Ahmedabad :The Board of Directors of “MAS Financial Services Limited” (BSE: 540749, NSE: MASFIN), a company specializing in MSME financing, convened today to discuss and approve various matters, which include:
- To acknowledge the significant achievement of crossing the monumental milestone of ₹10,000 Crore in consolidated Assets Under Management (AUM), the board has proposed the issuance of Bonus Shares in a 2:1 ratio. This translates to 2 (Two) new fully paid-up bonus equity shares of ₹10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of ₹10/- (Rupees Ten only) each held by the company’s shareholders as of the Record Date.
- In order to propel the company to the next phase of growth, the board has approved an enabling resolution to raise funds. The aggregate amount targeted is not to exceed ₹700 Crores, and this capital infusion will be carried out in one or more tranches through a Qualified Institutions Placement (QIP). The process will adhere to the relevant provisions of applicable law and is subject to approval from the Company’s shareholders, as well as obtaining necessary regulatory approvals.