The finance committee of the board of directors of MAS Financial Services Limited, in its meeting held on 17 September 2021 approved and allotted, on a private placement basis, Rated, Senior, Secured, Listed, Transferable, Redeemable, Principal Protected Market-linked Non-convertible debentures (Market- linked NCDs) of face value of INR 1,000,000, aggregating up to INR 1,000 million. The allotment of 1,000 Market-linked NCDs, was inclusive of a green shoe option comprising 500 Market-linked NCDs which was activated to retain over-subscription. The structuring of these market-linked NCDs will offer a coupon rate of: (a) 8.50%, if the Reference Index Performance is greater than 75%, and/or (b) 8.45%, if the Reference Index Performance is lesser than or equal to 75% but greater than 25%), and/or (c) 0%, if the Reference Index Performance is lesser than or equal to 25%. The Debentures shall be fully redeemed on a pari passu basis on the redemption date that is, September 18, 2023, by making the redemption payment.