Key Quantitative Figures
The ESOP Compensation Committee approved allotment of 1,52,891 Equity Shares on 8 November 2026. The breakdown is:
- 15,500 shares allotted under Employee Stock Options Plan 2016 (ESOP 2016)
- 1,37,391 shares allotted under Restricted Stock Units Plan 2021 (RSU Plan 2021)
Dates of Action
The resolution was passed by the ESOP Compensation Committee on 8 November 2026.
Parties Involved
- Mphasis Employees Equity Reward Trust (for ESOP 2016 Cashless Scheme)
- Mphasis Employees Benefit Trust (for RSU Plan 2021)
- ESOP Compensation Committee
Trust Mechanisms
For employees who exercised ESOPs under the Cashless Scheme (approved at 33rd AGM on 25 July 2024), Mphasis Employees Equity Reward Trust will deduct appropriate number of shares to cover the exercise price funded and applicable taxes. Proceeds from sale of deducted shares will be used to repay loan(s) from the Company and applicable taxes.
For RSU Plan 2021 (approved at 30th AGM on 29 September 2021), Mphasis Employees Benefit Trust will deduct appropriate number of shares to cover exercise price funded and applicable taxes upon vesting/exercise. Proceeds from sale of deducted shares will be used to repay loan(s) from the Company and applicable taxes.
Additional Information
The terms and time period of exercise are as per the already submitted ESOP 2016 and RSU Plan 2021 documents. This information is available on the company website at www.mphasis.com.