Mphasis allots over 100,000 shares from employee stock plans

Mphasis Limited, through its ESOP Compensation Committee, approved the allotment of 102,556 shares on November 26, 2025. This allotment is a result of employees exercising their Employee Stock Options Plan 2016 (ESOP 2016) and Restricted Stock Units Plan 2021 (RSU Plan 2021). Specifically, 15,922 shares were allotted under ESOP 2016, and 86,634 shares were allotted under RSU 2021. The company confirmed that the terms and time period for the exercise of these ESOPs and RSUs align with the respective plans previously submitted to the stock exchanges.

For employees who exercised ESOPs under the Cashless Scheme, approved at the 33rd Annual General Meeting on July 25, 2024, the Mphasis Employees Equity Reward Trust ("the Trust") will deduct a suitable number of shares. These deducted shares will cover the exercise price and applicable taxes, with proceeds from their sale used to repay loans from the company and taxes.

Similarly, for the RSU Plan 2021, the Mphasis Employees Benefit Trust ("the Trust") will deduct shares upon vesting/exercise to cover the exercise price and applicable taxes. This deduction is pursuant to shareholder approval obtained under Section 67 of the Companies Act, 2013, at the 30th Annual General Meeting on September 29, 2021. The sale proceeds of these shares will also be utilized by the Trust to repay loans from the company and applicable taxes.