MPS Limited — Board Meeting, 28-02-2025: Outcome of Board Meeting

The Board of Directors of MPS Limited has approved a proposal for capital raising of up to INR 300 Crores through the issuance of equity shares or equity-linked securities via a Qualified Institutions Placement (QIP). The Fund Raising Committee has been constituted to manage this process. Additionally, the board has modified the terms of re-appointment and remuneration for Mr. Rahul Arora, the CEO, due to a change in his residential status. A postal ballot notice has also been sanctioned, covering various agenda items including the capital raising proposal and the appointment of new directors.