Mphasis has partnered with the Indian School of Business (ISB) to establish the 'Mphasis AI Hub', a cross-functional collaboration aimed at accelerating AI-led research, innovation, and capacity building for societal and sectoral impact. The initiative is supported by the Mphasis F1 Foundation, which will invest approximately INR 20 crore over four years in Phase 1 to advance research and applied AI solutions.

The partnership will focus initially on the healthcare and finance sectors, with plans to expand into other priority sectors. A dedicated AI research hub will be established at ISB to serve as a platform for interdisciplinary research and multi-stakeholder collaboration. The hub aims to advance responsible AI innovation by addressing real-world challenges, enabling the adoption and evaluation of AI solutions, and strengthening digital literacy among stakeholders.

Key Objectives of the Partnership

The Mphasis AI Hub will concentrate on several core areas to drive impact:

• Advancing research that addresses real-world challenges in financial and healthcare sectors.
• Enabling the responsible adoption, evaluation, and impact assessment of AI solutions in live environments.
• Strengthening digital literacy and institutional capacity among relevant stakeholders.
• Fostering wider knowledge-sharing through repositories, partnerships, and annual convenings.

Additionally, the hub will focus on building frameworks to assess the tangible business value and long-term sustainability of AI deployments. It will also generate policy insights, create AI learning resources, support faculty-led pedagogical innovations, and sustain collaboration across academia, industry, and government.

Strategic Investment and Sector Focus

The Mphasis F1 Foundation's commitment of approximately INR 20 crore over four years underscores the strategic importance of this initiative. The investment is designed to fuel research and development in applied AI solutions. The following table outlines the key parameters of the partnership:

Deepa Nagraj, Senior Vice President & Global Head - ESG, Sparkle Innovation Ecosystem, and Communications at Mphasis, highlighted the significance of the collaboration. "As AI continues to reshape industries and redefine how organisations operate, this research platform, combined with ISB's academic expertise, will advance responsible, informed decision-making," she said.

Professor Madan Pillutla, Dean of ISB, emphasized the institution's commitment to innovation. "The partnership will help strengthen ISB's commitment to building knowledge that helps shape India's future through innovation, inclusion, and evidence-based decision-making," he stated.

The Mphasis AI Hub represents a step forward in ISB's mission to advance evidence-led research and harness technology for national development. By combining ISB's academic expertise with Mphasis' leadership in technology, the initiative aims to unlock new possibilities at the intersection of AI, innovation, and societal impact.

BCP Topco IX Pte. Ltd, a promoter of Mphasis Limited , has pledged its entire shareholding to secure a new term loan facility. The disclosure, submitted to the stock exchanges on May 19, 2026, confirms the creation of a first-ranking exclusive pledge over 5,82,99,642 equity shares. This stake represents 30.55% of the total share capital of the IT services company. The encumbrance was created in favor of Catalyst Trusteeship Limited, acting as the Onshore Security Agent for the lenders.

Refinancing Arrangement

The promoter entered into a facility agreement dated May 12, 2026, to avail term loan facilities of up to USD 550,000,000. This new facility, referred to as the 2026 Facility, was utilized to fully repay the previous 2021 Facility, which amounted to USD 1,100,000,000. The repayment of the prior loan occurred on May 15, 2026, leading to the release of the encumbrances previously held in favor of the 2021 lenders. The proceeds from the 2026 Facility are designated for refinancing existing financial indebtedness, payment of dividends to shareholders, and covering associated fees and expenses.

Security Agents and Lenders

Catalyst Trusteeship Limited serves as the Onshore Security Agent. Additionally, covenants in the nature of encumbrance were agreed upon with Deutsche Bank AG, Singapore Branch, acting as the Agent, and DB International Trust (Singapore) Limited, acting as the Offshore Security Agent. The list of lenders under the 2026 Facility Agreement includes Citibank, N.A., Barclays Bank PLC, MUFG Bank, Ltd., The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley Bank, N.A., BNP Paribas, Deutsche Bank AG, J.P. Morgan Securities PLC, and Nomura Singapore Limited.

Shareholding and Security Details

The disclosure confirms that BCP Topco IX Pte. Ltd holds 5,82,99,642 shares in Mphasis Limited. All of these shares are now encumbered to secure the 2026 Facility. The total equity share capital of Mphasis Limited is reported as 190,819,570 equity shares of Rs. 10/- each, aggregating to Rs. 1,908,195,700. The total diluted share capital stands at 192,708,283 equity shares.

The transaction does not result in any change in the promoter's shareholding within Mphasis Limited, as the pledge serves solely as security for the new financial arrangements.

Source: None/Company/INE356A01018/dc7bf15a-1ece-4e5e-9283-264f4970f2f9.pdf