MPS Limited — QIP/Rights/Pref., 28-02-2025: Qualified Institutional Placement

MPS Limited has announced a board meeting to consider raising funds via the issuance of equity shares and/or equity-linked securities through a Qualified Institutions Placement (QIP) for up to ₹300 Crore. The Board also approved changes to the re-appointment terms and remuneration of Mr. Rahul Arora, the CEO and Managing Director, due to his change in residential status to non-resident. Additionally, they set a cutoff for postal ballot voting on various matters, including the capital raise proposal and appointments of new directors.