MAS Financial Services has invested funds amounting to Rs 15 crore in MAS Rural Housing & Mortgage Finance (MRHMFL), the subsidiary company. The said Investment will be in compliance of section 179(3)(e) and all other applicable provisions of Companies Act, 2013 and various necessary approvals.
Currently, MRHMFL has sufficient capital adequacy and liquidity to meet the existing liabilities. However, to meet general business requirements addressing Working Capital needs as well as expansion of Business activities, this Capital Infusion will be of great support to manage the liquidity position and for smooth operations. The said investment is pursuant to the resolution passed by the Finance Committee of MRHMFL for allotment of Equity Shares on March 22, 2025.
MAS Financial Services is engaged in the business of providing Micro Enterprise loans (MEL), Small and Medium Enterprise loans (SME), Two Wheeler loans (TW), Commercial Vehicle loans (CV) and loans to NBFCs - to create the underlying assets of MEL, SME, TW and CV.
