BSECompany Update4d ago · 7 Aug 2026, 09:36 pm

Completion of the Merger of American Journal Experts, LLC, Delaware, with and into MPS North America LLC.

MPS Ltd · 532440

✦ AI SummaryM&A

MPS Ltd announces the completion of the merger of American Journal Experts, LLC, Delaware, with and into MPS North America LLC, effective August 3, 2026. The merger is part of the company's internal restructuring, aimed at streamlining operations, enhancing management oversight, and driving greater operational efficiency. The merger supports revenue growth and enhances profitability through the optimization of administrative, operational, and marketing expenses.

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Earnings Impact5/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10

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MPS Ltd - 532440 - Announcement under Regulation 30 (LODR)-Restructuring

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Ref: MPSL/SE/50/2026-27 Date: 07 August 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot no. C/1, Department of Corporate Services G Block, Bandra – Kurla Complex, Bandra (East), Phiroze Jeejeebhoy Towers Mumbai - 400 051, India Dalal Street, Mumbai- 400001, India Symbol: MPSLTD Scrip Code: 532440 ISIN: INE943D01017 ISIN: INE943D01017 Dear Sirs, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), and with reference to our earlier intimations dated 15 May 2025 and 01 August 2026 regarding the two-step merger involving MPS North America LLC, American Journal Experts, LLC, North Carolina, and American Journal Experts, LLC, Delaware, we wish to inform you that, pursuant to the confirmation received today from the relevant State authority, the Second Merger involving the merger of American Journal Experts, LLC, Delaware with and into MPS North America LLC became effective on 03 August 2026, in accordance with the terms of the Agreement and Plan of Merger and applicable law. Consequent upon the Second Merger, MPS North America LLC is the surviving entity and has succeeded to all the assets, rights, liabilities and obligations of American Journal Experts, LLC, Delaware, including those acquired pursuant to the First Merger. The information required to be disclosed under Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026, is enclosed herewith as “Annexure-A”. The above disclosures are also being made available on the Company's website, www.mpslimited.com, under the Investors section. This is for your information and records. Yours Faithfully, For MPS Limited Raman Sapra Company Secretary and Compliance Officer Encl: As above www.mpslimited.com Registered Office: Block-B6, 3rd Floor, Gateway Office Parks, No. 16, G.S.T Road, Perungalathur, Chennai, Tambaram, Kanchipuram, Tamil Nadu-600063, Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795 “Annexure-A” Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30 January 2026: S.No. Particulars Details a. Name of the entity(ies) forming part Pursuant to the completion of the First Merger of the amalgamation/merger, on 01 August 2026, American Journal Experts, details in brief such as size, LLC, Delaware ("AJE-DE") became the surviving turnover etc. entity and succeeded to the business, assets, rights, liabilities and obligations of American Journal Experts, LLC, North Carolina ("AJE- NC"). Thereafter, pursuant to the Second Merger, AJE-DE merged with and into MPS North America LLC, Florida ("MPS NA"), with MPS NA continuing as the surviving entity. The Company has received confirmation today from the relevant State authority that the Second Merger became effective on 03 August 2026. Revenue from Operations for the financial year ended 31 March 2026. S. No. Name of Entity Amount (in Lacs) 1 MPS NA 11,449.47 2 AJE-DE NIL b. Whether the transaction would fall The transaction is an intra-group restructuring within related party transactions? If involving wholly owned subsidiaries of MPS yes, whether the same is done at Limited whose accounts are consolidated with “arm’s length”. the Company. Accordingly, the transaction is exempt under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction has been undertaken pursuant to the Agreement and Plan of Merger and in accordance with the applicable laws governing the relevant jurisdictions. c. Area of business of the entity(ies) American Journal Experts, LLC, Delaware (“AJE-DE”) is a Special Purpose Vehicle and a wholly-owned subsidiary of MPS North America LLC, forming part of the AJE business. MPS North America LLC (“MPS NA”) is engaged in content creation and development, production, AI-enabled services, research and permissions, project management and media asset development for K12, Higher Education, Academic and STM publishers, ed-tech companies and schools. www.mpslimited.com Registered Office: Block-B6, 3rd Floor, Gateway Office Parks, No. 16, G.S.T Road, Perungalathur, Chennai, Tambaram, Kanchipuram, Tamil Nadu-600063, Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795 d. Rationale for The merger is undertaken as part of an internal amalgamation/merger restructuring of the Company's subsidiaries. Given the alignment in business activities across the entities, the consolidation is aimed at streamlining operations, enhancing management oversight, and driving greater operational efficiency. The merger supports revenue growth and enhances profitability through the optimization of administrative, operational, and marketing expenses. e. In case of cash consideration – No cash consideration was involved in the amount or otherwise share Second Merger. Pursuant to the Second exchange ratio Merger, the outstanding membership interests of AJE-DE were cancelled and extinguished, with all its assets, rights, liabilities and obligations vesting in MPS NA in accordance with the terms of the Agreement and Plan of Merger and applicable law. f. Brief details of change in There is no change in the shareholding pattern shareholding pattern (if any) of of MPS Limited, being the listed entity, listed entity pursuant to the merger. The transaction relates to the merger of entities at the subsidiary level and does not involve any issue or transfer of equity shares of MPS Limited. www.mpslimited.com Registered Office: Block-B6, 3rd Floor, Gateway Office Parks, No. 16, G.S.T Road, Perungalathur, Chennai, Tambaram, Kanchipuram, Tamil Nadu-600063, Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795