Approval for the Incorporation of a Wholly Owned Subsidiary in Singapore.
MPSLTD · price
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MPS Limited reported strong Q1 FY27 (ended June 30, 2026) results with consolidated revenue from operations of INR 22,424 lacs, up about 20% YoY from INR 18,628 lacs. Consolidated profit after tax rose roughly 43% YoY to INR 5,039 lacs, with basic EPS at INR 29.70 versus INR 20.78 a year earlier; both standalone and consolidated results carried an unmodified limited review from Walker Chandiok & Co LLP. The Board approved incorporating a wholly owned subsidiary in Singapore with an investment of up to INR 1 crore to strengthen international presence. An update on the ongoing NCLT scheme for merger of ADI BPO Services Limited into MPS Limited was also noted, with NCLT directing shareholder and unsecured creditor meetings on August 22, 2026. Additionally, the General Counsel was appointed as Chief Risk Officer, the 56th AGM was scheduled for September 4, 2026, and non-material step-down subsidiary App-eLearn Pty Ltd (Australia) was struck off effective May 13, 2026.
The sharp YoY growth in revenue and profits signals strong operational momentum, likely to be viewed positively by investors. The Singapore subsidiary and ongoing ADI BPO merger point toward continued international and domestic expansion, though the deal still awaits NCLT sanction.