Annual Secretarial Compliance Report as on 31st March, 2026
Grant of 9,45,200 stock options under "Master Trust Limited Employee Stock Option Plan 2025 (the "ESOP 2025") to the eligible employees.
Publication of Audited Financial Results for the quarter and financial year ended 31.03.2026 in Desh Sewak (Punjabi) and Business Standard (English) on 14.05.2026.
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyMaster Trust Ltd 2CIN NO.L65991PB1985PLC006414 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 92.70 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: VIKAS GUPTA Designation: COMPANY SECRETARY EmailId: vikas.gupta@mastertrust.co.in Name of the Chief Financial Officer: Sunil Kumar Designation: CFO EmailId: sunilca@mastertrust.co.in Date: 12/05/2026 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Re-appointment of M/s. Romesh K. Aggarwal & Associates, Chartered Accountants as Internal Auditor for the FY 2026-27
Please find attached the Glimpse of Audited Financial Results for the Quarter and Year Ended 31.03.2026
Please find attached the Unmodified Opinion of the Auditor's on the Audited Financial Results (Standalone and Consolidated) of the Company for the Financial Year ended 31.03.2026
Pursuant to Regulation 33, Regulation 52 and Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 (Listing Regulations), as amended from time to time, we hereby inform the Exchange that the Board of Directors of the Company at its meeting held on 12th May, 2026 has, inter alia, transacted the following businesses: 1. Approval of Financial Results : The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March, 2026. 2. Approval of the Audited Financial Statement: 3. Re-Appointment of Internal Auditor: 4. Proposal for submission of names of Mr. Puneet Singhania (DIN: 01551462) and Mr. Jashanjyot Singh Arora (DIN: 02378633) for being appointed as Additional Director 5. To Defer the Business of sponsoring/setting up of Mutual Funds by Master Capital Services Limited (Wholly Owned Subsidiary Company) 6. Other routine businesses with the permission of chair.
Receipt of Listing Approval of 30,000 Non-Convertible Debentures (NCDs) on Debt Segment from NSE vide NSE letter dated 07.05.2026 bearing ref. no. NSE/LIST/10553 by wholly owned subsidiary of the company i.e. Master Capital Services Limited1
Audited Financial Results for the Quarter and Year ended 31.03.2026
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 4.18 | 5.34 | 4.25 | 7.23 | 5.02 | 4.93 | 5.06 | 5.01 | 4.94 | 6.16 | 9.75 | 8.30 |
| YOY Revenue Growth % | 58.94% | 81.63% | 40.73% | 218.5% | 20.1% | -7.68% | 19.06% | -30.71% | -1.59% | 24.95% | 92.69% | 65.67% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Income | 4.18 | 5.34 | 4.25 | 7.23 | 5.02 | 4.93 | 5.06 | 5.01 | 4.94 | 6.16 | 9.75 | 8.30 |
| Total Expenses + | 2.07 | 3.38 | 2.75 | 4.39 | 2.57 | 2.35 | 2.62 | 2.33 | 2.28 | 1.66 | 2.70 | 2.72 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 0.24 | 0.23 | 0.27 | 0.26 | 0.23 | 0.25 | 0.29 | 0.25 | 0.26 | 0.27 | 0.26 | 0.25 |
| Other Expenses | 0.09 | 0.04 | 0.06 | 0.11 | 0.09 | 0.04 | 0.22 | 0.06 | 0.15 | 0.09 | 0.13 | 0.25 |
| Operating Profit | 2.11 | 1.96 | 1.50 | 2.84 | 2.45 | 2.58 | 2.44 | 2.68 | 2.66 | 4.50 | 7.05 | 5.58 |
| OPM % | 50.5% | 36.7% | 35.3% | 39.3% | 48.8% | 52.3% | 48.2% | 53.5% | 53.8% | 73.1% | 72.3% | 67.2% |
| Profit Before Tax + | 2.11 | 1.96 | 1.50 | 2.84 | 2.45 | 2.58 | 2.44 | 2.68 | 2.66 | 4.50 | 7.05 | 5.58 |
| Tax Expense | 0.00 | 0.00 | 0.04 | 0.07 | 0.01 | 0.08 | 0.33 | 2.47 | 0.66 | 1.67 | 3.80 | 1.43 |
| Tax % | 0% | 0% | 2.7% | 2.5% | 0.4% | 3.1% | 13.5% | 92.2% | 24.8% | 37.1% | 53.9% | 25.6% |
| Profit After Tax | 2.11 | 1.96 | 1.46 | 2.77 | 2.44 | 2.50 | 2.11 | 0.21 | 2.00 | 2.83 | 3.25 | 4.15 |
| EPS (Basic) | 1.00 | 0.90 | 0.70 | 1.30 | 1.10 | 0.20 | 0.20 | 0.10 | 0.20 | 0.20 | 0.30 | 0.30 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 20.02 | 21.00 | 10.86 | 11.78 | 13.95 | 7.70 |
| YOY Revenue Growth % | -4.67% | 93.37% | -7.81% | -15.56% | 81.17% | - |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Income | 20.02 | 21.00 | 10.86 | 11.78 | 13.95 | 7.70 |
| Total Expenses + | 9.87 | 12.59 | 6.13 | 6.19 | 12.09 | 6.76 |
| Employee Benefit Expense | 1.02 | 1.00 | 1.01 | 0.98 | 0.97 | 1.08 |
| Other Expenses | 0.41 | 0.30 | 1.02 | 1.39 | 8.26 | 0.33 |
| Operating Profit | 10.15 | 8.41 | 4.73 | 5.59 | 1.86 | 0.94 |
| OPM % | 50.7% | 40% | 43.6% | 47.5% | 13.3% | 12.2% |
| Profit Before Exceptional | 10.15 | 8.41 | 4.73 | 5.59 | 1.86 | 0.94 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 10.15 | 8.41 | 4.73 | 5.59 | 1.86 | 0.94 |
| Tax Expense | 2.89 | 0.11 | -0.95 | 0.01 | 0.17 | 0.13 |
| Tax % | 28.5% | 1.3% | -20.1% | 0.2% | 9.1% | 13.8% |
| Profit After Tax | 7.26 | 8.30 | 5.68 | 5.58 | 1.69 | 0.81 |
| EPS (Basic) | 0.70 | 3.80 | 2.60 | 2.60 | 0.80 | 0.40 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.16 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 | 0.94 | 0.00 | 0.00 |
| Current Assets + | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 3.81 | 7.75 | 8.45 | 9.67 | 1.32 | 4.95 |
| Trade Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and Cash Equivalents | 0.01 | 0.01 | 0.03 | 0.01 | 2.05 | 2.32 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 0.00 | 414.27 | 304.81 | 252.32 | 218.65 | 183.80 |
| Equity Share Capital | 11.27 | 10.92 | 10.92 | 10.92 | 10.92 | 10.92 |
| Other Equity | 554.34 | 403.35 | 293.89 | 241.40 | 207.73 | 172.88 |
| Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 86.57 | 83.59 | 95.30 | 67.18 | 73.91 | 72.03 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | -22.18 | 1.04 | 22.76 | -31.18 | -1.35 | 0.00 |
| Cash from Investing Activities | 3.81 | -26.00 | -22.74 | 31.14 | 1.34 | 0.00 |
| Cash from Financing Activities | 18.37 | 24.94 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 0.00 | -0.02 | 0.02 | -0.04 | -0.01 | 0.00 |