Exercise of 1988 Stock Options and 519 Restricted Stock Units
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Mphasis has allotted 2,507 equity shares to employees who exercised their stock options under two plans: 1,988 shares from ESOP 2016 and 519 shares from RSU Plan 2021. For employees using the Cashless Scheme (approved by shareholders in July 2024), the Mphasis Employees Equity Reward Trust will deduct shares to cover the exercise price and applicable taxes. Similarly, for RSU Plan 2021, the Mphasis Employees Benefit Trust will deduct shares to cover costs and taxes, using proceeds to repay loans to the company. This is a routine disclosure under SEBI listing regulations.
The issuance of 2,507 shares represents minimal dilution for shareholders. The disclosure is informational and has no immediate impact on the stock price.