Master Trust Limited Grants 9,45,200 Stock Options to Eligible Employees Under ESOP 2025

Master Trust Limited has announced the grant of 9,45,200 stock options to eligible employees under its 'Master Trust Limited Employee Stock Option Plan 2025' (ESOP 2025). The Nomination & Remuneration Committee (NRC) of the Board of Directors approved the grant at its committee meeting held on 16th May, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the ESOP 2025 Grant

The grant has been made in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option is convertible into one fully paid-up equity share carrying a face value of INR 1/- each. The following table summarises the key parameters of the grant:

Parameter: Details Number of Options Granted: 9,45,200 Plan Name: Master Trust Limited Employee Stock Option Plan 2025 (ESOP 2025) Face Value per Share: INR 1/- Exercise Price: Discounted price at not exceeding 20% discount to prevailing market price (closing price on the Stock Exchange having the highest trading volume) one day prior to the date of grant Vesting Period: Minimum 1 year; maximum 4 years from the date of grant Exercise Period: Maximum 4 years from the date of respective vesting of options Lock-in after Vesting: None, except as required by applicable law Plan Administrator: Nomination and Remuneration Committee (NRC)

Vesting Schedule

The options will vest over a period of 4 years from the grant date, with 25% vesting annually, subject to continued employment and satisfaction of performance conditions as set forth in the grant letter. The vesting schedule is as follows:

End of 1st year from the grant date — 25% of options granted

End of 2nd year from the grant date — 25% of options granted

End of 3rd year from the grant date — 25% of options granted

End of 4th year from the grant date — 25% of options granted

Significant Terms and Conditions

The ESOP 2025 plan is administered by the Nomination and Remuneration Committee. Grants are made based on eligibility criteria as defined under the plan. Equity shares allotted pursuant to the exercise of stock options will not be subject to any lock-in period after exercise, except as required by applicable law at the time. Employees may exercise all vested options at one time or at various points within the exercise period. All tax liabilities in relation to the options are to be borne by the employee.

Vesting is subject to the satisfaction of performance criteria and/or service conditions as determined by the NRC. The granted ESOPs will vest as per the vesting schedule cited in the individual grant letter of each employee, as approved by the NRC. The disclosure has been made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and December 31, 2024.

Master Trust Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, in its meeting held on May 12, 2026, approved the standalone and consolidated financial results. The statutory auditors, M/s Bhushan Aggarwal & Co., Chartered Accountants, issued an unmodified opinion on the financial results for the financial year ended March 31, 2026. In compliance with Regulation 47(1)(b) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted newspaper clippings published in Desh Sewak (Punjabi) and Business Standard (English) on May 14, 2026, regarding these results to the exchanges. The submission was signed by Company Secretary and Compliance Officer Vikas Gupta.

Consolidated Quarterly Financial Performance

For the quarter ended March 31, 2026, the company reported strong year-on-year growth. Total income rose 48.1% to Rs 1806.1 million from Rs 1219.8 million in the same period last year. Profit after tax (PAT) surged 46.9% to Rs 360.6 million from Rs 245.5 million, while profit before tax (PBT) grew 30.2% to Rs 487.3 million. EBITDA increased 21.1% to Rs 640.1 million. Basic earnings per share (EPS) stood at Rs 3.0, up from Rs 2.2 in the prior year period.

Particulars Quarter Ended Mar 31, 2026 (Rs Mn) Quarter Ended Mar 31, 2025 (Rs Mn) Y-O-Y % Total Income 1806.1 1219.8 +48.1% EBITDA 640.1 528.4 +21.1% Profit Before Tax 487.3 374.2 +30.2% Profit After Tax 360.6 245.5 +46.9% EPS-Basic* 3.0 2.2 +36.4%

*EPS is calculated on Face Value of Rs. 1 each per share.

On a sequential basis, total income grew 32.1% from Rs 1367.2 million in the quarter ended December 31, 2025. PAT increased 14.4% quarter-on-quarter from Rs 315.2 million, while PBT rose 9.2% from Rs 446.4 million. EBITDA grew 4.8% from Rs 610.5 million, and basic EPS improved to Rs 3.0 from Rs 2.7.

Standalone Financial Performance

For the quarter ended March 31, 2026, standalone total income stood at Rs 83.0 million, compared to Rs 50.1 million in the same period last year. Standalone PBT for the quarter was Rs 55.8 million, up from Rs 26.8 million in the prior year period. Standalone PAT for the quarter was Rs 41.5 million, up from Rs 2.1 million in the prior year. The following table presents the standalone financial summary for both the quarter and full year.

Particulars Quarter Ended Mar 31, 2026 (Rs Mn) Quarter Ended Mar 31, 2025 (Rs Mn) Year Ended Mar 31, 2026 (Rs Mn) Year Ended Mar 31, 2025 (Rs Mn) Total Income 83.0 50.1 291.5 200.2 Profit Before Tax 55.8 26.8 197.9 101.5 Profit After Tax 41.5 2.1 122.3 72.6 EPS-Basic (not annualised) ₹ 0.3 0.1 1.0 0.7 EPS-Diluted (not annualised) ₹ 0.3 0.1 1.0 0.6

Annual Financial Performance

For the full year ended March 31, 2026, total income stood at Rs 5758.5 million, a marginal decline of 1.4% from Rs 5839.4 million in the previous year. EBITDA for the year was Rs 2361.7 million, down 2.8% from Rs 2430.9 million. PBT declined 3.5% to Rs 1724.8 million, while PAT decreased 3.9% to Rs 1260.9 million. Annual basic EPS was reported at Rs 10.6 compared to Rs 11.8 in the preceding year.

Particulars Year Ended Mar 31, 2026 (Rs Mn) Year Ended Mar 31, 2025 (Rs Mn) Y-O-Y % Total Income 5758.5 5839.4 -1.4% EBITDA 2361.7 2430.9 -2.8% Profit Before Tax 1724.8 1787.2 -3.5% Profit After Tax 1260.9 1312.4 -3.9% EPS-Basic* 10.6 11.8 -10.2%

*EPS is calculated on Face Value of Rs. 1 each per share.

Board Decisions and Corporate Actions

The Board approved the re-appointment of M/s Romesh K. Aggarwal & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-2027. Additionally, the Board approved the proposal for the appointment of Mr. Puneet Singhania and Mr. Jashanjyot Singh Arora as Additional Directors, subject to receipt of prior approval from the Reserve Bank of India. The Board also decided to defer the business of sponsoring or setting up of mutual funds by its wholly-owned subsidiary, Master Capital Services Limited, for the time being, despite receiving in-principle approval from SEBI.

Auditor Declaration

In compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that the statutory auditors issued an unmodified opinion on the audited financial results for the financial year ended March 31, 2026. The declaration was signed by Chief Financial Officer Sunil Kumar and submitted to the exchanges.

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