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MPS CEO, MD, chairman, board of directors and AGM

NSE: MPSLTDBSE: 532440Printing & PublicationSmall Cap

Formerly Macmillan India
Last close ₹2,334.00up ₹20.20 (0.87%)BSE ₹2,333.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,313.80.

52-week range of traded prices to 23 Oct 2026
₹1,336.10Low, 9 Mar 2026₹2,979.00High, 10 Aug 2026
Market cap
₹3,992 Cr987th largest listed
P/E
21.2
P/B
6.7
Dividend yield
Nonein the last 12 months
ROE
35.1%
ROCE
36.6%
Debt to equity
0.07
Volume, NSE
19,40957.2% delivered

MPS board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing director and CEORahul AroraRelated to the promoter
  • Company Secretary and Compliance OfficerPiyush Jain

6 directors3 independent1 executive2 non-executive

  • Rahul Arora · Chairperson and managing director and CEOExecutive · joined Aug 2013 · reappointed Aug 2023 · 1 listed board · 3 committee seats
  • Divya VermaIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Jayantika DaveNon-executive · joined Feb 2025 · reappointed Feb 2025 · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
  • Karthik Bhat KhandigeIndependent · joined Jul 2024 · reappointed Jul 2026 · 26 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Suhas KhullarIndependent · joined Jan 2024 · reappointed Jan 2026 · 33 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Atul VohraNon-executive · joined Jul 2026 · reappointed Jul 2026 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • Ruvina Singh, left 30 Jul 2026: Tenure Completion
  • Yamini Tandon, left 3 Feb 2026: Others
  • Ajay Mankotia, left 28 Jan 2025: Tenure Completion
  • Achal Khanna, left 29 Oct 2024: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 Aug 20266 of 6 present3 independent · 26 days in between
    • 29 Jul 20266 of 7 present3 independent · 7 days in between
    • 21 Jul 20267 of 7 present4 independent · 66 days in between
    • 15 May 20266 of 6 present4 independent

  • Audit Committee

    Chair Suhas Khullar

    Rahul Arora, Karthik Bhat Khandige

    • 21 Jul 20263 of 3 present2 independent · 67 days in between
    • 14 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Divya Verma

    Jayantika Dave, Karthik Bhat Khandige

    • 6 Jul 20262 of 3 present2 independent · 62 days in between
    • 4 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Suhas Khullar

    Atul Vohra, Rahul Arora

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Rahul Arora

    Suhas Khullar, Karthik Bhat Khandige

    • 25 Aug 20263 of 3 present2 independent · 49 days in between

  • Corporate Social Responsibility Committee

    Chair Rahul Arora

    Divya Verma, Jayantika Dave

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

MPS AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.MPS dividend history

Annual general meeting, 4 Sep 2026

27,511 shareholders on the register on 28 Aug 2026; present: 1 promoter and 50 others; votes counted by R. Sridharan / R. Sridharan & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements together with Reports of the Board of Directors and Auditors thereon for the financial year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.77% · promoters 100.00% · institutions 72.61% · other public 3.10%

  2. Appointment of Ms. Jayantika Dave (DIN: 01585850), Non-Independent and Non-Executive Director, who retires by rotation and, being eligible, offers herself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.52% · other public 0.01%

    Turnout: all 71.77% · promoters 100.00% · institutions 72.61% · other public 3.10%

  3. Re-Appointment of M/s. Walker Chandiok & Co LLP, Chartered Accountants, as the Statutory Auditors of the Company for a period of 5 years.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.38% · other public 0.00%

    Turnout: all 71.77% · promoters 100.00% · institutions 72.61% · other public 3.10%

  4. Appointment of Mr. Atul Vohra (DIN: 11734775) as a Non-Independent Non-Executive Director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.48% · other public 0.00%

    Turnout: all 71.77% · promoters 100.00% · institutions 72.61% · other public 3.10%

  5. Re-Appointment of Mr. Karthik Bhat Khandige (DIN: 06730563) as an Independent Non-Executive Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.77% · promoters 100.00% · institutions 72.61% · other public 3.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 22 Aug 2026, 1 resolution

27,109 shareholders on the register on 17 Aug 2026; present: 1 promoter and 35 others; votes counted by Kishore P / Kishore P.The company's voting result (opens in a new tab)

  1. Approval of the Scheme of Amalgamation of ADI BPO Services Limited (“Transferor Company”) with MPS Limited (“Transferee Company”) and their respective Shareholders and Creditors pursuant to Sections 230 to 232 of the Companies Act, 2013.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 72.46% · promoters 100.00% · institutions 91.08% · other public 3.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Feb 2026, 2 resolutions

30,479 shareholders on the register on 2 Jan 2026; votes counted by R Sridharan / R. SRIDHARAN & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO APPROVE THE RE-APPOINTMENT OF MR. SUHAS KHULLAR (DIN: 07593659) AS AN INDEPENDENT NON- EXECUTIVE DIRECTOR OF THE COMPANY.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.52% · other public 0.02%

    Turnout: all 75.96% · promoters 100.00% · institutions 79.30% · other public 18.75%

  2. TO APPROVE THE SHIFTING OF THE REGISTERED OFFICE OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.96% · promoters 100.00% · institutions 79.30% · other public 18.75%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Aug 2025, 5 resolutions

30,112 shareholders on the register on 22 Aug 2025; present: 1 promoter and 65 others; votes counted by R. Sridharan / R. Sridharan & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements together with Reports of the Board of Directors and Auditor's thereon for the financial year ended 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.37% · promoters 100.00% · institutions 75.50% · other public 18.50%

  2. Confirmation for payment of Interim Dividend of INR 33/- (Rupees Thirty-Three Only) per Equity Share of INR 10/- each already paid during the year as Interim Dividend for the Financial Year 2024-25 and Declaration of Final Dividend of INR 50/- (Rupees Fifty Only) per Equity Share of INR 10/- each for the Financial Year 2024-25.MoreLess
    Ordinary
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.58%

    Turnout: all 75.38% · promoters 100.00% · institutions 76.17% · other public 18.50%

  3. Appointment of Ms. Yamini Tandon (DIN: 06937633), Non-Independent and Non-Executive Director, who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.66% · other public 0.00%

    Turnout: all 75.38% · promoters 100.00% · institutions 76.17% · other public 18.50%

  4. Appointment of Sridharan & Sridharan Associates, Company Secretaries, as the Secretarial Auditors of the Company for a period of 5 years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.38% · promoters 100.00% · institutions 76.17% · other public 18.50%

  5. Amendment of ‘MPS Limited–Employee Stock Option Scheme 2023’ (“ESOS 2023”/ “Scheme”) in respect of Extension of the Exercise Period in case of Retirement or Death.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.62%

    Turnout: all 75.38% · promoters 100.00% · institutions 76.17% · other public 18.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 31 Mar 2025, 4 resolutions

20,419 shareholders on the register on 27 Feb 2025; votes counted by R Sridharan / M/s. R. Sridharan & Associates.The company's voting result (opens in a new tab)

  1. Consideration and approval for the Proposal for capital raising in one or more tranches by way of issuance of Equity Shares and/or Equity Linked Securities.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.03% · promoters 100.00% · institutions 54.42% · other public 24.91%

  2. Consideration and approval for the appointment of Ms. Divya Verma (DIN:03149607) as an Independent Non-Executive Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.03% · promoters 100.00% · institutions 54.42% · other public 24.91%

  3. Consideration and approval for the appointment of Ms. Jayantika Dave (DIN:01585850) as a Non-Executive Director of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.55% · other public 0.00%

    Turnout: all 77.03% · promoters 100.00% · institutions 54.42% · other public 24.91%

  4. Consideration and approval for the Change in terms and conditions of the Re-appointment and Remuneration payable to Mr. Rahul Arora, as the Chief Executive Officer and Managing Director of the Company.MoreLess
    Special
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 18.06% · other public 0.01%

    Turnout: all 77.03% · promoters 100.00% · institutions 54.42% · other public 24.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Sep 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MS. RUVINA SINGH (DIN: 10352020) AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 71.95% · promoters 100.00% · institutions 70.85% · other public 4.29%

  2. APPOINTMENT OF MR. KARTHIK BHAT KHANDIGE (DIN: 06730563) AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 71.95% · promoters 100.00% · institutions 70.85% · other public 4.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Aug 2024, 3 resolutions

Present: 1 promoter and 60 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements together with Reports of the Board of Directors and Auditor's thereon for the financial year ended 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.70% · promoters 100.00% · institutions 71.98% · other public 6.62%

  2. Confirm the payment of Interim Dividend of INR 30/- (Rupees Thirty Only) per Equity Share of INR 10/- each already paid during the year as Interim Dividend for the financial year 2023-24 and to declare a Final Dividend of INR 45/- (Rupees Forty-Five Only) per Equity share of INR 10/- each for the Financial Year 2023-24.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.74% · promoters 100.00% · institutions 72.96% · other public 6.62%

  3. Appointment of Ms. Yamini Tandon (DIN: 06937633), Non-Executive Director, who retires by rotation and being eligible, offers herself for re-appointment as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.74% · promoters 100.00% · institutions 72.96% · other public 6.62%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 2 Mar 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. SUHAS KHULLAR (DIN:07593659) AS ANnINDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.48% · promoters 100.00% · institutions 77.99% · other public 2.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 4 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Audited Standalone and Consolidated Financial Statements together with Reports of the Board of Directors and Auditors thereon for the financial year ended 31st March, 2026.
    1 for0 against
  • Appointment of Ms. Jayantika Dave (DIN: 01585850), Non-Independent and Non-Executive Director, who retires by rotation and, being eligible, offers herself for re-appointment.
    1 for0 against
  • Re-Appointment of M/s. Walker Chandiok & Co LLP, Chartered Accountants, as the Statutory Auditors of the Company for a period of 5 years.
    1 for0 against
  • Appointment of Mr. Atul Vohra (DIN: 11734775) as a Non-Independent Non-Executive Director of the Company.
    1 for0 against
  • Re-Appointment of Mr. Karthik Bhat Khandige (DIN: 06730563) as an Independent Non-Executive Director of the Company.
    1 for0 against

Mutual fund votes, meeting of 22 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Approval of the Scheme of Amalgamation of ADI BPO Services Limited (“Transferor Company”) with MPS Limited (“Transferee Company”) and their respective Shareholders and Creditors pursuant to Sections 230 to 232 of the Companies Act, 2013.MoreLess
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 6 Feb 2026, 2 fund houses

  • TO APPROVE THE RE-APPOINTMENT OF MR. SUHAS KHULLAR (DIN: 07593659) AS AN INDEPENDENT NON- EXECUTIVE DIRECTOR OF THE COMPANY.
    2 for0 against
  • TO APPROVE THE SHIFTING OF THE REGISTERED OFFICE OF THE COMPANY.
    2 for0 against

Mutual fund votes, meeting of 29 Aug 2025, 2 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements together with Reports of the Board of Directors and Auditor's thereon for the financial year ended 31st March, 2025.
    2 for0 against
  • Confirmation for payment of Interim Dividend of INR 33/- (Rupees Thirty-Three Only) per Equity Share of INR 10/- each already paid during the year as Interim Dividend for the Financial Year 2024-25 and Declaration of Final Dividend of INR 50/- (Rupees Fifty Only) per Equity Share of INR 10/- each for the Financial Year 2024-25.MoreLess
    2 for0 against
  • Appointment of Ms. Yamini Tandon (DIN: 06937633), Non-Independent and Non-Executive Director, who retires by rotation and being eligible, offers herself for re-appointment.
    2 for0 against
  • Appointment of Sridharan & Sridharan Associates, Company Secretaries, as the Secretarial Auditors of the Company for a period of 5 years.
    2 for0 against
  • Amendment of ‘MPS Limited–Employee Stock Option Scheme 2023’ (“ESOS 2023”/ “Scheme”) in respect of Extension of the Exercise Period in case of Retirement or Death.
    2 for0 against

Mutual fund votes, meeting of 31 Mar 2025, 2 fund houses

  • Consideration and approval for the Proposal for capital raising in one or more tranches by way of issuance of Equity Shares and/or Equity Linked Securities.
    2 for0 against
  • Consideration and approval for the appointment of Ms. Divya Verma (DIN:03149607) as an Independent Non-Executive Director of the Company.
    2 for0 against
  • Consideration and approval for the appointment of Ms. Jayantika Dave (DIN:01585850) as a Non-Executive Director of the Company.
    2 for0 against
  • Consideration and approval for the Change in terms and conditions of the Re-appointment and Remuneration payable to Mr. Rahul Arora, as the Chief Executive Officer and Managing Director of the Company.MoreLess
    Against Quantum Mutual Fund
    • Quantum Mutual FundMr. Rahul Arora is the promoter, Chairperson and Managing Director (CMD) of the company. We are of the view that holding dual position of Chairman & MD may lead to concentration of power. Therefore, we do not favour the resolution.
    1 for1 against

Mutual fund votes, meeting of 24 Sep 2024, 1 fund house

  • APPOINTMENT OF MS. RUVINA SINGH (DIN: 10352020) AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY
    1 for0 against
  • APPOINTMENT OF MR. KARTHIK BHAT KHANDIGE (DIN: 06730563) AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY
    1 for0 against

Mutual fund votes, meeting of 8 Aug 2024, 1 fund house

  • Adoption of Audited Standalone and Consolidated Financial Statements together with Reports of the Board of Directors and Auditor's thereon for the financial year ended 31st March, 2024.
    1 for0 against
  • Confirm the payment of Interim Dividend of INR 30/- (Rupees Thirty Only) per Equity Share of INR 10/- each already paid during the year as Interim Dividend for the financial year 2023-24 and to declare a Final Dividend of INR 45/- (Rupees Forty-Five Only) per Equity share of INR 10/- each for the Financial Year 2023-24.MoreLess
    1 for0 against
  • Appointment of Ms. Yamini Tandon (DIN: 06937633), Non-Executive Director, who retires by rotation and being eligible, offers herself for re-appointment as a Director.
    1 for0 against

Mutual fund votes, meeting of 2 Mar 2024, 1 fund house

  • APPOINTMENT OF MR. SUHAS KHULLAR (DIN:07593659) AS ANnINDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.