
Merger22 Aug 2026, 06:20 pm
MPS Ltd: Unsecured Creditors Approve Amalgamation Scheme
AI Summary
MPS Ltd announced that its unsecured creditors have approved the Scheme of Amalgamation of ADI BPO Services Limited with MPS Limited. The approval was granted through remote e-voting and e-voting conducted during a National Company Law Tribunal (NCLT)-convened meeting held on August 22, 2026. This decision, made pursuant to an NCLT order dated July 2, 2026, signifies a crucial step forward in the amalgamation process. The detailed voting results and the Scrutinizer's report are available on the company's website and CDSL's website.
Key Highlights
- Unsecured creditors approved the amalgamation scheme.
- Approval was secured via remote e-voting and meeting e-voting.
- The scheme involves ADI BPO Services Limited and MPS Limited.
- The NCLT-convened meeting took place on August 22, 2026.
- This is a significant step in the amalgamation process.
Price Impact
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