Mphasis Subsidiary Acquires 26% Preferred Stock Stake in Aokah, Inc., a Delaware-based Corporation

Mphasis Ltd announces that its wholly owned subsidiary, Mphasis Corporation, USA, has acquired a 26% preferred stock stake in Aokah, Inc., a Delaware-based Corporation in the United States of America. Aokah, Inc., was established to deliver Business Intelligence Platforms and additional Information Technology Services. The investment is not a related party transaction, and the Promoter and Promoter Group does not have any interest. Aokah, Inc. was incorporated on 7 January 2025 and has presence in USA and India. The total consideration for the investment is up to USD 4 million. The entity provides Business Intelligence Platforms and other information technology and computer services, with turnover being nil for the past three years.