Mphasis Limited has announced the allotment of shares under its Employee Stock Options Plan 2016 (ESOP 2016) and Restricted Stock Units Plan 2021 (RSU Plan 2021), following the approval by the ESOP Compensation Committee of the Board on September 1, 2025. This decision was made based on a resolution also dated September 1, 2025.
The allotment includes 550 shares under the ESOP 2016 plan and 1,160 shares under the RSU Plan 2021.
| Plan | Shares allotted |
|---|---|
| ESOP 2016 | 550 |
| RSU 2021 | 1,160 |
The terms and time period for the exercise of these ESOPs and RSUs are in accordance with the ESOP 2016 and RSU Plan 2021, which have already been submitted to the Stock Exchanges.
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 from the allotted amount. This deduction will cover the exercise price and applicable taxes, with the proceeds from the sale of these shares used to repay the loan(s) from the Company and applicable taxes.
Additionally, regarding the RSU Plan 2021, the Mphasis Employees Benefit Trust will deduct shares from the RSU Plan 2021 allotment to cover the exercise price and applicable taxes upon the vesting/exercise of RSUs. This action follows shareholder approval obtained under Section 67 of the Companies Act, 2013, at the 30th Annual General Meeting held on September 29, 2021. The proceeds from the sale of these deducted shares will be utilized by the Trust to repay the loan(s) from the Company and the applicable taxes.
The details were confirmed in an official release by Mayank Verma, Senior Vice President and Company Secretary of Mphasis Limited.
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