Mphasis employees exercise stock options and restricted units

Mphasis Limited, through a resolution by its ESOP Compensation Committee on September 12, 2025, approved the allotment of shares on September 13, 2025. This allocation pertains to the exercise of Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs) under the Employee Stock Options Plan 2016 (ESOP 2016) and Restricted Stock Units Plan 2021 (RSU Plan 2021). A total of 7,000 shares were allotted under ESOP 2016, and 386 shares were allotted under RSU 2021. The terms and period for exercising these options and units align with the respective plans already submitted to the Stock Exchanges.

For employees who exercised ESOPs under the Cashless Scheme, approved by shareholders on July 25, 2024, at the 33rd Annual General Meeting, the Mphasis Employees Equity Reward Trust will deduct shares to cover the exercise price and applicable taxes. The proceeds from the sale of these deducted shares will be used by the Trust to repay any loans from the company and applicable taxes.

Similarly, for the RSU Plan 2021, the Mphasis Employees Benefit Trust will deduct shares upon vesting/exercise of RSUs to cover the exercise price and applicable taxes. This action, pursuant to shareholder approval obtained on September 29, 2021, at the 30th Annual General Meeting, will see the proceeds from the sale of such shares utilized by the Trust to repay loans from the company and applicable taxes.