MPS Limited has announced a key senior management appointment, bringing on board an experienced legal professional to strengthen its governance and compliance framework. The company disclosed the appointment under regulatory requirements on December 29, 2025.

Key Appointment Details

The company has appointed Mrs. Papinani Radha Rani as General Counsel and Senior Management Personnel, effective from the commencement of business hours on December 29, 2025. The appointment was announced through a regulatory filing pursuant to Regulation 30 of the SEBI Listing Regulations.

Professional Background and Expertise

Mrs. Radha Papinani brings extensive legal expertise to MPS Limited, with over three decades of experience in advising organizations on complex legal, regulatory, and governance matters. Her professional background spans both Indian and international jurisdictions, providing valuable cross-border legal insights.

Her core areas of expertise include:

• Corporate law and regulatory compliance
• Mergers and acquisitions
• Corporate governance frameworks
• Litigation management and legal risk mitigation
• Policy formulation and contract management
• Stakeholder engagement and business continuity matters

Role and Responsibilities

As General Counsel, Mrs. Papinani will oversee MPS Limited's global legal and compliance functions. Her responsibilities will encompass working closely with the Board of Directors, executive management, and various business units to ensure comprehensive governance and regulatory adherence.

Strategic Alignment with Vision 2027

The appointment aligns with MPS Limited's strategic objectives as the organization progresses toward its Vision 2027. Mrs. Papinani's role will be instrumental in supporting the company's strategic priorities while safeguarding business interests and maintaining high standards of corporate governance.

Her extensive experience, strategic mindset, and collaborative leadership approach position her to contribute significantly to the company's next phase of growth and transformation. The appointment reflects MPS Limited's commitment to strengthening its legal and compliance infrastructure as it advances its long-term strategic goals.

MPS Limited has announced the grant of employee stock options under its ESOS 2023 scheme, marking a significant development in the company's employee compensation strategy. The Nomination and Remuneration Committee of the Board of Directors approved this grant.

ESOP Grant Details

The committee has approved the grant of 28,906 employee stock options to eligible employees under the MPS Limited-Employee Stock Options Scheme 2023. This grant represents a substantial allocation aimed at enhancing employee participation in the company's growth.

Pricing and Valuation Structure

The stock options have been granted at a price of ₹1,996.90 per share. This pricing follows a systematic approach based on market dynamics and regulatory requirements.

Vesting and Exercise Framework

The granted options follow a structured vesting and exercise schedule designed to align employee interests with long-term company performance. The vesting mechanism promotes employee retention while providing flexibility for option exercise.

Regulatory Compliance

The ESOP grant has been executed in full compliance with applicable regulations and disclosure requirements. The scheme operates under the framework established by securities market regulators and follows approved terms and conditions.

Key compliance aspects include:

• Adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Compliance with Regulation 30 and Schedule III requirements
• Alignment with SEBI guidelines
• Implementation of terms approved by shareholders under ESOS 2023

MPS Limited has made the requisite disclosures available on its website under the Investors section, ensuring transparency and accessibility for stakeholders. This ESOP grant represents MPS Limited's continued commitment to employee engagement and participation in the company's value creation process.