MPS Limited — JV/Acquisition, 18-07-2025: Amalgamation/Merger

MPS Ltd. is merging with its holding company, ADI BPO Services, a strategic move to simplify the group structure and unlock operational synergies. This amalgamation aims to reduce administrative costs and enhance MPS's flexibility for future growth and acquisitions. MPS will issue 1,16,90,615 new shares to ADI BPO shareholders based on independent valuation. Crucially, this will not change public shareholders' or the overall promoter group's stake. For FY25 (unaudited), ADI BPO reported a turnover of Rs 96.92 Cr and net worth of Rs 132.98 Cr, while MPS had a turnover of Rs 351.34 Cr and net worth of Rs 357.59 Cr. The merger awaits necessary approvals.