Key Quantitative Figures
- ESOP Grant: 415,060 Employee Stock Options granted
- RSU Grant: 92,400 Restricted Stock Units granted
- ESOP Exercise Price: ₹2,371 per option
- RSU Exercise Price: ₹10 per unit
- Face Value: Each option/RSU entitles holder to one equity share of ₹10 each
Dates of Action
- Grant Date: 20 August 2026
- Committee Approval Date: 20 August 2026
- Disclosure Date: 21 August 2026
Parties Involved
- Approving Authority: ESOP Compensation Committee
- Beneficiaries: Identified employees of the Company
- Trust: Mphasis Employees Benefit Trust (for RSU settlement)
- Regulatory Reference: SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Plan Details
ESOP 2016 Plan:
- Vesting Period: 5 years from date of grant
- Exercise Period: 60 calendar months from respective vesting dates
- Vesting Proportion: As approved by ESOP Compensation Committee
RSU Plan 2021:
- Vesting Period: 4 years from date of grant with equal proportion vesting
- Exercise Mechanism: Automatic exercise for most employees, with shares settled by Mphasis Employees Benefit Trust upon vesting
- Exercise Period: 48 calendar months from respective vesting dates for those not opting for automatic exercise
- Special Provision: Employees subject to U.S. Internal Revenue Code are subject to automatic exercise
Additional Information
The information will be available on the company website at www.mphasis.com.