NCLT allows first motion for merger of ADI BPO Services with MPS Limited

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹2090.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.5% vs market

Printing & Publication peers, median of 6sector+2.5%-3.3% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 3.3 pts less than its Printing & Publication peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.9+0.6-1.5+2.5-3.3

Next day

+2.4+0.9+1.4+1.8+0.6

+22.7-0.2+23.0+0.4+22.3

+29.7-0.9+30.6-0.5+30.1

+32.9-0.5+33.4+0.7+32.1

+28.5+0.8+27.7-0.2+28.7

+28.0-0.0+28.0-2.2+30.1

15d

+37.0+3.9+33.1-3.2+40.2

+39.1+4.8+34.3-6.3+45.4

+26.7+5.1+21.6-10.5+37.2

+10.6-1.6+12.2-11.8+22.4

UpDownMarket · Nifty Microcap 250Sector · Printing & Publication peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Chennai passed first motion order on July 2, 2026 allowing the scheme of amalgamation of ADI BPO Services with MPS Limited. NCLT dispensed with meetings for ADI BPO shareholders and creditors and MPS secured creditors. Meetings ordered for MPS equity shareholders (22 Aug, 10 AM) and unsecured creditors (22 Aug, 11:30 AM). MPS will issue 1,16,90,615 equity shares to ADI BPO shareholders. Both belong to the same group; merger simplifies structure. Appointed date April 1, 2025.

Likely market impact

Procedural step towards merger completion; simplifies group structure. No change to public shareholding; dilution from about 1.17 crore new MPS shares.