MAS Financial Services Limited to inform that the meeting of the Finance Committee ("Finance Committee") of the Board of Directors of the Company was held January 16, 2024, and the Finance Committee has, inter-alia, approved and allotted 10,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures denominated in Indian Rupees, each having a face value of INR 1,00,000 and an aggregate face value of INR 100,00,00,000 on a private placement basis. Name of Investor: Satya Microcapital Limited. Tenure of the Instrument - date of allotment and date of maturity: Date of Allotment: January 16, 2024, Date of Maturity: July 16, 2025, Tenure: 18 (eighteen) months. Interest rate: 8.60% per annum, payable monthly. Interest payment dates: The interest/coupon is payable by the Company on the 16 day of each calendar month commencing from
February 16, 2024 until the Final Redemption Date. Principal payment date: The principal amounts are payable by the Company on the Final Redemption Date. Additional interest at 2% per annum over the Interest Rate in respect of the Debentures on the outstanding principal amounts from the date of the occurrence of a Payment Default until such Payment Default is cured or the the Debentures are fully redeemed by the Company.