MPDL Limited has issued a postal ballot notice seeking shareholder approval for a significant amendment to its Memorandum of Association. The company aims to expand its business scope by adding maintenance and management services to its operational portfolio.

Proposed Business Expansion

The company proposes to amend Object Clause III(A) of its Memorandum of Association by inserting a new sub-clause III(A)(11). This amendment will enable MPDL to undertake comprehensive maintenance and management services including:

• Maintenance, repair, upkeep, operation and management services of buildings and complexes
• Infrastructure facilities management
• Plants, machinery, and equipment maintenance
• Utilities and other assets management
• Electrical, mechanical, civil, and housekeeping services
• Allied maintenance services for both company assets and third parties

E-Voting Schedule and Process

The postal ballot will be conducted exclusively through remote e-voting, with no physical ballot forms being distributed. Key dates and details include:

Regulatory Compliance and Publication

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MPDL has published the postal ballot notice in newspapers. The publication appeared in Financial Express (All Edition, English Daily) and Jansatta (Delhi Edition, Hindi Daily), both dated April 03, 2026.

The company has submitted copies of these newspaper publications to BSE Limited, fulfilling its regulatory disclosure obligations.

Shareholder Eligibility and Access

Shareholders whose names appear in the Register of Members as on the cut-off date of March 27, 2026, will be eligible to participate in the e-voting process. The postal ballot notice is being sent electronically to shareholders who have registered their email addresses with the company, depository, or depository participants.

The notice is available on multiple platforms:

• Company website: www.mpdl.co.in
• NSDL e-voting portal: www.evoting.nsdl.com
• BSE website: www.bseindia.com

Scrutinizer Appointment

The postal ballot process complies with various regulatory circulars issued by the Ministry of Corporate Affairs, including General Circular Nos. 14/2020, 17/2020, 09/2023, 09/2024, and 03/2025. The company has appointed Mr. Kapil Dev Taneja (M. No. F4019, CP No. 22944) and alternatively Mr. Sujeet Kumar (M. No. F12562, CP No. 22684) from M/s Sanjay Grover & Associates as scrutinizers for the postal ballot process.

Board Recommendation

The Board of Directors has recommended the Special Resolution, stating that the proposed amendment is in the best interests of the company and its shareholders. The existing Object Clause does not specifically cover the proposed maintenance and management services, making this amendment necessary to broaden the company's operational horizon and enable expansion into new business activities.

MPDL Limited announced that its Board of Directors has approved amendments to the company's Memorandum of Association (MOA) during a meeting held on February 13, 2026. The decision represents a strategic expansion of the company's business scope, adding comprehensive facility management services to its operational framework.

Board Meeting Details

The board meeting was conducted on February 13, 2026, commencing at 3:30 PM and concluding at 4:00 PM. The primary agenda focused on amending the Object Clause of the company's MOA to incorporate new business activities.

Proposed Business Expansion

The mpdl board approved the insertion of a new object clause that significantly broadens the company's service portfolio. The amendment introduces comprehensive facility management capabilities as a core business activity.

The new object clause states: "To carry on the business of providing maintenance, repair, upkeep, operation and management services of buildings, complexes, infrastructure facilities, plants, machinery, equipment, utilities and other assets including maintaining parking lots, electrical, mechanical, civil, housekeeping and similar allied maintenance services, either on its own account or for third parties."

Service Categories

The proposed amendment encompasses multiple service verticals:

• Building and complex maintenance services
• Infrastructure facility management
• Plant and machinery upkeep
• Equipment maintenance and repair
• Utility management services
• Parking lot maintenance
• Electrical and mechanical services
• Civil maintenance work
• Housekeeping and allied services

Shareholder Approval Process

The board's decision is contingent upon shareholder approval, which will be sought through a postal ballot mechanism. The company has committed to dispatching the Notice of Postal Ballot to all shareholders in due course, ensuring proper communication and transparency in the approval process.

The postal ballot notice will also be filed with the stock exchange as per regulatory requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

MPDL Limited has fulfilled its disclosure obligations by informing BSE Limited about the board's decision. The communication was addressed to BSE Limited at Phiroze Jeejibhoy Towers, Dalal Street, Mumbai, referencing the company's scrip code 532723. This disclosure ensures compliance with SEBI regulations and maintains transparency with stakeholders and the investing public.