Mphasis Ltd

Tax rectification and revised demand

• Rectification order under Section 154 issued Oct 9, 2026; demand revised to ₹2,417.80 crore.
• Original demand ₹2,286.86 crore; increase due to interest under Section 220.
• Company evaluating legal remedies and intends to file appropriate rectification petition.
• Company does not expect material impact on financial statements.

Certificate under Reg 74(5) filing

• Certificate under Regulation 74(5) submitted by the registrar and share transfer agent.
• Intimation available on the company website.

Target and disclosing party

• Target Company: MphasiS Limited.
• Disclosing Party: HDFC Mutual Fund and related schemes; promoter status not disclosed.

Transaction type and pre-transaction holding

• Transaction Type: Acquisition of voting rights in shares.
• Pre-Transaction Holding: 95,41,647 shares, 5.00%.

Transaction details

• Shares acquired: 39,31,815; 2.06% of total share/voting capital.
• Mode: Open Market; Instrument: Equity shares.

Post-transaction holding

• Post-Transaction Holding: 1,34,73,462 shares, 7.06%.

Date and capital context

• Date of transaction: October 08, 2026.
• Equity share capital before: Rs. 1,90,87,31,370; 19,08,73,137 shares.
• Equity share capital after: Rs. 1,90,87,31,370; 19,08,73,137 shares.
• Total diluted share/voting capital: Not disclosed.

Subject

• Hosted a global quantum computing challenge to accelerate innovation in airline operations.

Key developments

• Phase-1 screened 22 IIT teams; Phase-2 included Calgary and Lethbridge teams.
• Winners receive cash prize and joint recognition from Copa Airlines and Mphasis.
• Launched two quantum-powered offerings: QOptiDecision and qCryptsec.
• Focus on disruption management—passenger re-accommodation using quantum optimization.

Meeting Details

• Board meeting scheduled for November 5, 2026, in New York, USA.

Key Agenda Items

• Approve audited standalone and consolidated results for quarter and half-year ended Sept 30, 2026.
• Take on record the Auditor's Report on these results.

Other Notes

• Trading window closed from Sept 23, 2026 to Nov 7, 2026; opens Nov 8, 2026.
• Earnings conference call scheduled for Nov 6, 2026 at 8:30 AM IST; details to be published.

MphasiS Limited trading window closure from Wednesday, September 23, 2026; will reopen 48 hours after the declaration of financial results of the Company for the quarter and half year ended September 30, 2026.

Meeting Details

• Date: September 21, 2026; Time: not disclosed.
• Type/Mode: One-on-One and Group; In-person; Location: Mumbai.
• Event: J.P. Morgan India Conference.
• Company participants: not disclosed.
• Purpose: investor interaction during institutional conference.

ESOP exercise update

• ESOP Compensation Committee approved allotment of 64,800 equity shares on 16 September 2026.
• For cashless exercises, the Trust will deduct shares to cover exercise price and taxes.
• Proceeds from deducted shares will repay company loans and applicable taxes.
• Terms of ESOP exercise are per ESOP 2016 and already submitted to exchanges.

Event details

• TrackShift 2026 hosted Sept 12-13, 2026 at Plaksha University campus.
• 180+ undergraduate and postgraduate student innovators participated from across India.
• Over 3600 applications were received, including from IITs and NITs.
• Top prizes of ₹1,00,000, ₹50,000 and ₹25,000 awarded.
• Winning teams receive internships at Mphasis and a sponsored visit to TGR Haas F1 Team facility.
• Solutions will be published in TrackShift open repository for industry and academia.

Subject

• MOU covers maintenance of Pier Nos. BP-382 to BP-437 along Bengaluru metro corridor.

CSR context

• Initiative is part of Mphasis CSR focusing on environmental sustainability and community priorities.

Foundation milestone

• SGBS Unnati Foundation listed on NSE and BSE Social Stock Exchanges in 2023.

Environmental commitments

• 100,000 trees to be planted at Doddasagare Botanical Garden.
• 1,200 percolation wells to be established in Bengaluru.
• 153 million litres of rainwater to be conserved by 2026.