MPS North America LLC (MPS NA), a Florida limited liability company and subsidiary of MPS, has completed the first step of a comprehensive two-step merger transaction involving multiple entities. According to reports from Business Standard, the merger was executed through a structured process involving American Journal Experts, LLC, North Carolina (AJE-NC) and American Journal Experts, LLC, Delaware (AJE-DE). The transaction consolidates American Journal Experts, LLC, North Carolina into American Journal Experts, LLC, Delaware, with AJE-DE continuing as the surviving entity following this merger, with AJE-NC's separate existence ceasing upon effectiveness.
The first merger was completed on August 1, 2026, when AJE-NC merged with and into AJE-DE. As reported by Business Standard, AJE-DE continued as the surviving entity following this merger, with AJE-NC's separate existence ceasing upon effectiveness. The surviving entity assumed all rights, privileges, powers, assets, debts, liabilities and obligations of AJE-NC in accordance with applicable law and the terms of the Agreement and Plan of Merger. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The second merger is proposed to become effective following the completion of the first merger, with AJE-DE merging with and into MPS North America LLC. According to Business Standard, MPS North America LLC will continue as the final surviving entity upon completion of this merger. The effectiveness of the second merger will be communicated to stock exchanges in due course in accordance with applicable regulatory requirements. The second step of the merger, involving the merger of AJE-DE with and into MPS North America LLC, is proposed to become effective on a date to be determined in accordance with the Agreement and Plan of Merger and applicable law.
Upon completion of both merger steps, MPS North America LLC is proposed to be the final surviving entity, with the business, assets, rights, liabilities and obligations of AJE-NC and AJE-DE being consolidated into MPS North America LLC. The consolidation brings together significant revenue streams within the US subsidiary structure. With MPS North America LLC generating ₹11,449.47 lakh and AJE-NC contributing ₹10,097.28 lakh in FY26, the merged entity will control a combined revenue base exceeding ₹21,500 lakh before the final legal integration. This structural simplification removes the intermediate special purpose vehicle (AJE-DE) and the separate NC entity, potentially reducing administrative overheads associated with managing multiple distinct legal entities for similar service lines in scientific language editing and content creation.
The merger is part of an internal restructuring of wholly owned subsidiaries whose accounts are consolidated with MPS Limited. As an intra-group transaction, it is exempt from related party transaction norms under Regulation 23 of the SEBI LODR Regulations. The consolidation aligns business activities across the entities, aiming to optimize administrative, operational, and marketing expenses to support revenue growth and profitability. There is no change in the shareholding pattern of MPS Limited resulting from this transaction, with no cash consideration involved. Membership interests of AJE-NC were converted into equivalent interests in AJE-DE during the first merger, and outstanding membership interests of AJE-DE will be cancelled and extinguished in the second merger, with rights reflected in the surviving entity, MPS North America LLC.
