News ArticleMphasis Allots 1,52,891 Equity Shares Following Employee Stock Options and RSU Exercises
Shares allotted under ESOP 2016 and RSU Plan 2021 as per Committee resolution dated 8 November 2026
Mphasis Limited allotted a total of 1,52,891 equity shares following the exercise of Employee Stock Options and Restricted Stock Units as approved by its ESOP Compensation Committee on 8 November 2026 under its 2016 and 2021 employee benefit plans.
Mphasis Limited
Corporate Action
On 8 November 2026, Mphasis Limited's ESOP Compensation Committee approved the allotment of 1,52,891 equity shares upon exercise of employee stock options and restricted stock units under its 2016 and 2021 employee benefit plans.
The allotment includes 15,500 shares under the Employee Stock Options Plan 2016 (ESOP 2016) and 1,37,391 shares under the Restricted Stock Units Plan 2021 (RSU Plan 2021).
The exercise terms and timelines follow those established in the ESOP 2016 and RSU Plan 2021, previously submitted to the stock exchanges.
For employees exercising ESOPs under the cashless scheme approved at the 33rd Annual General Meeting on 25 July 2024, the Mphasis Employees Equity Reward Trust will deduct shares to cover the exercise price and applicable taxes, with proceeds used to repay company loans and taxes.
Similarly, under the RSU Plan 2021, the Mphasis Employees Benefit Trust will deduct shares to cover exercise price and taxes as per shareholder approvals at the 30th Annual General Meeting on 29 September 2021, using proceeds to repay loans and taxes.
Highlights
- Total equity shares allotted: 1,52,891
- Shares from ESOP 2016: 15,500
- Shares from RSU Plan 2021: 1,37,391
- Deduction of shares by company trusts to cover exercise prices and taxes under approved cashless schemes
- Shareholder approvals obtained in 2021 and 2024 Annual General Meetings
Key Data Snapshot
What happened
- Mphasis ESOP Compensation Committee approved allotment of 1,52,891 equity shares on 8 November 2026.
- Shares allotted against exercise of employee stock options (15,500 shares) and restricted stock units (1,37,391 shares).
Key details
- Exercise terms and schedule adhere to the ESOP 2016 and RSU Plan 2021 documents already filed with stock exchanges.
- Shares will be deducted by respective company trusts under approved cashless schemes to cover exercise price and taxes.
- Proceeds from deducted shares will be used to repay company loans and applicable taxes.
Regulatory and governance context
- Cashless schemes were approved by shareholders under Section 67 of the Companies Act, 2013.
- ESOP cashless scheme approved at 33rd Annual General Meeting on 25 July 2024.
- RSU Plan approved at 30th Annual General Meeting on 29 September 2021.
Highlights
- Total equity shares allotted: 1,52,891
- Shares from ESOP 2016: 15,500
- Shares from RSU Plan 2021: 1,37,391
- Deduction of shares by company trusts to cover exercise prices and taxes under approved cashless schemes
- Shareholder approvals obtained in 2021 and 2024 Annual General Meetings
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 67 of the Companies Act, 2013
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