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Mphasis Limited ( (IN:MPHASIS) ) has provided an announcement.
Mphasis Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing unmodified opinions, underscoring the company’s financial reporting strength. The company also confirmed it does not qualify as a Large Corporate under SEBI norms, which has implications for its regulatory and borrowing framework.
The board recommended a hefty final dividend of Rs 62 per share for FY 2026, contingent on shareholder approval at the upcoming annual general meeting, with a record date set for 8 July 2026. This payout signals management’s confidence in cash generation and offers a tangible return to shareholders.
In key governance moves, the board approved the re-appointment of Nitin Rakesh as chief executive officer and managing director for five years from 1 October 2026, subject to shareholder nod. It also cleared a second and final five-year term for independent director Maureen Anne Erasmus from 20 December 2026, reinforcing continuity and stability in the company’s leadership and oversight.
The board further decided to convene the company’s 35th annual general meeting via video conferencing and other audio-visual means on 23 July 2026, maintaining a virtual format that can enhance participation and operational efficiency. All updates have been made available on the company’s website for investor reference.
More about Mphasis Limited
Mphasis Limited is an Indian IT services and consulting company that provides application development, maintenance, cloud and digital solutions to global clients. Listed on BSE and NSE, it focuses on technology-led services for banking, financial services, insurance and other enterprise sectors, positioning itself as a mid-to-large cap player in the domestic and international IT outsourcing market.
Average Trading Volume: 15,057
Technical Sentiment Signal: Hold
Current Market Cap: 432.3B INR
Find detailed analytics on MPHASIS stock on TipRanks’ Stock Analysis page.