Mphasis Limited said its ESOP Compensation Committee has approved the allotment of 1,710 shares on September 1, 2025, under its employee stock option and restricted stock unit plans.
According to a filing with the BSE and National Stock Exchange of India dated September 2, 2025, the allotment comprised 550 shares under the Employee Stock Options Plan 2016 (ESOP 2016) and 1,160 shares under the Restricted Stock Units Plan 2021 (RSU Plan 2021).
The filing states that for employees exercising ESOPs under the cashless scheme approved by shareholders at the 33rd Annual General Meeting held on July 25, 2024, the Mphasis Employees Equity Reward Trust will deduct appropriate shares to cover the exercise price and applicable taxes. The proceeds from the sale of such deducted shares will be utilized to repay loans from the company and applicable taxes.
Similarly, under the RSU Plan 2021, the Mphasis Employees Benefit Trust will deduct appropriate shares to cover the exercise price and applicable taxes upon vesting of RSUs, pursuant to shareholder approval obtained at the 30th Annual General Meeting held on September 29, 2021.