MPS Limited has announced that its Board of Directors will convene on February 28, 2025, to deliberate on potential fundraising strategies for the company. This meeting is scheduled in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with the necessary disclosure obligations.

Fundraising Plans Under Consideration

The Board will evaluate multiple options to raise capital, including but not limited to:

• Issuance of equity shares or other equity-linked instruments

• Convertible preference shares and warrants, allowing warrant holders to apply for equity shares

• Preferential allotment or private placement, including Qualified Institutions Placements (QIP)

• Further public issue of equity

These fundraising avenues will be explored under the provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

Regulatory Approvals & Shareholder Consent

Any decision on capital raising will be subject to regulatory and statutory approvals, including the approval of shareholders via postal ballot. The company aims to execute its fundraising initiatives in a manner deemed most beneficial for its business growth and expansion.

Trading Window Closure in Compliance with Insider Trading Regulations

In adherence to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, MPS Limited has closed the trading window for dealing in its equity shares. The restriction applies to designated persons and their immediate relatives, effective immediately. The trading window will reopen 48 hours after the disclosure of the board meeting outcome to the stock exchanges.

Impact on Shareholders & Investors

The fundraising initiative is expected to enhance MPS Limited’s capital structure and business strategy, providing a potential opportunity for investors. The decision on equity securities and private placements will shape the company’s future growth trajectory and create value for stakeholders and shareholders.

Stock Market Implications

With MPS Limited listed on both NSE and BSE, this announcement holds significance for investors tracking the company's stock. Market participants will be closely monitoring the board meeting outcome, as it could impact MPS Limited's stock performance.

Corporate Strategy & Future Prospects

MPS Limited’s decision to explore fundraising options aligns with its expansion goals. By considering QIP, preferential allotments, and other instruments, the company aims to strengthen its market position and drive future growth.

Conclusion

The MPS Limited Board Meeting on February 28, 2025, is a crucial event that could lead to significant financial and strategic developments. The outcome of this meeting will determine the company’s fundraising approach and impact its stock market performance. Investors and stakeholders are advised to stay informed as further details emerge from this corporate decision-making process.

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