NCLT allows first motion for ADI BPO merger with MPS Limited
MPSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NCLT Chennai allowed the first motion application for the scheme of amalgamation of ADI BPO Services Limited with MPS Limited on July 2, 2026. Under the scheme, MPS will issue about 1.17 crore equity shares of Rs 10 face value to ADI BPO shareholders. Appointed date is April 1, 2025. NSE and BSE gave no-objection letters in March 2026. Meetings of MPS equity shareholders and unsecured creditors are scheduled for August 22, 2026. MPS net worth stands at about Rs 326 crore; ADI BPO net worth is about Rs 134 crore.
First step toward internal group restructuring; merger simplifies holding structure without changing public shareholding of MPS.