The ESOP Compensation Committee approved the allotment via a resolution passed on 16 September 2026.
A total of 64,800 equity shares were allotted against the exercise of options under the Employee Stock Options Plan 2016 (ESOP 2016).
The terms and time period for exercising these ESOPs are governed by the ESOP 2016 plan, which has previously been submitted to the stock exchanges.
For employees who exercised their options under the Cashless Scheme (approved by shareholders under Section 67 of the Companies Act, 2013 at the 33rd Annual General Meeting held on 25 July 2024), the Mphasis Employees Equity Reward Trust (the "Trust") will deduct an appropriate number of the allotted shares. The deduction is to cover the exercise price that was funded and any applicable taxes. The proceeds from the sale of these deducted shares will be used by the Trust to repay the loan(s) taken from the Company and to settle the applicable taxes.
This information is also available on the company's website at www.mphasis.com.