MPHASIS LTD.

Mphasis Ltd has received a rectification order under Section 154 of the Income-tax Act, 1961, revising its tax demand for Assessment Year 2023-24. The demand has increased from ₹2,286.86 crore to ₹2,417.80 crore due to interest levied under section 220 of the income tax Act. The company is evaluating legal remedies and plans to file a rectification petition regarding errors in the computation. Despite the revision, Mphasis does not expect any material impact on its financial statements and will make this information available on its website.

HDFC Mutual Fund has increased its shareholding in Mphasis Limited by 2.06%, bringing its total holding to 7.06% as of October 08, 2026. The previous disclosure on January 16, 2026, indicated a holding of 5.02%. The acquisition was made through open market transactions. The total paid-up equity share capital of Mphasis Limited as of October 08, 2026, was Rs. 1,90,87,31,370/- comprising 19,08,73,137 equity shares of Rs. 10/- each.

Kotak Mahindra Mutual Fund (KMMF) has sold 123,216 equity shares of Mphasis Limited, representing 0.0645% of the total share capital, through an open market transaction on October 5, 2026. Following this sale, KMMF's holding in Mphasis has reduced from 7.3015% to 7.237%. The total equity shares of Mphasis Limited remain at 19,08,73,137.

Mphasis has announced an extension of its partnership with Social Security Scotland to manage and maintain the country's core benefits management platform. The agreement is valued at approximately £35.4 million. This contract will ensure reliable access to vital benefits services for over 2 million citizens across Scotland, focusing on maintaining stability, resilience, and high-quality service for benefit applications, eligibility decisions, and payments. Mphasis highlighted its commitment to supporting critical public service platforms and improving operational efficiency within the public sector.

Mphasis and Copa Airlines have jointly hosted an international Quantum Computing Challenge, inviting teams from Indian Institutes of Technology (IITs) and Canadian universities to develop quantum-based optimization solutions for airline operations. The challenge focused on disruption management, specifically passenger re-accommodation during flight disruptions, aiming to improve speed and accuracy at scale using quantum computing. Mphasis' R&D arm and Copa Airlines collaborated to define the problem and evaluation criteria. The competition involved developing end-to-end solutions, with top teams receiving recognition and cash prizes. This initiative highlights Mphasis' commitment to applied innovation and advancing quantum technologies for real-world enterprise applications in the aviation sector.

Mphasis Ltd. has scheduled a Board of Directors meeting for November 5, 2026, in New York, USA. The primary agenda is to consider and approve the audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and to take on record the Auditor’s Report. Following the results, the company will host an Earnings Conference Call for investors and analysts on November 6, 2026, at 8:30 AM Indian Standard Time. Additionally, the trading window for dealing in the company's securities will be closed from September 23, 2026, to November 7, 2026, in accordance with insider trading regulations.

Mphasis Ltd has announced the closure of its trading window for designated persons, effective from Wednesday, September 23, 2026. This closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct. The trading window will reopen 48 hours after the declaration of the company's financial results for the quarter and half-year ending September 30, 2026. The date for the Board Meeting to approve these financial results will be communicated separately.

Mphasis Foundation, in partnership with Plaksha University, hosted the second edition of the TrackShift Innovation Challenge on September 12-13, 2026. The 24-hour event involved over 180 students from across India tackling real-world motorsport engineering problems using AI, computer vision, and predictive modeling. The challenge, inspired by the TGR Haas F1 Team's association, focused on applied engineering rigour with problem statements from the 2026 racing season. Over 3600 students applied, with a significant representation of female students. Winning teams received cash prizes and internships at Mphasis. Solutions developed will be shared via an open repository.

Mphasis has announced a collaboration with SGBS Unnati Foundation to support an environmental sustainability initiative aimed at creating a greener Bengaluru. This partnership involves SGBS Unnati Foundation's MoU with Bangalore Metro Rail Corporation Limited (BMRCL) for maintaining metro pier sections. The initiative aligns with Mphasis' broader CSR commitment to environmental and community priorities. SGBS Unnati Foundation is notable for being the first NGO listed on India's Social Stock Exchanges. This cross-sector collaboration seeks to enhance urban sustainability through shared responsibility and community-oriented implementation, building on Mphasis' existing environmental and community development efforts.

Mphasis Ltd has been assigned an overall ESG rating of '75' by NSE Sustainability Ratings and Analytics Limited. Notably, the rating was independently assigned by NSE Sustainability using publicly available information, and Mphasis did not engage them for this rating. This ESG score reflects the company's performance in environmental, social, and governance factors as assessed by a SEBI-registered ESG Rating Provider. The information is available on the company's website.