MPS Ltd receives unsolicited CRISIL ESG 64 (Strong) rating

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • MPS Limited received an unsolicited CRISIL ESG 64 (Strong) rating
  • Assessment based on FY26 disclosures and public domain data
  • Company did not engage CRISIL ESG for the evaluation
  • Disclosure made under SEBI LODR Regulation 30
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MPS Limited received an unsolicited ESG rating of CRISIL ESG 64 (Strong) from CRISIL ESG Ratings & Analytics Limited on September 4, 2026. The assessment reflects the company’s environmental, social, and governance performance based on publicly available information.

The rating was assigned independently by CRISIL ESG, a SEBI-registered ESG Rating Provider. MPS Limited did not engage the agency for this evaluation. The assessment relies on disclosures made by the company for the financial year ended March 31, 2026, alongside other public data.

Regulatory Disclosure

The company issued the intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of material events to stock exchanges.

Rating Details

Parameter Detail
Rating Agency CRISIL ESG Ratings & Analytics Limited
Rating Assigned CRISIL ESG 64 (Strong)
Assessment Basis FY26 disclosures and public data
Engagement Status Unsolicited (No engagement)

Piyush Jain, Company Secretary and Compliance Officer of MPS Limited, signed the disclosure. The notification was submitted to both the National Stock Exchange of India Limited and BSE Limited.

Historical Stock Returns for MPS

1 Day5 Days1 Month6 Months1 Year5 Years
-0.87%-1.58%-3.32%+83.80%+16.48%0.0%

How might this 'Strong' ESG rating influence MPS Limited's cost of capital or access to green financing instruments in the near future?

Given the unsolicited nature of the assessment, will MPS Limited consider engaging CRISIL or other agencies for a solicited, in-depth ESG audit to validate these findings?

What specific operational changes or capital expenditures is MPS planning to implement to address potential gaps identified in the FY26 disclosures and aim for a higher rating tier?

MPS Ltd appoints Piyush Jain as Company Secretary effective August 29

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Piyush Jain appointed as Company Secretary and Compliance Officer effective August 29, 2026
  • Succeeds Raman Sapra, who resigned from the position effective August 28, 2026
  • Board approved the appointment on August 25, 2026, based on NRC recommendation
  • Jain previously headed compliance at R Systems International and worked with DLF Limited
  • He will also serve as the company's Nodal Officer under SEBI regulations
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MPS Limited has appointed Piyush Jain as its Company Secretary and Compliance Officer, effective August 29, 2026. The appointment follows the resignation of Raman Sapra, whose tenure ended on August 28, 2026.

The Board of Directors approved the move on August 25, 2026, based on the recommendation of the Nomination and Remuneration Committee. The decision was made during a board meeting that commenced at 8:00 am and concluded at 9:15 am.

Appointment Details

Jain brings over a decade of experience in corporate laws, securities regulations, and foreign exchange management act (FEMA) compliance. He holds membership number A44656 with the Institute of Company Secretaries of India.

Prior to joining MPS Limited, Jain headed the compliance and secretarial function at R Systems International Limited. He also previously worked with DLF Limited, where he gained exposure to corporate affairs in a large listed conglomerate environment.

His expertise includes managing listed company compliance, board and shareholder matters, securities regulations, and complex transactions involving cross-border structures and multi-jurisdictional operations.

Governance Updates

Jain will also serve as the Nodal Officer for the company. Under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, he joins Chairman and CEO Rahul Arora and Chief Financial Officer Prarthana Agarwal as Key Managerial Personnel authorized to make disclosures to stock exchanges.

Arora and Agarwal remain authorized to determine the materiality of events or information for disclosure purposes.

Historical Stock Returns for MPS

1 Day5 Days1 Month6 Months1 Year5 Years
-0.87%-1.58%-3.32%+83.80%+16.48%0.0%

How might Piyush Jain's specific expertise in FEMA and cross-border structures influence MPS Limited's strategy for international expansion or foreign investment?

What implications does the transition from Raman Sapra to Piyush Jain have for MPS Limited's ongoing regulatory compliance posture under SEBI Listing Obligations?

Could this leadership change in the compliance function signal any upcoming major corporate actions, such as mergers, acquisitions, or complex restructuring?

More News on MPS

1 Year Returns:+16.48%