MPS Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2015, inter alia, has considered and approved the following:
1. Declaration of 2nd Interim Dividend of Rs. 10/- per share for the Financial Year 2014-15.
2. Issue of securities of the Company through Qualified Institutional Placement for an amount aggregating upto Rs. 150 crores [one hundred and fifty crores].
3. Re-appointment of Mr. Nishith Arora as the Managing Director of the Company for a period of three years w.e.f. April 19, 2015 on existing terms and conditions including remuneration.