Mphasis Limited's Board of Directors convened on April 29, 2026, to approve comprehensive corporate actions including audited financial results for Q4 and FY26, dividend recommendations, and key management re-appointments. The meeting, conducted from 7:00 PM to 9:35 PM IST, addressed multiple strategic decisions requiring shareholder approval at the upcoming Annual General Meeting scheduled for July 23, 2026.

Strong Financial Performance

The Board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, pursuant to Regulation 33 of SEBI Listing Regulations. The statutory auditors, M/s B S R & Co. LLP, issued unmodified audit opinions on both standalone and consolidated financial results, confirming compliance with Indian Accounting Standards.

For the complete fiscal year FY26, consolidated revenue reached ₹158,796.47 million with annual net profit of ₹18,626.02 million. The company reported new TCV wins of USD 2.1 billion in FY26, growing 68% year-over-year, with 60% being AI-led initiatives, demonstrating strong business momentum and strategic positioning in emerging technologies.

Dividend Recommendation

The Board recommended a final dividend of ₹62 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the ensuing Annual General Meeting. The dividend payment will be completed within 30 days of AGM approval, with the record date for entitlement set as July 8, 2026. The total estimated cash outflow for dividend distribution amounts to approximately ₹11,831.99 million.

Leadership Re-appointments

Based on recommendations from the Nomination and Remuneration Committee, the Board approved significant management re-appointments. Nitin Rakesh received approval for re-appointment as Chief Executive Officer and Managing Director for five consecutive years effective October 1, 2026, subject to shareholder approval. Additionally, Maureen Anne Erasmus was approved for re-appointment as Independent Director for a second and final term of five years effective December 20, 2026.

Regulatory Compliance & Publications

On May 1, 2026, Mphasis submitted newspaper publications of its Q4 FY26 financial results to BSE and NSE, fulfilling requirements under SEBI Regulations 30 and 47. The results were published in Business Standard (English) and Samyuktha Karnataka (Kannada) newspapers, with complete information also available on the company's website at www.mphasis.com .

The company confirmed it does not qualify as a Large Corporate under SEBI's criteria per circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. Following the investor/analyst call held on April 30, 2026, to discuss the Q4 FY26 financial results, Mphasis Limited has made the audio recording available on its website under the investor relations section.

Annual General Meeting

The Board approved convening the 35th Annual General Meeting through Video Conferencing and Other Audio-Visual Means on July 23, 2026. The meeting will address shareholder approvals for dividend distribution and management re-appointments, ensuring comprehensive corporate governance compliance.

Mphasis Limited has announced the appointment of Richard Miller as Executive Vice President and Global Head of Insurance Business, effective April 27, 2026. The appointment was disclosed to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Addition to Drive Insurance Growth

The appointment represents a strategic move by Mphasis to strengthen its insurance business vertical. According to the company's disclosure, Miller will lead the global insurance strategy, helping carriers modernize operations, transform core business processes, and apply AI to drive measurable business value.

"Banking, Financial Services & Insurance continues to be one of the key growth drivers for Mphasis. I am delighted to welcome Richard to the Mphasis executive leadership team. With his deep expertise in Insurance market, spanning several decades, Richard will play a crucial role in advancing our strategic growth agenda for the sector," said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis.

Executive Profile and Experience

Richard Miller brings extensive experience in enterprise transformation, with the following career highlights:

Miller holds a bachelor's degree in electrical engineering from Lehigh University and has over 35 years of experience leading enterprise transformation for Fortune 500 companies, with a focus on the financial services sector.

Strategic Focus on AI-Led Transformation

In his new role, Miller will focus on helping insurance companies accelerate trusted AI-led transformation. His expertise lies in leading large-scale reinvention programs, seamlessly combining strategy and execution to drive meaningful operational transformation.

"I am thrilled to join Mphasis at an important inflection point for the insurance industry. Insurers are looking for practical ways to apply AI responsibly at scale. Mphasis has built a strong foundation in AI-led delivery, and I look forward to partnering with the leadership team to help our client's achieve their business goals powered by AI-driven innovation," said Richard Miller.

Regulatory Compliance

The appointment details were disclosed in accordance with regulatory requirements:

The company has fulfilled all disclosure requirements under SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, with detailed information available on the company's website at www.mphasis.com .