MAS Financial raises stake in insurance broking arm

MAS Financial Services Limited has acquired additional equity shares in MASFin Insurance Broking Private Limited, its subsidiary, investing INR 35,00,000. This acquisition, completed on August 29, 2025, was made through a rights issue and is in compliance with SEBI Regulations, 2015, and the Companies Act, 2013. The transaction, classified as a related party transaction, was approved by the Audit Committee and Board of Directors on July 23, 2025.

Post-acquisition, MAS Financial's shareholding in MASFin Insurance Broking Private Limited has increased from 69% (3,45,000 shares) to 69.50% (6,95,000 shares). MASFin Insurance Broking, incorporated on August 5, 2022, is planning to operate as an insurance broking company and is in the process of obtaining a license from the IRDAI to meet minimum capital requirements under IRDAI (Insurance Brokers) Regulations, 2018. The company reported a net loss of (INR 23.601 Lakhs) as of March 31, 2025, and has had no turnover in the last three fiscal years (2022-23 to 2024-25).