Mask Investments Limited (MASKINVEST)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Mask Investments' revenue was ₹0.0 Cr (-25.3% year on year, -84.0% on the previous quarter), and net profit ₹-0.0 Cr (a smaller loss than a year earlier); the operating margin was -109.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -25.3% | -84.0% |
| Operating profit | ₹-0.0 | loss narrowed | to loss |
| Net profit | ₹-0.0 | loss narrowed | to loss |
| EPS (₹) | -0.08 | loss narrowed | to loss |
| Operating margin | -109.8% | — | — |
MASKINVEST delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the MASKINVEST shares traded on NSE were taken to delivery, against the stock's own 20-session average of 85.94%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 4 sessions in about the last 20.
Delivery in the last 5 sessions: 50.0% · 100.0% · 100.0% · 100.0% · 100.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Mask Investments Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the Registrar and Share Transfer Agent, Adroit Corporate Services Private Limited, on October 03, 2026. It confirms that securities received for dematerialisation were confirmed to depositories, and certificates were mutilated and cancelled within 15 days. This is a standard quarterly regulatory filing with no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Certificate issued by RTA Adroit Corporate Services Pvt. Ltd. dated October 03, 2026
- Confirmation that securities received for demat were verified, mutilated, and cancelled within 15 days
Mask Investments Limited submitted its Scrutinizer's Report for the 34th Annual General Meeting held on September 21, 2026. All three resolutions were passed with virtually 100% of valid votes in favour. The approvals included the adoption of FY26 audited standalone financial statements, the re-appointment of retiring director Mr. Naresh Sitaram Saboo, and the adoption of a new set of Memorandum of Association under the Companies Act 2013.
- Resolution 1 (FY26 Audited Accounts): Approved with 23,21,559 votes in favour (100.00%) and 1 vote against.
- Resolution 2 (Re-appointment of Director Naresh Sitaram Saboo): Approved with 23,21,522 votes in favour (100.00%) and 38 votes against.
- Resolution 3 (Adoption of new Memorandum of Association): Passed as a special resolution with 23,21,559 votes in favour (100.00%) and 1 vote against.
- Cut-off date for entitlement to vote was September 14, 2026.
Mask Investments Limited has announced the schedule for its 34th Annual General Meeting (AGM) to be held on Monday, September 21, 2026, at 11:00 a.m. IST at its registered office in Surat. The cut-off date to determine shareholder eligibility for e-voting is September 14, 2026. Remote e-voting will run from September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM). The register of members and share transfer books will remain closed from September 15, 2026 to September 21, 2026.
- 34th AGM scheduled for Monday, September 21, 2026 at 11:00 a.m. IST
- Share transfer book closure set from September 15, 2026 to September 21, 2026
- Cut-off date for e-voting eligibility is September 14, 2026
- Remote e-voting window open from September 18, 2026 (9:00 a.m.) to September 20, 2026 (5:00 p.m.)
Mask Investments Limited has issued the notice for its 34th Annual General Meeting (AGM) scheduled for September 21, 2026, at 11:00 AM in Surat. The meeting's ordinary business includes adopting the audited standalone financial statements for FY26 and reappointing director Mr. Naresh Sitaram Saboo, who retires by rotation. Additionally, a special resolution is tabled to adopt an updated Memorandum of Association (MOA) in compliance with the Companies Act, 2013.
- 34th Annual General Meeting scheduled for Monday, September 21, 2026, at 11:00 AM IST in Surat
- Special resolution proposed to adopt a new set of Memorandum of Association under Companies Act, 2013
- Re-appointment of director Mr. Naresh Sitaram Saboo (DIN: 00223350) retiring by rotation
Mask Investments reported a standalone Basic and Diluted EPS of Rs 0.1 for the quarter ended June 30, 2026. This follows a TTM EPS of Rs 0.23 for FY26, indicating the company remains profitable at a very small scale. The Board has scheduled the 34th Annual General Meeting for September 21, 2026. Given the company's micro-cap status (Rs 46 Cr market cap) and its primary business of managing a ~Rs 90 Cr investment portfolio, performance remains highly sensitive to capital market volatility.
- Reported Basic and Diluted EPS of Rs 0.1 for the quarter ended June 30, 2026
- 34th Annual General Meeting (AGM) scheduled for September 21, 2026, at 11:00 a.m.
- Company maintains a low debt-to-equity ratio with total debt of only Rs 1 Cr against a net worth of Rs 61 Cr
- Investment portfolio previously valued at Rs 89.75 Cr remains the primary driver of financial outcomes
Mask Investments Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled. The Registrar and Share Transfer Agent, Adroit Corporate Services, verified that the depository names were updated in the register of members within the mandated 15-day period. This is a standard administrative filing with no impact on the company's financial position or operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Dematerialization requests processed and confirmed within 15 days
- Registrar and Share Transfer Agent confirmed as Adroit Corporate Services Private Limited
- Confirmation that dematerialized securities are listed on the relevant stock exchanges
Mask Investments Limited has announced the closure of its trading window for all designated persons starting July 01, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared to the stock exchange. The company has not yet specified the date for the board meeting to approve these results.
- Trading window closure effective from July 01, 2026
- Closure pertains to the unaudited financial results for the quarter ended June 30, 2026
- Restriction applies to Employees, Directors, and Key Managerial Personnel
- Window to reopen 48 hours after the financial results are declared
Mask Investments Limited has re-submitted its audited standalone financial results for the quarter and year ended March 31, 2026, in a machine-readable format following a request from the NSE. The results, originally approved on May 30, 2026, received an unmodified audit opinion from Rajendra Sharma & Associates. Additionally, the company has appointed Mr. Hemal Kahar as the Internal Auditor for the 2026-27 financial year. This filing ensures full regulatory compliance and document accessibility.
- Submission of machine-readable and legible copies of audited standalone financial results for the year ended March 31, 2026.
- Statutory auditors issued an audit report with an unmodified opinion on the standalone financial results.
- Appointment of Mr. Hemal Kahar as Internal Auditor for the financial year 2026-27 effective May 30, 2026.
- The re-submission was prompted by an NSE email communication dated June 23, 2026.
Mask Investments Limited has approved its audited standalone financial results for the quarter and fiscal year ended March 31, 2026. The statutory auditor, M/s. Rajendra Sharma & Associates, issued an unmodified opinion, signifying that the financial statements present a true and fair view. Additionally, the board appointed Mr. Hemal Kahar as the Internal Auditor for the 2026-27 financial year to strengthen internal controls. The meeting was held on May 30, 2026, and concluded at 02:15 P.M.
- Approved audited standalone financial results for the quarter and year ended March 31, 2026.
- Statutory auditor issued an audit report with an unmodified opinion for the financial year.
- Appointed Mr. Hemal Kahar as Internal Auditor for FY 2026-27, effective May 30, 2026.
- The board meeting was conducted on May 30, 2026, between 01:15 P.M. and 02:15 P.M.
Mask Investments Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the audited financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced later.
- Trading window closure effective from April 1, 2026
- Closure pertains to the audited financial results for the quarter and year ending March 31, 2026
- Restriction applies to Employees, Directors, and Key Managerial Personnel
- Window to reopen 48 hours after the financial results are declared
Mask Investments Limited has announced the postponement of its 1st Extraordinary General Meeting (EGM) which was originally scheduled for February 23, 2026. The decision was finalized by the Board of Directors on February 21, 2026, citing unavoidable circumstances. Consequently, the EGM notice dated January 29, 2026, stands adjourned until further notice. The company will issue a revised schedule and update e-voting facilities for shareholders in due course.
- EGM originally scheduled for February 23, 2026, at 11:30 A.M. has been postponed.
- The Board of Directors met on February 21, 2026, to decide on the adjournment.
- Postponement is attributed to unspecified 'unavoidable circumstances'.
- Revised notice with a new date and time will be sent to shareholders and filed with the exchange later.
Mask Investments Limited's Board of Directors met on February 14, 2026, to approve the unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The statutory auditors, M/s. Rajendra Sharma & Associates, provided a Limited Review Report with an unmodified opinion, suggesting no significant issues in the financial statements. The meeting was brief, lasting from 2:00 P.M. to 2:45 P.M. at the company's Surat office. This announcement confirms the company's adherence to SEBI listing regulations for periodic financial reporting.
- Unaudited standalone financial results approved for the quarter ended December 31, 2025
- Statutory auditors issued a Limited Review Report with an unmodified opinion
- Board meeting concluded within 45 minutes on February 14, 2026
- Filing complies with Regulation 30 and 33 of SEBI (LODR) Regulations, 2015
Mask Investments Limited has officially approved its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The board meeting held on February 14, 2026, confirmed the results alongside a limited review report from statutory auditors. The auditors, M/s. Rajendra Sharma & Associates, issued an unmodified opinion, suggesting no significant accounting concerns. This announcement fulfills the regulatory requirements under SEBI Listing Obligations.
- Board approved standalone financial results for the quarter and nine months ended December 31, 2025.
- Statutory auditors issued a Limited Review Report with an unmodified opinion.
- The board meeting was efficiently concluded within 45 minutes on February 14, 2026.
- Compliance maintained under Regulation 30 and 33 of SEBI Listing Obligations.
Mask Investments Limited has scheduled an Extraordinary General Meeting (EOGM) for February 23, 2026, to seek shareholder approval for adopting a new Memorandum of Association (MOA) aligned with the Companies Act, 2013. The primary changes include formalizing the shift of the registered office from Madhya Pradesh to Gujarat and updating the object clauses to allow for broader business activities. The company's authorized share capital is stated at ₹3.05 crore, divided into 30.51 lakh equity shares of ₹10 each. Shareholders can exercise their voting rights through an e-voting window open from February 19 to February 22, 2026.
- Extraordinary General Meeting (EOGM) scheduled for February 23, 2026, at 11:30 A.M. in Surat.
- Proposed adoption of a new Memorandum of Association to replace the outdated Companies Act, 1956 version.
- Authorized Share Capital confirmed at ₹3,05,15,000 consisting of 30,51,500 equity shares.
- Formal update to Clause II of the MOA to reflect the change in registered office state from Madhya Pradesh to Gujarat.
- Remote e-voting period set from February 19, 2026 (9:00 AM) to February 22, 2026 (5:00 PM).
The Board of Mask Investments Limited has approved the adoption of a new Memorandum of Association (MOA) to align with the Companies Act, 2013. Key amendments include updating the registered office state from Madhya Pradesh to Gujarat and inserting clauses that allow for future mergers, acquisitions, and subsidiary formations. An Extra Ordinary General Meeting (EOGM) is scheduled for February 23, 2026, to obtain shareholder approval for these changes. The company's authorized share capital is confirmed at ₹3.05 crore.
- Adoption of new MOA to align with Companies Act, 2013, replacing the older 1956 Act version.
- Registered office state in MOA updated from Madhya Pradesh to Gujarat.
- New sub-clauses added to facilitate future amalgamations, mergers, and absorption of other companies.
- Authorised Share Capital stands at ₹3,05,15,000 divided into 30,51,500 equity shares of ₹10 each.
- Extra Ordinary General Meeting (EOGM) scheduled for February 23, 2026, at 11:30 A.M.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment (Investment), making segment-wise growth reporting not applicable. Total investment value decreased from INR 97.46 Cr in March 2025 to INR 89.75 Cr in September 2025, representing a 7.9% decline in the portfolio value over six months.
Geographic Revenue Split
Not disclosed in available documents; however, the company is headquartered in Surat, Gujarat, and primarily operates within the Indian financial markets.
Profitability Margins
The company reported a Net Profit before tax of INR 4.73 Lakhs for the year ended March 31, 2025. However, for the half-year ended September 30, 2025, it recorded a loss of INR 4.87 Lakhs, indicating a significant downturn in operational profitability due to market fluctuations affecting investment income.
EBITDA Margin
Not explicitly disclosed as a percentage; however, the shift from a profit of INR 4.73 Lakhs (FY25) to a loss of INR 4.87 Lakhs (H1 FY26) suggests a negative EBITDA margin for the current period due to the lack of operating revenue to cover administrative costs.
Capital Expenditure
The company reported zero fixed assets and zero capital work-in-progress as of March 31, 2025, and September 30, 2025, indicating no historical or planned capital expenditure in physical infrastructure.
Credit Rating & Borrowing
Total borrowings stood at INR 69.54 Lakhs as of March 31, 2025, a decrease of 16.05% from INR 82.84 Lakhs in the previous year. Specific credit ratings and interest rate percentages were not disclosed in the provided documents.
Operational Drivers
Raw Materials
Not applicable as MASKINVEST is an investment company. Its 'raw materials' are capital and financial securities.
Import Sources
Not applicable; the company sources financial instruments and securities through Indian stock exchanges and primary markets.
Key Suppliers
Not applicable; the company interacts with financial intermediaries, brokers, and depository participants like Adroit Corporate Services Private Limited.
Capacity Expansion
Not applicable for an investment firm; however, the investment portfolio capacity is limited by its total equity and liabilities, which stood at INR 98.99 Cr as of March 31, 2025.
Raw Material Costs
Not applicable; the primary cost drivers are financial in nature, such as interest expenses and transaction costs, rather than physical raw materials.
Manufacturing Efficiency
Not applicable; the company does not engage in manufacturing.
Logistics & Distribution
Not applicable; the company's 'products' are financial investments which are distributed/held digitally via dematerialized accounts.
Strategic Growth
Growth Strategy
The company focuses on managing a portfolio of financial investments. Growth is achieved through the appreciation of its investment portfolio (INR 89.75 Cr as of Sept 2025) and potential strategic shifts in asset allocation. The company maintains compliance with related party transaction norms to leverage group synergies where applicable.
Products & Services
Investment in equity shares, debt instruments, and other financial securities; provision of capital to markets.
Brand Portfolio
MASKINVEST
Market Expansion
The company operates primarily from its Surat base, focusing on Indian capital markets with no specific regional expansion plans mentioned.
Strategic Alliances
The company works with Adroit Corporate Services Private Limited as its Registrar and Share Transfer Agent.
External Factors
Industry Trends
The investment industry is shifting towards increased transparency and digital audit trails. The company noted that its 'edit log' feature was not enabled for FY25, highlighting a need to align with evolving regulatory technology standards for financial record-keeping.
Competitive Landscape
Competes with other NBFCs and investment firms for high-yield opportunities in the Indian equity and debt markets.
Competitive Moat
The company's moat is based on its long-standing presence (incorporated 1992) and its ability to manage a significant investment corpus (INR 90+ Cr) with minimal overhead, though this is subject to market-wide risks.
Macro Economic Sensitivity
Highly sensitive to capital market movements and interest rate changes, which affect the valuation of its INR 89.75 Cr investment portfolio.
Consumer Behavior
Not directly applicable; however, investor sentiment in the broader market dictates the liquidity and valuation of the company's holdings.
Geopolitical Risks
Geopolitical instability could lead to market sell-offs, impacting the fair value of the company's non-current investments.
Regulatory & Governance
Industry Regulations
Subject to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. The company noted non-applicability of CSR (Section 135) and Nidhi company rules.
Environmental Compliance
Not applicable as the company has no manufacturing operations or physical fixed assets.
Taxation Policy Impact
The company maintains a current tax liability of INR 1.28 Lakhs as of March 2025. It complies with Ind AS and the Income Tax Act for its financial reporting.
Legal Contingencies
The company disclosed pending litigations under Note No. 19(a) regarding 'Contingent Liabilities,' though the specific INR value of these claims was not provided in the summary documents.
Risk Analysis
Key Uncertainties
Market risk is the primary uncertainty, as evidenced by the swing from a profit in FY25 to a loss in H1 FY26 due to investment valuation changes.
Geographic Concentration Risk
100% of operations and registered office are located in Surat, Gujarat, India.
Third Party Dependencies
Dependent on the accuracy of financial reporting software and the registrar (Adroit Corporate Services) for shareholder management.
Technology Obsolescence Risk
The company faced a reporting exception regarding the 'audit trail' (edit log) feature in its accounting software, which was not enabled throughout FY25, posing a regulatory compliance risk.
Credit & Counterparty Risk
The company has minimal trade receivables (zero reported in H1 FY26), suggesting low credit risk from customers but high market risk from its investment holdings.
