MphasiS Limited has informed the Exchange regarding Allotment of 2507 Shares.
MPHASIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MphasiS Limited has approved the allotment of 2,507 equity shares to employees who exercised their stock options. Of these, 1,988 shares were allotted under the ESOP 2016 plan and 519 shares under the RSU Plan 2021. The company clarified that for employees using the Cashless Exercise Scheme, the MphasiS Employees Equity Reward Trust will deduct shares to cover the exercise price and applicable taxes. Similarly, for RSU exercises, the MphasiS Employees Benefit Trust will deduct shares to cover costs and taxes. The total number of shares allotted is very small relative to the company's total equity base.
This is a routine corporate action with negligible shareholding dilution. The allotment of just 2,507 shares will have minimal impact on the company's EPS and no material effect on the stock price.