MPS Limited — Capital/Financing Update 2020

Oct 13, 2020

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Date: October 13, 2020

To,

National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot no. C/1, G Block, Bandra – Kurla Complex, Bandra (East), Mumbai - 400 051, India Symbol:MPSLTD ISIN:INE943D01017	BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400001, India Scrip Code:532440 ISIN:INE943D01017

Dear Sir/ Madam,

Sub: Completion of extinguishment of 5,66,666 (Five Lakhs Sixty Six Thousand Six Hundred and Sixty Six) equity shares of face value of INR 10 each (“Equity Shares”) at a price of INR 600.00 (Indian Rupees Six Hundred only) by MPS Limited (the “Company”) for an amount not exceeding INR 34,00,00,000 (Indian Rupees Thirty Four Crores only) under tender offer route pursuant to the provisions of the SEBI (Buy-back of Securities) Regulations, 2018, (the “SEBI Buyback Regulations”) and the Companies Act, 2013 (the “Companies Act”), each as amended (the “Buyback”)

Pursuant to the public announcement dated August 12, 2020 published on August 13, 2020 (" Public Announcement ") and the letter of offer dated September 8, 2020 (" Letter of Offer "), the tendering period for the Buyback opened on Wednesday, September 16, 2020 and closed on Tuesday, September 29, 2020. In accordance with the provisions of Regulation 11 (iv) of the SEBI Buyback Regulations, the following are the details of the Equity Shares bought back by the Company during the tendering period and extinguished:

Equity share capital before the said extinguishment (Number of Equity Shares)	Number of Equity Shares extinguished and destroyed	Equity share capital after the said extinguishment (Number of Equity Shares)
1,86,16,926	5,66,666	1,80,50,260

We hereby confirm that all the above 5,66,666 Equity Shares were in demat form and accordingly have been extinguished and destroyed in the manner suggested under regulation 11(ii) of SEBI Buyback Regulations.

Since no Equity Shares were bought back in physical form, extinguishing and physically destroying the Equity Shares as provided under Regulation 11(i) of the SEBI Buyback Regulations was not applicable.

In accordance with the provisions of Regulation 11 of the SEBI Buyback Regulations a copy of the letter no. II/CA/COM/41832/2020 dated October 12, 2020 received from National Securities Depository Limited confirming the extinguishment of 5,66,666 Equity Shares is enclosed herewith as Annexure I ;

The reconciliation statement of equity share capital of the Company, pre-Extinguishment and postExtinguishment, is as under:

Particulars	Pre-Extinguishment	Post-Extinguishment
Authorised share capital Issued, subscribed and fully paid up share capital	INR 20,00,00,000 (2,00,00,000 EquityShares)	INR 20,00,00,000 (2,00,00,000 EquityShares)
	INR 18,61,69,260 (1,86,16,926 EquityShares)	INR 18,05,02,600 (1,80,50,260 EquityShares)

www.mpslimited.com

Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032 (INDIA), Tel: +91 44 49162222 Fax: +91 44 49 16 2225 Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795

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The pre-Buyback and the post-Buyback shareholding pattern of the Company as published in the postBuyback public advertisement dated October 8, 2020 and published on October 9, 2020 has been reproduced below for ease of reference.

	Pre-Buyback	Pre-Buyback	Post Buyback~~#~~	Post Buyback~~#~~
				% to the
		% to the
				post-
		existing
Particulars	No. of Equity		No. of Equity	Buyback
		Equity
	Shares		Shares	Equity
		Share
				Share
		Capital
				Capital
Promoters and persons acting in concert (collectively“the Promoters”)	1,26,16,996	67.77	1,22,71,608	67.99
Foreign Investors (Including Non-Resident Indians,FIIs)	15,40,499	8.27	57,78,652	32.01
Financial Institutions/Banks & Mutual Funds promoted by Banks/Institutions and Insurance Companies	6,51,345	3.50
Others(Public,Public Bodies Corporate etc.)	38,08,086	20.45
Total	1,86,16,926	100.00	1,80,50,260	100.00

~~#~~ After extinguishment of 5,66,666 Equity Shares accepted in the Buyback

The terms used but not defined in this letter shall have the same meaning as assigned in the Public Announcement and the Letter of Offer.

We request you to please take the same on record.

For MPS Limited

Digitally signed by Sunit Malhotra DN: cn=Sunit Malhotra, o=MPS Limited, Sunit Malhotra ou=CS and CFO, email=sunit.malhotra@mpslimited.com, c=IN Date: 2020.10.13 14:47:44 +05'30'

Sunit Malhotra CFO & Company Secretary

Encl : a/a

www.mpslimited.com

Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032 (INDIA), Tel: +91 44 49162222 Fax: +91 44 49 16 2225 Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795

October 12, 2020

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Ref : II/CA/COM/41832/2020

Mr. K. Ramchandran

Sr. Manager - Compliance MPS Limited 315/316, Raheja Chambers 12, Museum Road Bangalore - 560 001

Sub : Buy-back (tender offer)

Dear Sir,

As per the corporate action(s) executed by your R&T Agent/Registry Division viz; Cameo Corporate Services Ltd , Equity Shares were credited/debited to the account(s) in the NSDL system, details of which are given below :

below :
ISIN	ISIN Description	D/C	Records	Quantity	Execution Date
INE943D01017	MPS LIMITED EQ	Debit	1	566,666.000	12/Oct/2020

You may contact your R&T Agent/ Registry Division for further details in this regard.

Yours faithfully,

Rakesh Mehta Vice President

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