MPS Limited — Updates, 29-04-2026: General Updates

MPSLTD received an income tax demand of ₹21.78 Cr for increased assessed income of ₹4.82 Cr. The company believes the demand is inflated due to incorrect tax rate, ₹6.35 Cr interest, and unconsidered ₹1.15 Cr foreign tax credit. They are appealing and anticipate no material financial impact.