MPS Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 29, 2025
MPSLTD · price
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MPS Limited has issued the notice for its 55th Annual General Meeting (AGM) scheduled on Friday, 29 August 2025 at 4:00 PM (IST), to be held via Video Conferencing (VC)/Other Audio Visual Means (OAVM). Key items on the agenda include adoption of audited financial statements for FY ended 31 March 2025, confirmation of an interim dividend of INR 33 per share already paid and declaration of a final dividend of INR 50 per share for FY 2024-25 (total INR 83 per share), and re-appointment of Ms. Yamini Tandon as a Non-Executive Director. Special business includes appointing M/s Sridharan & Sridharan Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30) at INR 3.30 lakh per annum, and amending the ESOS 2023 scheme to extend the option exercise period from 12 to 24 months in cases of retirement or death. Remote e-voting will be open from 26 August to 28 August 2025, with the record date for dividend eligibility fixed as 13 August 2025.
Shareholders get a total dividend of INR 83 per share for FY 2024-25 (INR 33 interim already paid plus INR 50 final, subject to AGM approval), reflecting a strong payout. The ESOS amendment is a positive for employee option holders, and the appointment of a peer-reviewed secretarial auditor for a long tenure signals continued governance discipline. No negative signals; routine AGM business.