The ESOP Compensation Committee approved the allotment via a resolution passed on 7 September 2026.
A total of 7,800 Equity Shares were allotted under the company's 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 a Cashless Scheme, the process involves the Mphasis Employees Equity Reward Trust. The Trust will deduct an appropriate number of the allotted shares to cover the exercise price it funded and any applicable taxes. The proceeds from the subsequent sale of these deducted shares will be used by the Trust to repay its loan(s) from the company and settle the applicable taxes. This Cashless Scheme was approved by shareholders under Section 67 of the Companies Act, 2013, at the 33rd Annual General Meeting held on 25 July 2024.
The intimation was signed by Mayank Verma, Senior Vice President and Company Secretary (Membership No.: ACS 18776).