ALFA Filings
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Mr. Sreenivas Trichy Venkatraman has resigned as Chief Operating Officer (Senior Management Personnel) of MPS Limited due to personal reasons. His resignation is effective from the close of business hours on August 03, 2026. The company has accepted the resignation and taken it on record.
Mr. Sreenivas Trichy Venkatraman has resigned from his position as Chief Operating Officer of MPS Limited. His resignation was received on May 5, 2026, and will be effective from August 3, 2026.
MPS Limited announced the resignation of Chief Operating Officer Mr. Sreenivas Trichy Venkatraman, effective August 03, 2026. The company has accepted his resignation, and he will continue in his role until the stated date. This transition marks a change in senior management for the company.
MPS Limited has approved the 5th grant of 79,009 employee stock options with a total value of ₹13.1 Crore. Options will vest equally over four years and have an exercise price of ₹1,657.70 per share. This initiative aims to align employee interests with shareholder value creation.
MPS Limited received an Income Tax Assessment Order and Demand Notice for ₹21.78 Crore for AY 2023-24. The company believes the demand is inflated due to an incorrect tax rate and is filing for rectification and appeal. No material impact on business operations is expected.
Nishith Arora Family Trust and NAFT-2 confirmed complete compliance with SEBI exemption orders for the financial year ended March 31, 2026. The trusts facilitate internal promoter group succession planning for shares in ADI BPO Services and ADI Media, which control MPS Limited. Independent auditors verified that all conditions of the Takeover Regulations exemptions were met.
MPS Limited submitted a compliance certificate under Regulation 74(5) of SEBI (DP) Regulations for the quarter ended March 31, 2026. The certificate from RTA Cameo Corporate Services confirms the processing and listing of dematerialized securities. This is a routine quarterly regulatory filing with no material business impact.