The Board of Directors of MAS Financial Services Limited in its Meeting held on November 6, 2019 has approved appointment of Mrs. Darshana Pandya as Chief Executive Officer ("CEO") of the Company, as being promoted to Director & CEO; approved appointment of Mr. Ankit Jain as Chief Financial Officer, being promoted from Vice President - Finance to Chief Financial Officer of the Company, as per recommendation & approval of the Audit Committee and assessment of the Nomination & Remuneration Committee of the Company; approved the appointment of Mr. Nishant Jain as Chief Risk Officer ("CRO") of the Company.

The board also declared interim dividend of INR 2.00 per equity share (20%) of the face value of INR 10. Fixed the record date for Interim Dividend as November 22, 2019 and payment date as 26 November 2019.