MPS Limited Shareholders Approve Amalgamation Scheme with ADI BPO Services Ltd.
MPS Limited shareholders approved the Scheme of Amalgamation with ADI BPO Services Limited on August 22, 2026. The approval was secured via remote e-voting and during the meeting, as per NCLT directions. The scheme now awaits NCLT sanction.
The amalgamation is a significant corporate action that will lead to structural changes within the company, potentially impacting its operations and market position.
The shareholders have overwhelmingly approved the amalgamation scheme, which is a positive development for the company's strategic growth.
MPS Limited announced that its equity shareholders have approved the Scheme of Amalgamation of ADI BPO Services Limited with MPS Limited. The approval was granted with the requisite majority through remote e-voting and voting conducted during the meeting. The meeting of the equity shareholders was convened and held on August 22, 2026, through Video Conferencing/Other Audio-Visual Means, as per the Order dated July 2, 2026, of the Hon’ble National Company Law Tribunal, Chennai Bench.
The voting results, along with the Report of the Scrutinizer, have been submitted to the stock exchanges and will also be available on the company's website and CDSL's website. The scheme requires further sanction from the Hon’ble National Company Law Tribunal. The resolution to approve the amalgamation was passed as a Special Resolution.
The voting period for remote e-voting was from August 19, 2026, to August 21, 2026. The cut-off date for identifying eligible shareholders was August 17, 2026, with 27,109 shareholders on record. The amalgamation is being undertaken pursuant to Sections 230 to 232 of the Companies Act, 2013, and related regulations.
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MPS Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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