MPS Limited Board Reconstituted; Announces Re-appointment of Karthik Bhat Khandige as Independent Director

MPS Limited Board Reconstituted; Announces Re-appointment of Karthik Bhat Khandige as Independent Director​

MPS Limited announced significant changes in its board structure following a recent Board Meeting, approving the cessation of Ms. Ruvina Singh and reconstituting various key committees. The company also greenlit the re-appointment of Mr. Karthik Bhat Khandige as an Independent Non-Executive Director (INED) for a subsequent term.

The Board meeting determined that the tenure of Ms. Ruvina Singh, who serves as an Independent Non-Executive Director, concludes upon the close of business hours on July 29, 2026. The cessation is noted as completion of her tenure and not due to resignation or disqualification.

Ms. Singh’s departure also mandates changes across several crucial oversight bodies. Consequent to her tenure ending, Ms. Ruvina Singh will cease to hold the positions of Chairperson of the Nomination and Remuneration Committee (NRC), a Member of the Stakeholders' Relationship Committee (SRC), and a member of the Corporate Social Responsibility Committee (CSR Committee) effective from July 30, 2026. The Board management expressed sincere appreciation for her contributions during her tenure.

Committee Reconstitutions Effective July 30, 2026​

The Board approved changes to the composition of its statutory committees following Ms. Singh's tenure completion:

Nomination and Remuneration Committee (NRC)
The NRC was reconstituted with Mr. Karthik Bhat Khandige appointed as a Member and Ms. Divya Verma designated as the Chairperson. The committee members are:


Stakeholders' Relationship Committee (SRC)
Mr. Atul Vohra was appointed as a Member of the SRC. The committee composition is:


Corporate Social Responsibility Committee (CSR Committee)
Ms. Divya Verma was appointed as a member of the CSR Committee. The composition is:

Karthik Bhat Khandige Reappointed as INED​

The Board approved the re-appointment of Mr. Karthik Bhat Khandige (DIN: 06730563) as an Independent Non-Executive Director for a second term, commencing from July 30, 2026, and lasting five consecutive years until July 29, 2031. The re-appointment was based on the recommendation of the Nomination and Remuneration Committee.

Mr. Khandige is the Founder and Managing Partner of Force Ventures, a firm specializing in early-stage investments ranging from pre-seed to Series A rounds. With over two decades of experience, he has held leadership roles both as an investor and a business operator. His professional background includes tenure at SB Billimoria (now Deloitte India) and Goldman Sachs Equity Research from 2001 to 2009.

Following his MBA from the Indian School of Business (ISB) in 2010-2011, Mr. Khandige has been pivotal in advising, building, and investing in over 75 high-growth startups. His investment portfolio spans both public and private markets. Notably, he led Zephyr Peacock India Fund and Dailyhunt before founding Ubiquity Capital, where he successfully managed the deployment of debt capital across more than 20 companies with zero delinquencies.

Mr. Khandige holds an MBA from ISB Hyderabad, has cleared CFA Level 3 exams from the CFA Institute (USA), and is a Chartered Accountant from The Institute of Chartered Accountants of India. During his tenure as an Independent Director, he has provided valuable input to board deliberations, corporate governance, and strategic decision-making at the Company.

MPSLTD Stock Price Movement​

MPS Limited shares today edged higher to close at ₹2,683.40, marking a solid gain of 2.88%. The stock saw its closing price rise by ₹75.10 and closed trading with a volume of 123,656 shares.