Mphasis Limited, a leading IT services and solutions provider, has announced significant developments in its employee stock benefit programs. The company has completed the allotment of shares against the exercise of Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs), while also approving new grants for identified employees.

Share Allotment Through Exercise

The ESOP Compensation Committee of the Board approved the allotment of shares on December 10, 2025, following the exercise of stock options and RSUs by employees. The allotment details are as follows:

The terms and time period of exercise for both ESOPs and RSUs are governed by their respective plans, which have been previously submitted to the stock exchanges.

New Stock Benefits Grant

In addition to the share allotments, the company has granted fresh employee stock benefits comprising 25,000 stock options and 7,500 RSUs to identified employees of the company and its subsidiaries.

Stock Options Grant Details

The 25,000 stock options have been granted under the Employee Stock Option Plan 2016 with the following terms:

Restricted Stock Units Grant Details

The 7,500 RSUs have been granted under the Restricted Stock Units Plan 2021 with these specifications:

Cashless Exercise Provisions

For employees exercising ESOPs under the Cashless Scheme, the Mphasis Employees Equity Reward Trust will deduct appropriate shares from the allotment to cover the exercise price and applicable taxes. This scheme was approved by shareholders under Section 67 of the Companies Act, 2013, at the 33rd Annual General Meeting held on July 25, 2024.

Similarly, for RSUs under the RSU Plan 2021, the Mphasis Employees Benefit Trust will deduct shares to cover exercise price and taxes upon vesting or exercise. This provision was approved at the 30th Annual General Meeting held on September 29, 2021.

Implementation and Governance

Both programs are administered through dedicated employee trusts and comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The proceeds from the sale of deducted shares will be utilized by the respective trusts to repay loans from the company and cover applicable taxes.

These developments demonstrate Mphasis's commitment to employee retention and motivation through equity participation, aligning employee interests with shareholder value creation in the competitive IT services sector.

Mphasis , a leading IT services and solutions provider, has reported its highest quarterly revenue to date, marking significant growth and strategic advancements in the artificial intelligence (AI) domain.

Record-Breaking Financial Performance

Mphasis delivered an impressive financial performance in Q2:

The company's direct business contributed significantly, accounting for 97.5% of overall revenue. Notably, the Banking and Financial Services (BFS) vertical demonstrated robust growth of 13.8% year-over-year, despite the ATM business ramp-down.

Strong Deal Momentum

Mphasis continues to show strong momentum in deal wins:

• Six large deals secured in Q2, including one exceeding $100.00 million from a new BFS client
• First half TCV wins of approximately $1.30 billion, surpassing full-year FY25 TCV wins
• Last 12 months TCV reaching over $2.00 billion

AI-Driven Growth and Innovation

The company is leveraging AI to drive growth and innovation:

• Launched MphasisNeoIP, an AI platform integrating multiple solutions for enterprise transformation
• Pipeline reached record levels, growing 97% year-over-year
• 69% of the pipeline is AI-led, indicating a strong focus on next-generation technologies

Future Outlook

Mphasis has set ambitious targets for the future:

• Expects growth to be greater than 2x industry growth
• Targeting EBIT margin in the 14.75% to 15.75% band

The company's strong performance, coupled with its focus on AI-driven solutions and robust deal pipeline, positions it well for continued growth in the competitive IT services landscape.