
Merger22 Aug 2026, 05:30 pm
MPS Ltd: Unsecured Creditors Meeting Held for Amalgamation Scheme
AI Summary
MPS Limited held a National Company Law Tribunal (NCLT)-convened meeting of its unsecured creditors on August 22, 2026. The meeting was held via Video Conferencing/Other Audio-Visual Means as per the NCLT's order dated July 2, 2026. The purpose was to approve the Scheme of Amalgamation of ADI BPO Services Limited (Transferor Company) with MPS Limited (Transferee Company). The meeting was attended by 14 out of 39 unsecured creditors. A resolution for the approval of the amalgamation scheme was proposed. The proceedings were recorded and preserved as per regulatory requirements.
Key Highlights
- Unsecured creditors meeting held for amalgamation scheme.
- 14 out of 39 creditors attended the NCLT-convened meeting.
- Resolution to approve amalgamation of ADI BPO Services with MPS Ltd proposed.
- Meeting conducted via Video Conferencing as per NCLT directions.
Price Impact
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