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Mphasis Limited ( (IN:MPHASIS) ) has shared an announcement.
Mphasis Limited’s board has responded to stock exchange notices alleging non-compliance with Regulation 17(1) of SEBI’s Listing Obligations and Disclosure Requirements for the quarter ended December 31, 2025. The company explained that appointing a new non-executive chairperson required careful consideration and noted that no board meetings were held between December 11, 2025, and January 6, 2026, meaning there was no impact on board functioning during that interval.
The board emphasized that Mphasis traditionally maintains a regular non-executive chairperson and believes the brief transition period should not trigger a requirement to induct additional independent directors. The company has filed a waiver application with both BSE and NSE on March 13, 2026, and reiterated its commitment to full and timely compliance with SEBI and stock exchange regulations.
More about Mphasis Limited
Mphasis Limited is an information technology services company that provides application development, maintenance, and business process services to global enterprises. The company focuses on serving clients in sectors such as banking, financial services, and insurance, as well as other industries that rely on outsourced technology and digital transformation solutions.
Average Trading Volume: 24,354
Technical Sentiment Signal: Hold
Current Market Cap: 407B INR
Learn more about MPHASIS stock on TipRanks’ Stock Analysis page.