Mphasis Limited has granted 10,000 stock options to an identified employee under its Employee Stock Option Plan 2016 (ESOP 2016). The company informed stock exchanges about this development on 19 January 2026, following the approval by the ESOP Compensation Committee of the Board of Directors.

Grant Details and Terms

The stock option grant carries specific terms and conditions that govern the employee's participation in the equity reward program. The following table outlines the key parameters of the grant:

Each option entitles the holder to apply for one equity share of the company. The vesting structure ensures that the options become exercisable gradually over the five-year period, providing long-term incentive alignment between the employee and the company's performance.

Administration and Compliance

The Employee Stock Option Plan 2016 will be administered through Mphasis Employees Equity Reward Trust. The shares arising from the exercise of these stock options are proposed to be allotted in accordance with the established ESOP framework. The grant operates under the provisions of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ESOP 2016 Plan was previously submitted to the exchanges at the time of obtaining in-principle approval, ensuring regulatory compliance for the current grant.

Corporate Structure

Mphasis Limited, with its registered office at Bagmane World Technology Centre in Bangalore, operates under CIN: L30007KA1992PLC025294. The company maintains its investor relations through established communication channels and continues to adhere to listing and SEBI regulations for all equity-related transactions and disclosures.

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.