MPS Limited Shareholders Approve Director Re-appointment and Registered Office Shift
MPS Limited shareholders overwhelmingly approved the re-appointment of Mr. Suhas Khullar as Independent Director for a second five-year term from January 1, 2026, to December 31, 2030. Shareholders also approved the shifting of the registered office to a new Chennai address, effective April 1, 2026. Both resolutions passed with significant majority.
The re-appointment of a key director and the relocation of the registered office are significant corporate actions that could impact governance and operations, warranting a medium impact assessment.
The announcement details the successful passing of two special resolutions by shareholders with overwhelming majority, indicating positive shareholder sentiment towards the company's decisions regarding director re-appointment and office relocation.
MPS Limited has announced the results of its postal ballot process, detailing the outcomes of two special resolutions voted upon by shareholders. The first resolution concerned the re-appointment of Mr. Suhas Khullar as an Independent Director for a second term of five years, commencing January 1, 2026, and concluding on December 31, 2030. This resolution saw overwhelming support, with 99.954% of valid votes cast in favour.
The second special resolution approved the shifting of the Company's Registered Office. The new address will be Block -B6, 3rd Floor, Gateway Office Parks, No. 16, G.S.T Road, Perungalathur, Chennai, Tambaram, Kanchipuram, Tamil Nadu -600063. This move, effective April 1, 2026, is within the same Registrar of Companies jurisdiction but outside the local limits of the current registered office. This resolution also received strong approval, with 99.999% of valid votes cast in favour.
The postal ballot notice was dispatched on January 6, 2026, with remote e-voting conducted from January 8, 2026, to February 6, 2026. The Scrutinizer's Report confirms that the management is responsible for ensuring compliance with the Companies Act, 2013, and relevant MCA circulars. The results of the remote e-voting were processed, and a computer statement was generated, indicating that out of 30,479 shareholders, valid remote e-voting was received from 103 shareholders.
What to do with a filing like this
MPS Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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