MPS Limited COO Sreenivas Trichy Venkatraman Resigns Effective 03 August 2026

MPS Limited has officially informed the stock exchanges regarding the resignation of its Chief Operating Officer, Mr. Sreenivas Trichy Venkatraman. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular dated 30 January 2026. The company confirmed that the resignation was tendered on 05 May 2026 and has been accepted by the board.

Reason for Resignation

Mr. Sreenivas Trichy Venkatraman stepped down from his position due to personal reasons. In his resignation email addressed to Rahul Arora, he expressed appreciation for the opportunity to be a part of the organization and wished the company a bright future. The resignation is classified under the cessation of a Senior Management Personnel role.

Effective Date and Notice Period

While the resignation was submitted on 05 May 2026, it will be effective from the close of business hours on 03 August 2026. This timeline provides a transition period before the Chief Operating Officer officially vacates the post. The company has ensured that all necessary disclosures required under the SEBI Master Circular and Listing Regulations have been completed.

Key Details of the Change

The following table summarizes the key details regarding the change in the company's senior management:

Sr. No.	Particulars	Details
1.	Reason for change	Resignation of Mr. Sreenivas Trichy Venkatraman from the position of Chief Operating Officer, designated as Senior Management Personnel, due to personal reasons.
2.	Date of cessation	Effective from the close of business hours on 03 August 2026.
3.	Brief Profile	Not Applicable
4.	Disclosure of relationships between directors	Not Applicable
5.	Information as required pursuant to BSE/NSE Circulars	Not Applicable

The communication was signed by Raman Sapra, the Company Secretary & Compliance Officer of MPS Limited, on 05 May 2026. The company has requested the exchanges to take the information on record.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.27%	+2.49%	+1.34%	-24.37%	-22.18%	+159.73%

MPS Limited has announced the 5th grant of 79,009 (Seventy-Nine Thousand Nine Only) employee stock options under its 'Employee Stock Options Scheme 2023' (ESOS 2023). The Nomination and Remuneration Committee of the Board of Directors approved this grant at its meeting held on May 4, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Option Grant

The options have been granted to eligible employees at a market price of INR 1,657.70 per share. The market price was determined as the latest available closing price on the National Stock Exchange of India Limited, being the stock exchange that recorded the highest trading volume in the equity shares of the company on the trading day immediately preceding the date on which the grant was approved. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The following table summarises the key parameters of the 5th grant under ESOS 2023:

Parameter:	Details
Grant Number:	5th Grant
Number of Options Granted:	79,009 (Seventy-Nine Thousand Nine Only)
Total Equity Shares Covered:	79,009 (Seventy-Nine Thousand Nine Only)
Grant Price:	INR 1,657.70 per share
Price Basis:	Latest closing price on NSE (highest trading volume exchange)
Vesting Schedule:	Equally over 4 (Four) annual vesting periods
Exercise Period:	Maximum 5 (Five) years from the date of vesting
Governing Scheme:	MPS Limited-Employee Stock Options Scheme 2023 (ESOS 2023)
Regulatory Compliance:	SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Vesting and Exercise Terms

The granted options will vest equally over four annual vesting periods. Once vested, the option grantees are entitled to exercise their vested options within a maximum exercise period of five years from the respective date of vesting. The terms and conditions of ESOS 2023, as approved by the shareholders of the company, are applicable to this grant.

Regulatory Disclosure

The intimation was made in compliance with Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The disclosure was signed by Raman Sapra, Company Secretary & Compliance Officer of MPS Limited. Further details are available on the company's website under the Investors section.