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Mphasis Allots 7,386 Shares Under ESOP and RSU Plans

Mphasis Allots 7,386 Shares Under ESOP and RSU Plans

September 15, 2025 / 14:38 IST
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Mphasis Limited's board has approved the allotment of 7,386 shares under its Employee Stock Options Plan (ESOP) 2016 and Restricted Stock Units (RSU) Plan 2021, according to a resolution dated September 12, 2025. The decision was made by the ESOP Compensation Committee of the Board on September 13, 2025.

 

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The allotment includes 7,000 shares under the ESOP 2016 plan and 386 shares under the RSU Plan 2021. The terms and time period for the exercise of these ESOPs and RSUs are as per the respective plans, which have already been submitted to the Stock Exchanges.

 

Share Allotment Details
PlanShares Allotted
ESOP 20167,000
RSU 2021386

 

The company has also noted that for employees who have exercised ESOPs under the Cashless Scheme approved by shareholders as per Section 67 of the Companies Act, 2013, at the 33rd Annual General Meeting held on July 25, 2024, the Mphasis Employees Equity Reward Trust will deduct shares to cover the exercise price and applicable taxes. The proceeds from the sale of these deducted shares will be used to repay loans from the company.