Visesh Infotecnics Limited — Others, 07-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

MPS Infotecnics Limited has submitted a reply to the Show Cause Notice regarding the potential compulsory delisting of its equity shares. The company argues that recent compliance issues stem from the blocking of its beneficial ownership data (BENPOS) by the depositories due to unresolved disputes over excessive billing for custody fees, totaling approximately Rs. 66.14 lakh. These financial strains have impacted the company’s ability to convene its Annual General Meeting and submit required reports, challenging its operational viability. This situation raises risks for shareholders, as any regulatory action could hamper the company’s revival efforts and investment value. The company is awaiting judicial proceedings concerning this matter.