Master Trust board approves reports, ESOP plan, related party deals

Master Trust Limited's board of directors, meeting on August 30, 2025, approved the board report, secretarial audit report, and the secretarial audit report for its material subsidiary, Master Capital Services Limited, all for the financial year ended March 31, 2025. The board also noted the re-appointment of Gurmeet Singh Chawla as a director, subject to shareholder approval at the upcoming 40th annual general meeting (AGM).

The board greenlit the "Master Trust Limited Employee Stock Option Plan 2025" and will grant options to eligible employees of both the company and its subsidiaries, pending shareholder approval at the 40th AGM. The 40th AGM is scheduled for Tuesday, September 30, 2025, at 4:00 P.M. The register of members and share transfer register will be closed from September 25, 2025, to September 30, 2025, for the purpose of book closure.

Additionally, the board approved entering into contracts and/or agreements with related parties for FY 2025-2026, subject to shareholder approval. This includes material related party transactions with Master Capital Services Limited, not to exceed INR 1000 crore, ensuring an arm's length basis and the ordinary course of business.