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Subsidiary21 Jul 2026, 05:30 pm

MPS Ltd Approves Singapore Subsidiary, Q1 Results

AI Summary

MPS Ltd's Board of Directors has approved the incorporation of a wholly-owned subsidiary in Singapore with an investment of up to INR 1 Crore. This move aims to facilitate business objectives and strengthen international presence. The board also approved the Un-Audited Financial Results for Q1 FY27 (ended June 30, 2026), both standalone and consolidated, and took on record the Limited Review Report from statutory auditors. Additionally, Mrs. Papinani Radha Rani was appointed as Chief Risk Officer, and the 56th Annual General Meeting is scheduled for September 4, 2026.

Key Highlights

  • MPS Ltd to establish a wholly-owned subsidiary in Singapore.
  • Investment of up to ₹1 Crore planned for the new Singapore entity.
  • Approved Q1 FY27 Un-Audited Financial Results (Standalone & Consolidated).
  • Mrs. Papinani Radha Rani appointed as Chief Risk Officer.
  • 56th AGM scheduled for September 4, 2026.