MPS Limited — Others, 01-04-2025: Shareholders meeting

MPS Limited has announced a board meeting to discuss the proposal for raising capital by issuing equity shares and/or equity-linked securities, with an aggregate amount of up to INR 300 Crores (Cr). The resolution received significant support from shareholders, passing with 99.99% of votes in favor during the recent postal ballot.

Additionally, Ms. Divya Verma was appointed as an Independent Non-Executive Director for a term ending January 2027, and Ms. Jayantika Dave’s position as a Non-Executive Director was confirmed. The board also approved changes to the reappointment and remuneration terms for CEO Rahul Arora, maintaining an annual salary of USD 565,000 due to his change in residency status.

This capital raising initiative and board enhancements could bolster MPS's operational capabilities and strategic positioning, fostering a positive outlook among investors, particularly through increased financial flexibility and governance strength.