Mphasis Ltd

📋 Mphasis Responds to Stock Exchange Notices on Board Meeting Compliance

• Received notices from BSE and NSE on February 27, 2026 for alleged non-compliance with SEBI Regulation 17(1) for Q4 2025

• No board meetings occurred between December 11, 2025 and January 6, 2026

• New chairperson appointed on January 7, 2026 with first board meeting held January 22, 2026

• Governance operations remained unaffected during this period

• Company submitted waiver application to exchanges on March 13, 2026

• Fine of ₹123,900 (including 18% GST) levied for 21 days of non-compliance

• Potential additional fines if non-compliance continues

• Failure to pay fines within 15 days could lead to freezing of promoter holdings and trading restrictions