MPS Ltd

🔍 SEBI Grants Exemptions to Nishith Arora Family Trusts for MPS Ltd Shareholding

- SEBI granted exemption to Nishith Arora Family Trust (NAFT) from open offer requirements for indirect acquisition in MPS Limited, effective 14 February 2020.

- Annual compliance confirmed for NAFT for financial year ended 31 March 2026, with independent auditor certification from Jain Kapil & Associates.

- SEBI also granted exemption to Nishith Arora Family Trust-2 (NAFT-2) for similar indirect acquisition, effective 30 May 2025.

- Annual compliance confirmed for NAFT-2 for financial year ended 31 March 2026, with independent auditor certification from Jain Kapil & Associates.

- Exemptions based on internal family reorganization for succession planning, ensuring no change in control or public shareholding of MPS Limited.

- Key entities involved: MPS Limited (target company), ADI BPO Services Limited (initial promoter holding 67.77%), ADI Media Pvt. Ltd., and Nishith Arora Family Trusts.

- Transactions involved non-commercial transfers of shares within the promoter family, with no consideration paid.