MPS Limited to hold Unsecured Creditors' Meeting on Aug 22 for Amalgamation Scheme
MPS Limited will hold a meeting for Unsecured Creditors on August 22, 2026, to approve the amalgamation scheme with ADI BPO Services Limited. The meeting will be conducted via VC/OAVM, with remote e-voting available from August 19-21, 2026. A cut-off date of March 15, 2026, applies for voting rights.
The amalgamation of ADI BPO Services Limited with MPS Limited is a significant corporate action that could impact the company's structure, operations, and financial performance, hence medium impact.
The announcement pertains to a procedural step (creditors' meeting) for a corporate action (amalgamation) and does not inherently contain positive or negative financial or operational news.
MPS Limited has announced that a meeting of its Unsecured Creditors will be convened on Saturday, August 22, 2026, at 11:30 A.M. IST. This meeting, directed by the National Company Law Tribunal (NCLT), Chennai Bench, via an order dated July 02, 2026, is to consider and approve the proposed Scheme of Amalgamation between ADI BPO Services Limited (Transferor Company) and MPS Limited (Transferee Company).
The meeting will be conducted through Video Conferencing / Other Audio-Visual Mode (VC/OAVM). The notice for this meeting, along with an explanatory statement and annexures, was dispatched to Unsecured Creditors on July 22, 2026. A cut-off date of March 15, 2026, has been set for determining the entitlement of Unsecured Creditors to exercise their voting rights and attend the meeting.
MPS Limited has facilitated remote e-voting from August 19, 2026, at 09:00 A.M. IST to August 21, 2026, at 05:00 P.M. IST. E-voting will also be available during the meeting. The results of the voting will be declared within two working days of the meeting's conclusion and will be filed with the NCLT and regulatory bodies.
What to do with a filing like this
MPS Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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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See the model portfoliosA plain-language summary of a public exchange filing by MPS Limited. Read the original for the full detail.