NCLT meeting of MPS unsecured creditors on Aug 22 for ADI BPO merger
MPSLTD · price
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NCLT Chennai has ordered a meeting of MPS Limited's unsecured creditors on Aug 22, 2026 at 11:30 AM via video conferencing to vote on the proposed amalgamation of ADI BPO Services into MPS. The scheme, cleared by NSE and BSE in March 2026 and approved by the MPS board in July 2025, is expected to be EPS accretive from year one and deliver operational efficiencies. Needs majority in number representing three-fourths in value of voting creditors to pass. Remote e-voting window: Aug 19 to Aug 21.
Key procedural step in the amalgamation. Creditor vote outcome on Aug 22 will decide if the MPS-ADI BPO merger moves forward to final NCLT approval.