MPS Limited has filed a regulatory disclosure pursuant to Regulation 30 of SEBI Listing Regulations, intimating the stock exchanges about a postal ballot notice seeking shareholder approval for the re-appointment of Ms. Divya Verma as a Non-Executive Independent Director.

Resolution Details

The postal ballot contains one special resolution:

  • To approve the re-appointment of Ms. Divya Verma as a Non-Executive Independent Director

Voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) for facilitating remote e-voting. The voting timeline is as follows:

  • Cut-off date for determining voting rights: 06 November 2026
  • Remote e-voting commencement: 09:00 AM (IST) on Thursday, 12 November 2026
  • Remote e-voting conclusion: 05:00 PM (IST) on Friday, 11 December 2026
  • Results announcement: Within 2 working days after voting conclusion

Director Background and Qualifications

Ms. Divya Verma was initially appointed on 24 January 2025 for a two-year term expiring on 23 January 2027. She currently serves as:

  • Chairperson of the Nomination and Remuneration Committee
  • Member of the Corporate Social Responsibility Committee

Her educational qualifications include:

  • Diploma in Business Management (HR & Marketing)
  • B.Sc. in Statistics and Econometrics

Professional expertise includes:

  • Leadership consulting and organizational transformation
  • Culture and employee engagement practice
  • Experience across diverse industries in Asia Pacific region
  • Certifications in Hogan Assessments, Gallup StrengthsFinder, and Emotional Intelligence

Skills and Competencies

Ms. Verma possesses the following skills as mapped against the Board's required competencies:

  • Global Business: √
  • Strategy and Planning: √
  • Governance: √
  • Technology & Digital Transformation: √
  • Human Resource & Leadership Development: √

Remuneration Terms

Ms. Verma will receive:

  • Sitting fees for attending Board and Committee meetings
  • Reimbursement of expenses for meeting participation
  • Commission as may be recommended by NRC and approved by Board within Section 197 limits

Document Availability

The postal ballot notice and related documents are available on:

  • Company website: https://www.mpslimited.com/notices-and-voting-results/
  • CDSL website: www.evotingindia.com
  • BSE and NSE websites

Scrutinizer Appointment

Mr. R Sridharan (CP No. 3239-FCS No. 4775) of M/s. R. Sridharan & Associates has been appointed as scrutinizer for the postal ballot process.