Mphasis allots over 37,000 equity shares to employees

Mphasis Limited announced that its ESOP Compensation Committee approved the allotment of 37,834 equity shares on December 10, 2025. This allotment resulted from employees exercising rights under the Employee Stock Options Plan 2016 (ESOP 2016) and the Restricted Stock Units Plan 2021 (RSU Plan 2021). Specifically, 35,920 shares were allotted under ESOP 2016, and an additional 1,914 shares were allotted under RSU Plan 2021.

For employees who exercised ESOPs under the Cashless Scheme, the Mphasis Employees Equity Reward Trust will deduct shares to cover the exercise price and applicable taxes. Similarly, under the RSU Plan 2021, the Mphasis Employees Benefit Trust will deduct shares to cover the exercise price and taxes upon vesting or exercise. The proceeds from these deducted shares will be used to repay loans from the company and applicable taxes.

These plans operate under Section 67 of the Companies Act, 2013, with shareholder approvals for the Cashless Scheme obtained at the 33rd Annual General Meeting on July 25, 2024. Approval for RSU vesting/exercise was obtained at the 30th Annual General Meeting on September 29, 2021.