MPS Limited deregisters App-eLearn Pty Ltd effective May 13

MPS Limited has announced the voluntary de-registration of its step-down subsidiary, App-eLearn Pty Ltd, effective from May 13, 2026. The entity, incorporated in Australia, was struck off the register in accordance with the provisions of the Corporations Act 2001 and other applicable laws. Consequently, App-eLearn Pty Ltd no longer remains a step-down subsidiary of MPS Limited .

The company clarified that App-eLearn Pty Ltd was not a material subsidiary and had no active business operations. Therefore, the de-registration does not have any impact on the revenue, operations, or business activities of MPS Limited. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Details of the Subsidiary

The following table provides the regulatory details regarding the de-registration:

Sr.No.	Particulars	Details
1.	Turnover, revenue, income, and net worth contributed during the last financial year	Nil (App-eLearn Pty Ltd is a non-material subsidiary and did not have any business operations)
2.	Date on which the agreement for sale has been entered into	Not Applicable
3.	Expected date of completion of sale/disposal	De-Registered (Voluntarily Strike-off) w.e.f. 13 May 2026
4.	Consideration received from such sale/disposal	Not Applicable
5.	Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies	Not Applicable
6.	Whether the transaction would fall within related party transactions	Not Applicable
7.	Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement	Not Applicable
8.	Disclosures provided for amalgamation/merger in case of slump sale	Not Applicable

The announcement was signed by Raman Sapra, Company Secretary and Compliance Officer of MPS Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+12.17%	+11.40%	+2.28%	-18.32%	-26.69%	+201.92%

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.