MAS Financial Services Ltd.

Shareholders holding 1% or more · latest filing Sep 2026

Ownership split · Sep 2026

Share of total equity by holder type, with change since Jun 2026.

Promoters 66.66% 0.01 pp
FII / FPI 2.67% 1.01 pp
DII 19.99% 0.3 pp
Retail & others 10.68% 0.71 pp
Non-public / other 0% 0
Holder typeDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters66.63%66.63%66.63%66.63%66.63%66.65%66.65%66.66%
FII / FPI3.01%3.12%3.06%3.18%3.13%3.46%3.68%2.67%
DII20.02%20.13%19.99%20.16%20.24%20.04%19.69%19.99%
Retail & others10.34%10.12%10.32%10.03%10%9.85%9.97%10.68%
Non-public / other0%0%0%0%0%0%0%0%

Major shareholders

27 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.

Holder Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 Change (QoQ)
Kamlesh Chimanlal Gandhi Promoter 10.48%1.90 10.48%1.90 10.48%1.90 37.19%6.75 37.19%6.75 37.22%6.75 37.22%6.75 37.22%6.75 0
Shweta Kamlesh Gandhi Promoter 27.01%4.90 27.01%4.90 27.01%4.90 27.01%4.90 27.01%4.90 27.01%4.90 27.01%4.90 27.01%4.90 0
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Institution 4.27%0.77 5.29%0.96 6.58%1.19 7.68%1.39 7.81%1.42 8.03%1.46 8.23%1.49 8.31%1.51 0.08 pp
Business Excellence Trust Iii - India Business Excellence Fund Iii Institution 6.69%1.21 6.69%1.21 6.69%1.21 5.58%1.01 5.58%1.01 4.6%0.84 4.19%0.76 4.19%0.76 0
Bandhan Value Fund Institution – – 3.91%0.71 3.85%0.70 3.92%0.71 3.94%0.72 3.83%0.70 3.47%0.63 0.36 pp
Isif Equity Ex-Top 100 Long-Short Fund Institution New – – – – – – – 2.22%0.40 –
Prarthana Marketing Private Limited Promoter 2.18%0.40 2.18%0.40 2.18%0.40 2.18%0.40 2.18%0.40 2.18%0.40 2.18%0.40 2.18%0.40 0
Bavaria Industries Group Ag Institution 1.2%0.22 1.33%0.24 1.33%0.24 1.33%0.24 1.39%0.25 1.7%0.31 1.72%0.31 1.77%0.32 0.05 pp
M3 Investment Private Limited Public New – – – – – – – 1.42%0.26 –
Anamaya Capital Llp Promoter 0.17%0.03 0.17%0.03 0.17%0.03 0.17%0.03 0.17%0.03 0.17%0.03 0.17%0.03 0.17%0.03 0
LLP Public 0.03%0.01 0.03%0.01 0.04%0.01 0.05%0.01 0.06%0.01 0.06%0.01 0.06%0.01 0.08%0.01 0.02 pp
Dhvanil K Gandhi Promoter 0.06%0.01 0.06%0.01 0.06%0.01 0.06%0.01 0.06%0.01 0.06%0.01 0.06%0.01 0.06%0.01 0
Dhriti Kamlesh Gandhi Promoter 0.02%0.00 0.02%0.00 0.02%0.00 0.02%0.00 0.02%0.00 0.02%0.00 0.02%0.00 0.02%0.00 0
Investor Education and Protection Fund (IEPF) Public – 0%0.00 0%0.00 – 0%0.00 0%0.00 0%0.00 0%0.00 0
Prarthana M Gandhi Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Meena Yogeshbhai Shah Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Saryuben Mahendra Kumar Doshi Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Pooja Gandhi Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Pravinbhai L. Shah Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Jaybhai Shah Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Dimple Vora Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Estate of Mukesh Chimanlal Gandhi Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
MAS Rural Housing & Mortgage Finance Limited Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
MASfin Insurance Broking Private Limited Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Swalamb Mass Financial Services Limited Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Dhi Advisors Private Limited Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Urmilaben Chimanlal Gandhi Foundation Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Rasikbhai Parekh Promoter Exited / below 1% – – – 0%0 0%0 – – – –
Milan Parekh Promoter Exited / below 1% – – – 0%0 0%0 – – – –
Shilpa Shah Promoter Exited / below 1% – – – 0%0 0%0 – – – –
Late Mukesh Chimanlal Gandhi Promoter Exited / below 1% 26.71%4.85 26.71%4.85 26.71%4.85 – – – – – –
Bandhan Sterling Value Fund Institution Exited / below 1% 3.82%0.69 3.9%0.71 – – – – – – –
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Institution Exited / below 1% 2.98%0.54 2.01%0.36 – – – – – – –

Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.

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