What you see - and where in iPad settings - is not entirely clear. Perhaps you refer to this Location Services setting?
Settings > Privacy & Security > Location Services > System Services > Device Management

This setting is present in iOS/iPadOS 26/27 and earlier major versions - at least as far back as 2023.
Appearance of this setting is entirely consistent across devices; presence of this setting does not imply that a remote management profile or App is (or ever has been) installed on your device. The Device Management toggle controls whether Mobile Device Management (MDM) profiles, if they are installed, can access your device's location during remote configurations or updates.
Insofar as I can establish, for unmanaged devices, you can safely disable this setting should you wish to do so.