MPS to Hold Creditors Meeting as ADI BPO Services is proposed for Amalgamation into MPS

MPS to Hold Creditors Meeting as ADI BPO Services is proposed for Amalgamation into MPS​

MPS Limited has announced the schedule for convening a meeting of its Unsecured Creditors regarding the proposed Scheme of Amalgamation between ADI BPO Services Limited and MPS Limited. The meeting is set for Saturday, August 22, 2026, to consider and, if deemed fit, approve the Scheme.

The amalgamation involves consolidating the businesses of ADI BPO and MPS into a single entity. The scheme aims to simplify the management structure and rationalize the shareholding pattern within the corporate group, thereby enabling future growth and operational efficiencies for the merged company.

Key Details of the Amalgamation​

ADI BPO Services Limited (the Transferor Company) will be amalgamated into MPS Limited (the Transferee Company). The scheme outlines that upon its coming into effect, all shares held by ADI BPO in MPS shall stand cancelled.

In consideration for this amalgamation, MPS Limited will issue and allot equity shares of face value INR 10 each to the shareholders of ADI BPO Services Limited at a Fair Share Exchange Ratio of 1,16,90,615 equity shares of MPS per one share of ADI BPO.

The scheme is conditional upon fulfilling several prerequisites, including receiving sanction from the National Company Law Tribunal and obtaining requisite approvals from regulatory authorities.

Stakeholder Obligations and Creditor Status​

Under the proposed Scheme, there is no arrangement or compromise being offered to any creditors (secured or unsecured) of either company. The existing liabilities of both Transferor Company and Transferee Company will be assumed by MPS Limited in its ordinary course of business upon the scheme becoming effective.

As per records as of the cut-off date:

• The amount due to Unsecured Creditors by MPS Limited amounted to INR 41.81 crores.
• The amounts due to Secured Creditors by MPS Limited amounted to INR 1.46 crores.

Creditor Voting and Meeting Details​

The meeting of the Unsecured Creditors is scheduled for Saturday, August 22, 2026, at 11:30 A.M. (IST). The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM).

To facilitate stakeholder participation, MPS has provided remote e-voting facilities to its Unsecured Creditors. Details regarding the voting period are as follows:


Unsecured Creditors who cast their votes via remote e-voting are eligible to attend the physical meeting but will not be entitled to vote again during the VC/OAVM session. The voting results will be declared within two working days of the conclusion of the meeting.

The scheme is supported by various approvals, including No Objection letters obtained from the National Stock Exchange of India Limited (NSE) and BSE Limited dated March 02, 2026.

MPSLTD Stock Price Movement​

MPS Limited shares surged aggressively on Wednesday, achieving a remarkable 20.00% gain as the stock settled at ₹2564.50, hitting its 52-week high. The rally was supported by strong trading activity, with approximately 1.21 million shares traded during the session.