - SUBSIDIARY 30 7 LEVERAGING TECHNOLOGY ACROSS SPECTRUM 36 8 WAY FORWARD 39 9 PROVEN LEADERSHIP TEAM 42 10 SHAREHOLDING PROFILE 46 11 EVENTS & MILESTONES 48 Executive Summary – Q2FY27 Consolidated AUM crosses ₹ 17,000 Crore and MRHMFL (Subsidiary) AUM crosses ₹ 1,000 Crore ▪ Consolidated AUM grew by 23.31% YoY and 5.71% QoQ to ₹ 17,043 Crore 1. ▪ Standalone AUM grew by 23.17% YoY and 5.71% QoQ to ₹ 16,011 Crore ▪ MRHMFL (Subsidiary) AUM grew by 25.53% YoY and 5.68% QoQ to ₹ 1,031 Crore ▪ Consolidated NII grew by 31.31% YoY and 4.20% QoQ to ₹ 339 Crore ▪ Standalone NII grew by 30.35% YoY and 4.60% QoQ to ₹ 322 Crore ▪ Consolidated PAT grew by 25.91% YoY and 4.51% QoQ to ₹ 115 Crore ▪ Standalone PAT grew by 22.69% YoY and 5.21% QoQ to ₹ 110 Crore ▪ Standalone Opex to NII improved to 34.59% vs 36.30% YoY and 34.80% QoQ ▪ Standalone Cost of Borrowing improved to 9.19% vs 9.62% YoY and 9.25% QoQ ▪ Standalone ROA AUM stood at 2.90% vs 2.85% YoY and 2.91% QoQ ▪ Standalone ROE improved to 15.33% vs 14.28% YoY and 15.10% QoQ Note: Data for Q2FY27 and corresponding quarters Q1FY27 (QoQ) and Q2FY26 (YoY) MAS Group at a Glance (Consolidated) MAS Financial Services was established in 1995: “Visualizing the vast opportunities in serving financial needs of the underserved segments of the country” Diversified Product Portfolio Years of Endeavours 1,70,429 11,537 ₹ Mn ₹ Mn Micro Enterprise Loans SME Loans Assets Under Management Total Income (H1FY27) 3,019 2,253 ₹ Mn ₹ Mn Profit Before Tax Profit After Tax (H1FY27) (H1FY27) Two-Wheeler Loans Commercial Vehicle Loans Branches States / Union Territory (MAS Group) Click below to view detailed Data Sheet: Salaried Personal Loans Housing Loans Q2FY27 Data Book 5 Data as on 30th September 2026 MAS Financial at a Glance MAS Financial Services was established in 1995: “Visualizing the vast opportunities in serving financial needs of the underserved segments of the country” Diversified Product Portfolio Years of Endeavours Micro Enterprise Loans SME Loans 1,60,114 14 209 Assets Under Management States / Union Territory Branches 16,500 16,00,000 227 Two-Wheeler Loans Commercial Vehicle Loans Customer locations Active Loan accounts NBFCs Partnership Sourcing Intermediaries 805 479 Two-Wheeler Dealers Commercial Vehicle Salaried Personal Loans 6 Data as on 30th September 2026 Strong Distribution Network MAS has steadily entered adjacent geographies Punjab 2 Uttarakhand Haryana 1 Branches Delhi Uttar Pradesh Rajasthan Pan India Network presence 61 42 through Gujarat Madhya Pradesh Chhattisgarh Maharashtra Telangana NBFC Partners Andhra Pradesh Karnataka Presence through Branches and NBFC Partners Presence through NBF [Showing first 8,000 characters — download PDF for full document]