MPS Ltd shareholders overwhelmingly approved the amalgamation of ADI BPO Services Ltd. The special resolution passed with 99.999% of votes in favour, paving the way for the merger.
MPS Ltd Shareholders Approve Amalgamation Scheme
MPS Ltd secured crucial shareholder approval for its proposed amalgamation with ADI BPO Services Ltd. The company announced that an NCLT-convened meeting of its equity shareholders, held on 22 August 2026, saw an overwhelming majority vote in favour of the Scheme of Amalgamation. ## What just happened Equity shareholders of MPS Ltd convened on August 22, 2026, to vote on the amalgamation of ADI BPO Services Ltd with MPS Ltd. The resolution was passed as a Special Resolution with a near-unanimous 99.999% of the total votes polled. ## Why this matters This shareholder approval is a critical step in the amalgamation process. It signifies strong investor confidence in the merger, which is expected to streamline operations and potentially create synergies between the two entities. The company can now move forward with subsequent regulatory procedures. ## The backstory The meeting was convened as per the order dated 02 July 2026, by the National Company Law Tribunal (NCLT), Chennai Bench. The amalgamation involves ADI BPO Services Ltd as the transferor company and MPS Ltd as the transferee company. ## What changes now With shareholder consent secured, MPS Ltd will proceed to obtain the final sanction from the NCLT and other relevant statutory authorities. The successful completion of the merger will lead to the integration of ADI BPO Services Ltd into MPS Ltd. ## Risks to watch While shareholder approval is a significant milestone, the amalgamation is still subject to final NCLT sanction and other regulatory approvals, which could pose delays or conditions. ## Peer comparison Amalgamations and mergers are common in the IT services and BPO sector as companies seek consolidation, expanded service offerings, and greater market share. This move by MPS Ltd aligns with industry trends. ## Context metrics (time-bound) * **Meeting Date:** 22 August 2026 * **NCLT Order Date:** 02 July 2026 * **Total Votes Polled:** 12,394,205 * **Votes in Favour:** 12,394,155 (99.999%) * **Votes Against:** 50 * **Public Shareholder Votes in Favour:** 703,540 (99.993%) ## What to track next Investors should closely monitor the NCLT's final approval and any other regulatory clearances required for the scheme to become effective. The integration plan post-merger will also be a key factor to watch.
