MAS Financial Services Limited has received approval from the Reserve Bank of India (RBI) to undertake factoring business, the company informed the stock exchanges in a regulatory filing.
The company said it has been granted a “Certificate of Registration – Additional Certificate of Registration to existing NBFC for Factoring” by the RBI, allowing it to commence and carry on factoring operations. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the filing, the approval permits MAS Financial Services to begin factoring business activities subject to prescribed conditions. The company added that commencement of operations will depend on market conditions and the availability of suitable opportunities, and the factoring business may be initiated in due course.
In the detailed annexure to the filing, the company clarified that there has been no withdrawal, cancellation or suspension of the approval, and therefore related disclosures on impact or penalties are not applicable.
Factoring is a financing activity where a company purchases receivables from businesses at a discount, providing immediate liquidity to clients. With this approval, MAS Financial Services will be able to expand its product offerings beyond its existing NBFC operations, potentially strengthening its presence in the broader credit and working capital financing segment.