Announced Mon, 20 Jul · 23:37 IST
Mphasis addendum to 35th AGM notice clarifies CEO remuneration terms
Board & Shareholder Meetings View source PDF
MPHASIS · price
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AI summary
Mphasis issued an addendum to its 35th AGM notice (July 23, 2026) clarifying the remuneration of CEO and MD Nitin Rakesh, whose re-appointment for 5 years from October 1, 2026 is on the agenda. His total annual pay plus stock compensation is capped at 5% of net profits. If stock options or RSUs exercised in a single year push total remuneration above 5%, shareholder approval is sought to allow up to 7% of net profits.
Likely market impact
Brings transparency to CEO pay; shareholders will vote on the special resolution at the AGM on July 23, 2026.