Allotment of Securities

MFSL/SEC/EQ/2026/50 June 24, 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 – 40005 Scrip Code: 540749, 947381 Trading Symbol: MASFIN Dear Sir, Sub.: Outcome of the meeting of the Finance Committee of the Board of Directors of the Company in relation to the allotment of 14,000 (fourteen thousand) rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures denominated in Indian Rupees ("INR"), having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate nominal value of INR 140,00,00,000 (Indian Rupees One Hundred and Forty Crore) on a private placement basis Ref: Intimation under Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") Further to our letter dated April 29, 2026 in respect of the outcome of the meeting of the Board of Directors of the Company dated April 29, 2026 and pursuant to Regulation 30 and other applicable provisions of the SEBI LODR Regulations and Chapter V and Annexure 18 of the master circular issued by the Securities and Exchange Board of India ("SEBI") bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 on "Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities" read with the master circular issued by SEBI bearing reference number SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025 on "Master Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper" ("SEBI LODR Master Circulars"), we, MAS Financial Services Limited ("Company"), we would like to inform you that the meeting of the Finance Committee ("Finance Committee") of the Board of Directors of the Company was held today i.e., Wednesday, June 24, 2026, and the Finance Committee has, inter alia, allotted 14,000 (fourteen thousand) rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures denominated in INR, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate nominal value of INR 140,00,00,000 (Indian Rupees One Hundred and Forty Crore) ("Debentures") on a private placement basis. Further, the Debentures have been rated "CARE AA- (Stable)" by CARE Ratings Limited. The details as required under the SEBI LODR Regulations read with Chapter V and Annexure 18 of the master circular issued by SEBI bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 on "Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities" with respect to issuance of non-convertible debentures is enclosed as "Annexure A" to this letter. You are requested to take the same on record. Thanking you, Yours faithfully, For, MAS Financial Services Limited Riddhi Bhaveshbhai Bhayani Company Secretary & Chief Compliance Officer Membership No.: A41206 Encl.: As above Annexure- A Disclosure as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Chapter V and Annexure 18 of the master circular issued by SEBI bearing reference number HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 on "Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities": Sr. Particulars Details of Securities 1. Ty pe of Securities proposed to be issued Rated, listed, senior, secured, redeemable, transferable, taxable, non- convertible debentures 2. Ty pe of Issuance Private Placement 3. Siz e of Issue/total number of securities 15,000 (fifteen thousand) rated, listed, senior, secured, redeemable, proposed to be issued transferable, taxable, non-convertible debentures denominated in Indian Rupees ("INR"), having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate nominal value of INR 150,00,00,000 (Indian Rupees One Hundred and Fifty Crore) which is inclusive of a green shoe option ("Green Shoe Option") of 5,000 (five thousand) rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures denominated in Indian Rupees, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate nominal value of INR 50,00,00,000 (Indian Rupees Fifty Crore) 4. Wh ether securities proposed to be listed? If Yes. The Debentures are proposed to be listed on the Wholesale Debt Yes, Name of the Stock Exchange Market segment of BSE Limited. 5. Pos t Allotment of Securities - Outcome of 14,000 (fourteen thousand) rated, listed, senior, secured, redeemable, Subscription transferable, taxable, non-convertible debentures denominated in INR, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate nominal value of INR 140,00,00,000 (Indian Rupees One Hundred and Forty Crore). 6. Iss ue Price INR 1,00,000 (Indian Rupees One Lakh) per Debenture. 7. Ten ure of the Instrument - date of Date of allotment: June 24, 2026 ("Deemed Date of Allotment") allotment and date of maturity Date of maturity: June 24, 2028 ("Final Redemption Date") Tenure: 24 (twenty four) months from the Deemed Date of Allotment. 8. Co upon/interest offered, schedule of Coupon Rate: 8.70% (eight decimal seven zero percent) per annum payment of coupon/interest and principal payable quarterly. Coupon Payment Dates: The interest/coupon in respect of the Debentures is payable by the Company on a quarterly basis in accordance with the DTD. Principal Payment Date: The Debentures shall be fully redeemed on a pari passu basis by the Company by making the payment of the outstanding principal amounts in respect of the Debentures on the Final Redemption Date, in accordance with the DTD. Sr. Particulars Details of Securities 9. Ch arge / Security, if any created over the The Debentures and the outstanding amounts in respect of the assets Debentures shall be secured on or prior to the Deemed Date of Allotment by way of (a) a first ranking exclusive and continuing charge to be created in favour of the debenture trustee ("Debenture Trustee") pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company in a form acceptable to the Debenture Trustee over certain identified book debts/loan/investment receivables of the Company as described therein (the "Hypothecated Assets"), and (b) such other security interest as may be agreed between the Company and the holders of the Debentures. The value of the Hypothecated Assets shall at all times, commencing from the Deemed Date of Allotment and until the Debentures are fully redeemed, be at least 1.1 (one decimal one) times the value of the outstanding amounts in respect of the Debentures. 10. Spe cial right/ interest/ privileges attached None. to the instrument and changes thereof; All rights/interests/privileges of the holders of the Debentures are set out in the debenture trust deed ("DTD") executed/to be executed between the Company and the Debenture Trustee and the other transaction documents executed/to be executed in respect of the Debentures (together with the DTD, the "Transaction Documents"). 11. De lay in payment of interest / principal On the occurrence of a payment default, additional interest at 2% amount for a period of more than three (two percent) per annum over the Coupon Rate will be payable in months from the due date or default in respect of the Debentures on the Outstanding Princ [Showing first 8,000 characters — download PDF for full document]