NCLT Chennai Passes First Motion Order in MPS–ADI BPO Amalgamation Scheme

M&A / JV 19 Jul 2026 · In regulatory review· ✓ Verified

MPS Limited, a listed IT/BPO services company, filed a Scheme of Amalgamation proposing to merge ADI BPO Services Limited into itself. The National Company Law Tribunal (NCLT), Chennai Bench, has granted the First Motion Order (sometimes called 'Preliminary Order'), a critical procedural milestone that permits the company to convene shareholder meetings and creditor meetings to vote on the scheme. Subsequent to securing the requisite majority votes, the parties must return to NCLT for the Final Order and then seek the Central Government's confirmation. The amalgamation is expected to consolidate BPO/IT service delivery and operational footprint.

Why it mattersA First Motion Order signals NCLT's prima facie satisfaction that the scheme meets statutory grounds under § 230–232 of the Companies Act 2013; the parties must now secure shareholder votes and the company law board's final sanction, a multi-stage gate typical of large-scale domestic M&A.
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