MPS Limited has informed the Exchange about Disclosures received from the acquirers and transferors under Regulations 29(1) and 29(2) of SEBI (SAST) Regulations, 2011.
MPSLTD · price
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MPS Limited informed the exchanges about an internal reshuffle within its promoter group. Ms. Anju Arora first acquired 40.72% of ADI BPO (the entity that holds 68.34% in MPS) from Nishith Arora Family Trust, and 99.99% of ADI Media from Neha Family Trust. She then transferred all these shares into a newly created family trust called Nishith Arora Family Trust-2. SEBI had already granted an exemption order on May 30, 2025, from the requirement to make an open offer, treating this as a non-commercial succession planning exercise within the promoter family. Importantly, the aggregate promoter group shareholding in MPS Limited remains unchanged at 68.34% (1,16,90,615 shares held via ADI BPO), with no change in control or management.
This is a neutral event for retail shareholders. The promoter family's effective stake in MPS Limited and the overall control structure remain exactly the same before and after the transaction. It is purely an internal succession and estate planning move within the Arora family, with no impact on the company's operations, public shareholding, or the stock price.