Mphasis has approved the allotment of 37,722 and 93,663 Equity shares against exercise of Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs) under Employee Stock Options Plan 2016 (ESOP 2016) and Restricted Stock Units Plan 2021 (RSU Plan 2021) respectively. Powered by Capital Market - Live News

The Board of Mphasis at its meeting held on 16 October 2024 has approved the investment of up to o � 30 million in the equity share capital of Mphasis Europe BV, a wholly owned subsidiary of the Company. Powered by Capital Market - Live News

Net profit of Mphasis rose 8.01% to Rs 423.33 crore in the quarter ended September 2024 as against Rs 391.95 crore during the previous quarter ended September 2023. Sales rose 7.92% to Rs 3536.15 crore in the quarter ended September 2024 as against Rs 3276.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3536.153276.50 8 OPM %18.3218.18 - PBDT666.13610.64 9 PBT562.57521.66 8 NP423.33391.95 8 Powered by Capital Market - Live News

Mphasis announced the election of Jan Kathleen Hier, the Company`s Independent Director since December 2015, as the Chairperson of the Board, effective 1 October 2024. Hier succeeds Davinder Singh Brar, who retires effective 30 September 2024, consequent to successful completion of term, as an Independent Director, approved by the shareholders.Hier previously served as a partner at a start-up and as Executive Vice President at Charles Schwab, where she led centralized support services, including Schwab Technology Services, Operational Services, Corporate Project Management, Operational Risk Management, and Offshore Services. During her tenure at Schwab, she also held several senior leadership positions, including Chief Information Officer, Executive Vice President of Human Resources, and Head of Electronic Brokerage Technology.Powered by Capital Market - Live News

Mphasis will hold a meeting of the Board of Directors of the Company on 16 October 2024.Powered by Capital Market - Live News