MPS Limited Initiates Postal Ballot Process for Director Re-appointment and Office Relocation

MPS Limited has formally initiated the postal ballot process for seeking shareholder approval on two key resolutions previously approved by the Board of Directors on December 24, 2025. The company has commenced the remote e-voting process for the re-appointment of independent director Suhas Khullar and the relocation of its registered office within Chennai.

Postal Ballot Process Launched

The company dispatched the postal ballot notice on January 6, 2026, to all shareholders whose email addresses are registered with the registrar and share transfer agent or depository participants. The notice has been made available on multiple platforms including the company's website, stock exchange websites, and CDSL's portal.

Voting Details	Information
Voting Period	January 8, 2026 (9:00 AM) to February 6, 2026 (5:00 PM)
Cut-off Date	January 2, 2026
Scrutinizer	Mr. R. Sridharan (COP No. 3239, FCS No. 4775)
E-voting Platform	CDSL
Notice Dispatch Date	January 6, 2026

Director Re-appointment Resolution

The first special resolution seeks approval for the re-appointment of Mr. Suhas Khullar (DIN: 07593659) as Independent Non-Executive Director for a second consecutive term. His current tenure expires on December 31, 2025, having served his first term from January 1, 2024.

Director Details	Information
Name	Mr. Suhas Khullar
DIN	07593659
Current Position	Independent Non-Executive Director
Proposed Term	January 1, 2026 to December 31, 2030
Committee Roles	Chairman of Audit Committee, Member of Risk Management Committee
Experience	20+ years across consumer tech startups, private equity, and consulting

Mr. Khullar brings extensive experience from his roles at EY, Ares India Private Equity Fund, Shuttl, and currently serves as CFO at Loco. His professional background spans financial management, strategic planning, and risk management across multiple sectors.

Registered Office Relocation

The second special resolution pertains to shifting the company's registered office to a new location within Chennai, maintaining jurisdiction under the same Registrar of Companies. The relocation is driven by operational efficiency and business continuity considerations.

Relocation Parameters	Details
Current Address	RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032
New Address	Block-B6, 3rd Floor, Gateway Office Parks, No. 16, G.S.T. Road, Perungalathur, Chennai-600063
Effective Date	April 1, 2026
Jurisdiction	Same Registrar of Companies
Rationale	Administrative convenience, operational efficiency, enhanced facilities

The new premises offer significantly larger office space, improved infrastructure, and enhanced facilities to support customer interactions and stakeholder engagement, aligning with the company's growth and expansion plans.

E-voting Process and Timeline

Shareholders can cast their votes exclusively through the remote e-voting platform provided by CDSL. The voting rights are based on the paid-up value of equity shares held as on the cut-off date of January 2, 2026. Physical dispatch of postal ballot forms has been dispensed with in compliance with MCA circulars.

Process Details	Information
Voting Method	Remote e-voting only
Platform Access	www.evotingindia.com
Result Declaration	Within 2 working days after voting ends
Stock Exchange Intimation	NSE and BSE
Company Website	www.mpslimited.com

The results of the postal ballot, along with the scrutinizer's report, will be announced within two working days of the voting period's conclusion and communicated to the stock exchanges where the company's shares are listed.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.51%	-3.43%	-5.69%	-33.46%	+2.19%	+435.97%

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.

Parameter	Details
Total Options Granted	28,906
Scheme	MPS Limited-Employee Stock Options Scheme 2023
Eligible Recipients	Company employees

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.

Pricing Details	Specification
Grant Price	₹1,996.90 per share

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.

Vesting & Exercise Terms	Details
Vesting Period	Equal vesting over 4 annual periods
Exercise Window	Maximum 5 years from vesting date
Vesting Structure	25% per year over 4 years
Exercise Flexibility	Within maximum exercise period

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.