Key Quantitative Figures
- ESOP 2016 Grant: 325,460 stock options granted
- Exercise price: ₹2,300 per option
- Each option entitles holder to one equity share of ₹10 face value
- RSU Plan 2021 Grant: 163,040 restricted stock units granted
- Exercise price: ₹10 per RSU
- Each RSU entitles holder to one equity share of ₹10 face value
Dates of Action
- Approval Date: October 7, 2026 (ESOP Compensation Committee resolution)
- Grant Date: October 1, 2026 (for both ESOP and RSU grants)
Vesting and Exercise Terms
ESOP 2016 Terms:
- Vesting period: 5 years from grant date
- Exercise period: 60 calendar months from respective vesting dates
- Vesting proportion: As per committee resolution (details not specified)
RSU Plan 2021 Terms:
- Vesting period: 4 years from grant date with equal proportion vesting
- Exercise mechanism: Automatic exercise for employees subject to US Internal Revenue Code provisions
- Settlement: Mphasis Employees Benefit Trust will settle shares to RSU grantees upon vesting
Regulatory Framework
- Disclosure made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
- Grants governed by SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Both ESOP 2016 and RSU Plan 2021 were previously submitted to stock exchanges with in-principle approval
Parties Involved
- Approving Authority: ESOP Compensation Committee
- Trust: Mphasis Employees Benefit Trust (for RSU settlement)
Additional Information
The information will be available on the company website at www.mphasis.com.