Nishith Arora Family Trust and Nishith Arora Family Trust-2 have submitted a letter to the Exchange regarding the annual compliance certificate for the Financial Year ended March 31, ....
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Nishith Arora Family Trust (NAFT) and Nishith Arora Family Trust-2 (NAFT-2) have submitted annual compliance certificates for FY2025-26 to BSE and NSE. NAFT received its SEBI exemption order dated February 14, 2020, while NAFT-2 received its exemption order dated May 30, 2025. Both exemptions, granted under Regulation 11 of SEBI's Takeover Regulations, allow the trusts to indirectly acquire shares in MPS Limited without making an open offer. The filings confirm both trusts are in complete compliance with their respective exemption conditions. Independent auditors M/s. Jain Kapil & Associates have certified the compliance. The trust structures are part of family succession planning involving ADI BPO Services Ltd, which holds approximately 68% stake in MPS Limited. No change in control, public shareholding, or ownership structure of MPS Limited has occurred.
This is a routine regulatory compliance filing confirming the family trust succession arrangement remains valid. There is no impact on MPS Limited's stock or shareholder structure as this confirms an internal family arrangement with no change in control of the company.