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MAS Financial Services Limited — Proxy Solicitation & Information Statement 2024
Jan 18, 2024
61101_rns_2024-01-18_bca6c708-e6b0-4d75-86c1-ff72ae542188.pdf
Proxy Solicitation & Information Statement
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| MFSL/SEC/EQ/2024/13 | January 18, 2024 |
|---|---|
| To, | To, |
| The Manager, | General Manager |
| BSE Limited | National Stock Exchange of India Limited |
| Phiroze Jeejeebhoy Towers | Exchange Plaza |
| Dalal Street | Plot No. C/1, G Block |
| Mumbai – 400001 | Bandra-Kurla Complex, Bandra (East) |
| Mumbai – 400051 | |
| Scrip Code:540749, 947381 | Trading Symbol:MASFIN |
Dear Sir,
Sub.: Newspaper Advertisement – Notice of Extra-Ordinary General Meeting, Remote E-voting information and Record Date.
Pursuant to Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has given Newspaper Advertisement in One (1) English - FREE PRESS GUJARAT and One (1) Regional Language Newspaper - Gujarati - LOKMITRA on January 18, 2024 in respect of Notice of Extra-Ordinary General Meeting of the Company alongwith the details of E-voting, Record date etc., made to the shareholders. The same has been made available on the Company's website i.e. https://mas.co.in/pdf/notice-of-egm17012024035450.pdf
Kindly take the same on your record.
Thanking you, Yours faithfully,
FOR, MAS FINANCIAL SERVICES LIMITED
Bhayani Riddhi Bhaveshbhai Digitally signed by Bhayani Riddhi BhaveshbhaiDN: cn=Bhayani Riddhi Bhaveshbhai c=IN o=PersonalReason: I am the author of this documentLocation: Date: 2024-01-18 11:27+05:30
RIDDHI BHAVESHBHAI BHAYANI (COMPANY SECRETARY & COMPLIANCE OFFICER) MEMBERSHIP NO.: A41206
Encl.: As above
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Thursday January 18, 2024
Awami League fought Awami League in Bangladesh & won. Hasina should worry about an Arab Spring
Glimpses of the Zone
The Zone is normally quiet. It's only when you return from visiting a metropolis do you realise how quiet it is. When you enter the Zone, vast fields stretch away on both sides of the main road — the ‘Expressway’ — that runs like a spine through the entire length of the territory. Soon, the factories begin to appear, escorting the road for a bit, one after the other. Every now and then, there are roundabouts, with roads branching out to the sides leading to other factories and housing complexes. The plant buildings are all modern, most of them spanking new, as though the things being produced inside leave no marks on anything, as though the products float through the sheds accruing components and make themselves, before lining up in orderly rows outside the buildings to wait for the big transport trucks to take them away. The low, sprawling buildings are adorned by names, both wellknown international brands and obscure, serious-sounding ones, automobiles, air-conditioners, electrical parts, biscuits, engineering equipment, all make their presence felt with lowprofile, unshowy authority; there are no neon signs and no billboards — everything that needs to be sold has already been sold elsewhere, a lot of it even before it is manufactured, and there is no need for any noise, aural or visual. The industry stands in single factory islands and clusters, surrounded by fields and water bodies. Cows wander the scrubland, goats eat grass, cranes put white punctuation marks on sheets of water, other birds flit between the trees, and if you switch off your engine you can hear many different bird calls. Here and there you see a few farmers tending crops but most of the land is uncultivated, waiting for yet another factory to sprout. A few kilometres to the east of the Zone, at the edge of the sea, space rockets blast off from time to time, terrifying the birdlife settled on the big coastal lake, perhaps messing up the avian radar for days. In the Zone, there is no temple. You take the bus, or the scooter, or one of the company’s people carriers to your daily shrine and you pray all day to the levers and buttons you are being paid to operate. At the end of the day, you go back home, to your local village, to the small flat in the tiny highway town which you share with two others, to your anonymous hotel room with its TV screen or to the manager-level room reserved for you in the 3-star resort in the middle of nowhere, and you enjoy, briefly, the fruits of your daily prayer: you eat, you watch TV, you call your family who live far away, you try and sleep. The next morning, you are back to doing the repetitive aarti with your computer mouse, the looped puja with the gear levers of your forklift. You understand that in the Zone there can be no other temple to compete with that to which you must actually pray — the efficiently running production line.
On Sunday, democracy in political leanings. There will be back to its East Pakistan orifor jokes in Dhaka’s political Bangladesh behaved someanarchy if Hasina does not gin story. circles, where they labelled what like Schrödinger’s cat – come back,” the 61-year-old But the “if not Hasina, Hass a de facto candidate in dead and alive at the same editor of Blitz magazine, Salah who?” dilemma has given unthe elections. time. Perhaps a split-second Uddin Shoaib Choudhury, told challenged power to the prime Whatever America’s game image and the ticker that ran ThePrint a day before the minister for 15 years. There plan may be about Banglabelow it on a local TV channel counting of votes. And herein have been serious allegations desh, an opposition-mukt poexemplified this best. While lies the rub. by civil society and local and litical space will only make the TV screen showed a deThe problem with international rights bodies of things difficult for Hasina goserted primary school douChoudhury’s argument – and suppression of free speech, ing forward. There are rubling as a polling booth, the he is not the only one in Dhaka crackdown on opposition parmours in Dhaka’s political cirticker said people were commaking it –is that Sunday’s ties and widespread corrupcles that the US will impose ing out to vote in large numelection was reduced to altion. “The BNP has accused sanctions on Bangladesh’s bers for the 12th national most a farce designed to bring Prime Minister Sheikh Hasina’s garment exports and disrupt elections in Bangladesh. Hasina back to power. The government of a major crackthe country’s growth story. Maybe it was an oversight, principal opposition party, the as independents, they did not ladesh’s growth story – which down targeting its supporters America apart, the very sense or the person in charge of the Bangladesh Nationalist Party leave Awami League. Moreois true to a large extent. With and opposition politicians on that national elections in Bangticker had a wicked sense of (BNP) boycotted the polls. The ver, there is always the possiimpressive GDP numbers, what they say are trumpedladesh are now fought behumour, but the mood of the party had argued that free and bility of them coming back into state-of-the-art infrastructure up charges in the lead-up to tween Awami League and nation in the run-up to the fair elections in the country the party fold post-election. projects and welfare the polls. They claimed that Awami League may eventually elections was also divided. cannot be held under the cur“In a never-before-seen schemes, she has promised over 20,000 of their members take Bangladeshi society to a Depending on who you asked, rent government and that tactic, the Awami League also her citizens a smart Banglahave been jailed in recent breakpoint. Bangladeshis were either conHasina should step down beinstructed its grassroots to desh that is technologically, months,” the Associated Press “In case the USA is not tent with the outcome of Sunfore polls and let a caretaker support aspirants from other societally and infrastructurally reported. Even if the figure satisfied with the results of the day’s results or dejected even government conduct the eleclittle-known parties that were better. Hasina should also be cannot be fact-checked, this is people’s vote, attempts to furbefore they came out. Both tions. Hasina rejected the offormed recently, allegedly with rightfully credited for creating hardly a tenable situation. ther destabilise the situation sets had no doubt Sheikh fer. The largest Islamist party, government blessings. The a Bangladesh where minoriThe United States came in Bangladesh along the lines Hasina would be back as the the Bangladesh Jamaat-eAwami League also formed ties feel safer than they did down strongly on the Hasina of the Arab Spring are likely,” prime minister. Islami, was barred by the dedicated teams across the during the BNP-Jamaat rule. administration in the lead-up Andrei Shutov, member of the When the Chief Election courts from participating in the country to bring as many votMemories of the atrocities to the elections, imposing Russian Central Election ComCommissioner of Bangladesh, elections. With the BNP and ers as possible to the polling that Hindus bore during the sanctions on anyone they felt mission and observer for Kazi Habibul Awal, announced Jamaat out of the electoral centres to ensure high turnBNP-Jamaat tenure in 2001 hindered the process of free Bangladesh polls, told on Sunday evening that the fray, there was no real oppoout in efforts to garner interare still fresh in the minds of and fair polls. US AmbassaThePrint over phone from average voter turnout across sition left for Hasina’s Awami national support,” The Daily Bangladesh’s minorities. With dor to Bangladesh, Peter D Dhaka. the country was around 40 per League. Star wrote. the Jamaat openly advocating Hass, met opposition leaders, It may not be in Hasina’s cent, there was a willing susMost of the independent So, in a way, this election for Sharia law in the country, visited the election commisimmediate political interests to pension of disbelief among candidates, totalling 437 in was about the Awami League the electorate indeed has litsion office time and again and make space for a viable opBangladeshis who wanted number, were Awami League fighting the Awami League. tle option but to turn to Hasina. imposed sanctions on politiposition in the country, but an Hasina back. “Most people in leaders who were denied And Awami League won. The BNP and Jamaat challenge cians and members of the Arab Spring engineered by Bangladesh have become nomination by the party. InterHasina backers will say that the very idea of a secular Bangarmed forces. The extreme external forces should defiradicals, irrespective of their estingly, even as they fought the PM has fast-tracked Bangladesh and threaten to take it interference became fodder nitely worry her.
India must use dialogue to solve border conflict with China. Military solution not viable
There is a temple just outside the Zone — you can see it in the distance, poking over the tree line, a fantastical spaceage replica of some exotic Far Pavilion as imagined by the cover designer of a best-selling popular novel, shallow stalactites of white poking into the dirty, light blue sky. So near yet actually quite far, so near yet actually not accessible to just anyone, just over there, but only open to members of the Swami's cult. Inside the Zone, there are other exclusive spaces, restaurants serving exotic food of the countries from where the top foreign executives come. Some are closed clubs, others are multi-cuisine and customer-agnostic, where people of all races can mix. There are very few restaurants at the moment but more will come up shortly.
Boundaries can refer to the
come. For any settlement to Boundaries can refer to the nised by international law and not a border issue. Negotiation succeed, it must be a win-win lines that define the extent of agreements, and violation of is a common method for setsolution for all stakeholders. Of a property, a legal jurisdiction, recognised international bortling international disputes, inall the threats that India faces, or a designated area. Additionders is generally not acceptcluding border disputes. Artithe settlement of the boundally, boundaries can be intanable in a rules-based order. Escle 33 of the UN Charter exary dispute with China over the gible, representing limits in sosentially, a border demarcates plicitly lists negotiation as one Tibet–India border is the most cial, psychological, or ethical the division between two disof the mechanisms available pressing. The terms boundary contexts, and establish the patinct entities. Therefore, with to states for the peaceful and border are often used inrameters within which somethe Tibet region of China, Inresolution of their international terchangeably, but they have thing operates or exists. On the dia has a boundary issue and disputes. distinct meanings. A boundary other hand, a border typically is a conceptual line that outrefers to a geopolitical line, delines the extent or limits of a marcating the limits of a counspecific area, like a border. try or state. It is usually recog-
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Iran’s terror bombings show Middle East is on edge. We don’t have infinite time for dialogue
The world is embroiled in other party. To build that adEven as gun battles raged experts remind us, large seemingly intractable convantage, one must prepare outside their chamber, punctuswathes of Africa. Together flicts: the civil war in Myanmar thoroughly, by in-depth reated by the occasional shot from with the Tehreek-e-Taliban Pain its third year; the Ukraine search into the other party’s snipers stationed across the kistan, the Islamic State War close to entering its third interests, goals, and priorities, road, Iran’s members of Parliaclaimed almost a thousand lives year; and the Israeli operaand identify one’s own ment seemed defiantly cheerful. in Pakistan last year. Islamic tions in Gaza, ongoing for strengths and weaknesses. Some posted selfies, while othState attacks dropped sharply three months. If there is one Equally important is to estabers waved to television cameras in 2023, but the group has also thread that is common to all, lish trust and rapport with the as they waited for rescue. Five engaged in significant territorial it is that there seems to be no other party by listening acIslamic State jihadists, reported expansion, demonstrating it still end in sight. tively, not being ego-driven to have been dressed in womhas resources. India has always preferred and showing empathy. To be en’s clothes, had stormed the Israel’s attacks on Iranian to resolve disputes through successful, one must focus on building, taking 18 lives. Up the logistics bases, conducted after dialogue and discussion. interests, not positions, and road, suicide bombers tried to the Gaza war broke out, are Sometimes this is taken as a identify the underlying interobliterate the mausoleum of the intended to cut off supplies to weakness, but in recent years, ests of both parties and look patriarch of Iran’s Islamic revoHezbollah’s arsenal in Lebanon. India has firmly demonstrated for ways to create value for lution, Ayatollah Ruhollah They also weaken the militaries its resolve to respond approboth sides. In doing so, one Khomeini. Last week’s murderprimarily confronting the Islamic priately to various provocaalso needs to be creative by ous bombings in Kerman, which State. tions. When to negotiate and exploring different options and claimed nearly a hundred lives, This imbalance could have when to fight will always realternatives and be willing to targeted mourners gathered to profound consequences for the main the subject of debate. think outside the box. commemorate the killing of primal conflict in the Middle Negotiations are generally Last but not least, one must General Qasem Soleimani, asEast, which drove the rise and considered a better approach be willing to walk away if the sassinated by a United States growth of the Islamic State. than fighting. However, there other party is not negotiating drone in 2020. The architect of Fawaz A Gerges, an internaare situations where fighting in good faith or if the terms bea long-running campaign to tional relations expert who has may be necessary—especially ing offered are not favourable. push back the influence of the studied the birth of the Islamic when one is in immediate danNegotiation is a process, and US and its ally, Saudi Arabia, in State, notes that the birth of ger and there is no other way it requires patience, persistthe region, General Soleimani the jihadist organisation cento protect oneself or others. ence, and flexibility. Negotiatwas also a central figure in the tred around Shia-Sunni and Fighting could also be necesing from a position of strength defeat of the Islamic State, and Arab-Persian identity fractures sary when the other party is does not mean that one has to its so-called caliphate. For years, in the Middle East. “At the benot willing to negotiate or is be aggressive or confrontathe Islamic Republic has also ginning of hostilities in Syria acting in bad faith, and one has tional. Instead, it means that been waging a grim war in its and Iraq,” he observes, “alno other way to achieve one’s one is well-prepared, confiheartland against the Islamic Nusra and ISIS obtained funds, goals. However, it is important dent, and focused on achievState. In 2018, the Islamic State arms, and a religious cover to remember that fighting ing a mutually beneficial outattacked a military parade in from neighbouring Sunni should always be the last reAhvaz, killing at least 29 peostates, precious social and sort and used only when all ple. The Islamic State also material capital that proved other options have been exraided the Shia shrine of Shah decisive.” The first so-called hausted. During the inter-war Cheragh in Shiraz in both 2022 caliph of the Islamic State, years, faced with a rising Gerand 2023. As counterterrorism Ibrahim Awad Ibrahim Ali almany and Italy in Europe and expert Chris Zambelis has Badri—also known by the pseuJapan in the Pacific, the Euronoted, “The tactical, operadonym Abu Bakr al-Baghdadi— pean powers and the US tional, and logistical elements in his early speeches legitimade several concessions on associated with the attacks are mised his group as a guardian different fronts, including suggestive of the presence of a of the Sunni interest, Gerges turning a blind eye to treaty relatively sophisticated militant observes. Although global atviolations, to appease the network in Iran.”Even though tention was largely focused on three Axis powers in a bid to the world’s largely forgotten the jihadist groups in Iraq, at least avert war. However, this policy savage conflict waged by the five organisations inside Iran of appeasement only emboldIslamic State after the collapse were receptive to Baghdadi’s ened these countries, drawof the caliphate, the war conmessage: the Harakat-eing the world inexorably into tinues—pitting its jihadists Ansar-e-Iran-Harakat-e-Islami World War 2. This only underagainst governments in AfSistan, Wilayat Khorasan Iran, scores the point that negotiaghanistan, Pakistan, Iran, Iraq, West Azerbaijan Islamic Movetions must be carried out from Syria and, as regional security ment, and the Jaish al-Adl Iran. a position of strength, with a clear vision of the desired outcomes.
MEHTA INTEGRATED FINANCE LIMITED
MAS FINANCIAL SERVICES LIMITED
CIN: L65910GJ1985PLC007692
CIN: L65910GJ1995PLC026064 Registered Office: 6, Ground Floor, Narayan Chambers, B/h Patang Hotel, Ashram Road, Ahmedabad - 380 009 Phone: +91 79 4110 6638 | Email: [email protected] | Website: www.mas.co.in
Regd. Off.: 3, Law Garden Apt. Scheme-1, Opp. Law Garden, Ellisbridge, Ahmedabad-380006 Phone No. 91-79-26561000 9377578519 website: www.mehtaintegratedfinance.com Email : [email protected]
NOTICE OF THE 1ST (2023-24) EXTRA-ORDINARY GENERAL MEETING Notice is hereby given that the Extra-Ordinary General Meeting ("EGM") No. 1/202324 of the Members of MAS Financial Services Limited will be held on Friday, February 9, 2024 at 11:30 A.M. through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") to transact the business, as set out in the Notice of the EGM. The Company has sent the EGM Notice on Wednesday, January 17, 2024, through electronic mode to all the Members whose e-mail IDs are registered with the Company's Registrar & Share Transfer Agent, M/s. Link lntime lndia Private Limited/ Depository Participant (s) in accordance with the Circular issued by the Ministry of Corporate Affairs vide Circular No. 14/2020 dated April 08, 2020, Circular No.17/2020 dated April 13, 2020 issued by the Ministry of Corporate Affairs followed by Circular No. 20/2020 dated May 05, 2020, Circular No. 22/2020 dated June 15, 2020, Circular No. 33/2020 dated September 28, 2020, Circular No. 39/2020 dated December 31, 2020, Circular No. 02/2021 dated January 13, 2021, Circular No. 10/2021 dated June 23, 2021 Circular No. 21/2021 dated December 14, 2021, Circular No. 02/2022 dated May 5, 2022 and General Circular No. 11/2022 dated December 28, 2022 and General Circular no. 09/2023 dated September 25, 2023 ("MCA Circulars") and Circular No. SEBI/HO/ CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 and Circular No. SEBI/HO/CFD/ CMD2/CIR/P/2021/11 dated January 15, 2021, Circular No. SEBI/HO/DDHS/ DDHS_Div2/P/CIR/2022/079 dated 3rd June, 2022 and SEBI/HO/CFD/PoD-2/P/ CIR/2023/4 dated January 5, 2023 and Circular No. SEBI/HO/CFD/CFD-PoD-2/P/ CIR/2023/167 dated October 07, 2023 issued by the Securities and Exchange Board of India (SEBI) ("Circulars"). The EGM Notice is also available on the website of the Company at www.mas.co.in, website of the stock Exchanges i.e. BSE Ltd. and National stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively and on the website of Central Depository Services (India) Limited (CDSL) at www.evotingindia.com. Notice is also hereby given that pursuant to the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Board of Directors of the Company has fixed the Record Date as February 22, 2024 for the purpose of identification of shareholders to whom Bonus Shares are to be paid. Pursuant to the provisions of Section 108 of the Act and Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, members are provided with the facility to cast their vote electronically through e-voting services provided by the CDSL on all resolutions as set forth in the EGM Notice. The voting rights of the members shall be in proportion to the equity shares held by them in the paid-up equity share capital of the Company as on Friday, February 2, 2024 ("cut-off date"). The remote e-voting period commences on Tuesday, February 6, 2024 at 09:00 A.M. and will end on Thursday, February 8, 2024 at 5.00 p.m. During this period, the Members may cast their vote electronically. The remote e-voting module shall be disabled by CDSL thereafter. Those Members, who shall be present in the EGM through VC/OVAM facility and had not cast their votes on the Resolutions through remote e-voting and are otherwise not barred from doing so, shall be eligible to vote through e-voting system during the EGM. The members who have cast their votes by remote e-voting prior to the EGM may also attend/participate in the EGM through VC/OAVM but shall not be entitled to cast their votes again. The manner of remote e-voting and voting at the EGM by members holding shares in dematerialized mode, physical mode and process to register e-mail addresses for members who have not registered their email addresses is provided in the Notice of the EGM. Any person, who acquires shares of the Company and becomes a Member of the Company after the Notice has been sent electronically by the Company and holds shares as on the cut-off date; may obtain the log in ID and password by sending a request to helpdesk [email protected]. However, if he/she is already registered with CDSL for remote e-voting, then he/she can use his/her existing User ID and password for casting the votes. In case Member(s) have not registered their e-mail addresses with the Company/ Depository, please follow the below instructions to register e-mail address for obtaining Notice of EGM and login details for e-voting - a. For members holding shares in Physical mode - please provide necessary details like Folio No., Name of shareholder by e-mail to [email protected]. b. Members holding shares in Demat mode can get their E-mail ID registered by contacting their respective Depository Participant or by e-mail to [email protected]. In case you have any queries pertaining to e-voting, members may refer Frequently Asked Questions (FAQs) and e-voting manual available at www.evotingindia.com, under help section or write e-mail to [email protected] or contact Mr. Rakesh Dalvi, Authorised Representative, Central Depository Services (India) Limited, A Wing, 25th Floor, Marathon Futurex, Mafatlal Mill Compounds, N M Joshi Marg, Lower Parel (East), Mumbai - 400013 or call 1800225533. For, MAS FINANCIAL SERVICES LIMITED SD/Place : Ahmedabad Riddhi Bhayani Company Secretary & Chief Compliance Officer Date : January 17, 2024 Mem. No. A41206
NOTICE In terms of Regulation 29(1) read with Regulation 47 of SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015, it is hereby notified that meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 25th January, 2024 inter alia to consider and approve the Unaudited Financial Results for the Quarter and Nine Months ended on 31st December, 2023 and to conduct any other business if any. The said notice may be accessed on the Company's website : www.mehtaintegratedfinance.com and may also be accessed on the website of Stock Exchange at www.bseindia.com.
For Mehta Integrated Finance Limited Sd/Place: Ahmedabad Kamleshbhai P. Patel Date: 17.01.2024 Company Secretary
MEHTA SECURITIES LIMITED CIN: L67120GJ1994PLC022740 Regd. Off.: 2, Law Garden Apt. Scheme-1, Opp. Law Garden, Ellisbridge, Ahmedabad-380006 Phone No. 91-79-26561000, 9377578519 website: www.mehtasecurities.com Email : [email protected]
NOTICE
In terms of Regulation 29(1) read with Regulation 47 of SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015, it is hereby notified that meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 25th January, 2024 inter alia to consider and approve the Unaudited Financial Results for the Quarter and Nine Months ended on 31st December, 2023 and to conduct any other business if any. The said notice may be accessed on the Company's website : www.mehtasecurities.com and may also be accessed on the website of Stock Exchange at www.bseindia.com.
For Mehta Securities Limited Sd/Place: Ahmedabad Mahesh Motivaras Date: 17-01-2024 Company Secretary
Negotiating from a position of strength means that one has an advantage over the