Mphasis Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the allotment of equity shares against exercised employee stock options and restricted stock units.

Key Quantitative Figures

The company allotted a total of 11,867 equity shares, with the following breakdown:

  • 10,678 shares allotted under Employee Stock Options Plan 2016 (ESOP 2016)
  • 1,189 shares allotted under Restricted Stock Units Plan 2021 (RSU Plan 2021)

Dates of Action

The ESOP Compensation Committee approved the allotment via resolution passed on 13 June 2026. The disclosure was made to the stock exchanges on 14 June 2026.

Parties Involved

The ESOP Compensation Committee approved the allotment. Mphasis Employees Equity Reward Trust and Mphasis Employees Benefit Trust are involved in the deduction process for shares to cover exercise prices and taxes.

Capital Structure Impact

The allotment of 11,867 equity shares represents a dilution of the company's share capital, though the specific percentage dilution or pre/post allotment share capital figures are not quantified in the disclosure.

Trust Mechanisms

For employees who exercised ESOPs under the Cashless Scheme approved by shareholders at the 33rd Annual General Meeting held on 25 July 2024, Mphasis Employees Equity Reward Trust will deduct appropriate number of shares from the allotted shares to cover the exercise price funded and applicable taxes. The proceeds from the sale of deducted shares will be utilized by the Trust to repay loan(s) from the Company and applicable taxes.

Similarly, under the RSU Plan 2021 approved by shareholders at the 30th Annual General Meeting held on 29 September 2021, Mphasis Employees Benefit Trust will deduct appropriate number of shares to cover the exercise price funded and applicable taxes upon vesting/exercise of RSUs. The proceeds will be utilized to repay loan(s) from the Company and applicable taxes.

Additional Information

The terms and time period of exercise of the ESOPs and RSUs are as per the ESOP 2016 and RSU Plan 2021, which have already been submitted with the Stock Exchanges. This information is also available on the company's website at www.mphasis.com.