Investor Presentation

MFSL/SEC/EQ/2026/64 July 29, 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 June 30, 2026. Please find enclosed herewith Investor Presentation for the quarter ended on June 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 – Q1FY27 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 MAS AT A GLANCE 04 2 GROWTH STORY 07 3 INDUSTRY OVERVIEW 12 4 STANDALONE FINANCIAL REVIEW 15 5 CAPITAL & LIABILITY MANAGEMENT 24 6 STRONG FUNDAMENTALS 28 7 MAS RURAL HOUSING & MORTGAGE FINANCE LIMITED - SUBSIDIARY 33 8 LEVERAGING TECHNOLOGY ACROSS SPECTRUM 39 9 FOCUS ON ENVIRONMENT, SOCIAL, & GOVERNANCE (ESG) 42 10 UNDERSTANDING MAS FINANCIAL 48 11 UNDERSTANDING RETAIL ASSET CHANNEL 55 12 WAY FORWARD 60 13 SHAREHOLDING PROFILE 63 14 EVENTS & MILESTONES 65 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 1,61,227 5,619 ₹ Mn ₹ Mn Micro Enterprise Loans SME Loans Assets Under Management Total Income (Q1FY27) 1,477 1,102 ₹ Mn ₹ Mn Profit Before Tax Profit After Tax (Q1FY27) (Q1FY27) Two-Wheeler Loans Commercial Vehicle Loans Branches States / Union Territory (MAS Group) Click below to view detailed Data Sheet: Salaried Personal Loans Housing Loans Q1FY27 Data Book 4 Data as on 30th June 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 1,51,467 13 209 Assets Under Management States / Union Territory Branches 16,500 14,50,000 223 Two-Wheeler Loans Commercial Vehicle Loans Customer locations Active Loan accounts NBFCs Partnership Sourcing Intermediaries 135 507 Two-Wheeler Commercial Vehicle Salaried Personal Loans 5 Data as on 30th June 2026 Strong Distribution Network MAS has steadily entered adjacent geographies Punjab 2 Uttarakhand Haryana 2 Branches Delhi Uttar Pradesh Rajasthan Pan India Network presence 61 42 through Gujarat Madhya Pradesh Chhattisgarh Maharashtra Telangana NBFC Partners Karnataka Presence through Branches and NBFC Partners Presence through NBFC Partners 5 Tamil Nadu 6 Map not to scale. For Illustrative purposes only GROWTH Belief & Philosophy CONSISTENTLY AND STEADILY IS THE FASTEST WAY TO REACH WHERE YOU WANT TO Journey of 124 Quarters Asset Under Management (AUM) 1,43,637 (In ₹ Mn) 1,20,998 1,01,256 80,926 62,468 53,384 59,663 53,724 41,570 31,561 25,650 20,052 20 1,510 2,312 2,597 2,682 3,884 5,118 6,909 10,123 13,910 4Q 44Q 48Q 52Q 56Q 60Q 64Q 68Q 72Q 76Q 80Q 84Q 88Q 92Q 96Q 100Q 104Q 108Q 112Q 116Q 120Q 124Q Profit After Tax (PAT)# (In ₹ Mn) 3,668 3,059 2,478 2,010 1,666 1,576 1,433 1,181 0 22 69 80 75 132 157 183 259 311 390 Q 0-4 Q 40-44 Q 45-48 Q 49-52 Q 53-56 Q 57-60 Q 61-64 Q 65-68 Q 69-72 Q 73-76 Q 77-80 Q 81-84 Q 85-88 Q 89-92 Q93-96 Q96-100 Q100-104 Q104-108 Q108-112 Q112-116 Q116-120 Q120-124 8 Figures up to March 17 is as per I-GAAP and from thereon it is IND-AS # Excludes the one-time impac [Showing first 8,000 characters — download PDF for full document]