Mphasis Limited — Proxy Solicitation & Information Statement 2024

Apr 9, 2024

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9 April 2024

The Manager, Listing BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

The Manager, Listing National Stock Exchange of India Ltd Exchange Plaza, Plot No. c/1, G-Block, Bandra-Kurla Complex, Mumbai 400 051

Dear Sir/Madam,

Sub: Newspaper advertisement confirming dispatch of Postal Ballot Notice

In continuation to our letter dated 8 April 2024, we enclose a copy of the newspaper advertisement published today in the Business Standard and Samyuktha Karnataka (Kannada language newspaper) regarding the dispatch of the subject Notice to the shareholders.

We request you to kindly take the above on record as per the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Thanking you,

Yours faithfully,

For Mphasis Limited

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Digitally signed NARAYAN by NARAYAN SUBRAMANIAN SUBRAMANIAN

Subramanian Narayan Senior Vice President and Company Secretary

Encl. as above

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TAKE TWO 13

BENGALURU | TUESDAY, 9 APRIL 2024

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----- Start of picture text ----- ILLUSTRATION: BINAY SINHA----- End of picture text -----

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Ramchandran:TheCalcuttaHighCourtheldthat asellercouldbepermittedtoassertthathisgoods orservicesarethebestorbetterthanthatofa competitorevenifsuchdeclarationisuntrue, providedhehascomparedtheadvantagesand disadvantagesofowngoodsorserviceswiththat oftherivalbrands. nHorlicksLtdversusZydusWellnessProducts Ltd:WhereHorlickssoughtapermanent injunctionagainstZydusWellnessProductsLtd. forthebroadcastoffalseadvertisementsclaiming thatoneglassofComplan,aproduct manufacturedbyZydus,wasbetterthantwo glassesofHorlicks,theproductoftheplaintiff. TheCourtallowedrelief. nInFrancisVadakkanversusA-OneMedicals, thecommercialclaimedthattheproductbeinga hairgrowthcream,couldhelpgrowhairtothree timesitsvolumeinamatterofsixweeks.These claimswerefoundtobeuntrue,andtheaggrieved consumerapproachedtheDistrictCommission. TheCommissiondeclaredthenon-deliveryof promisesasadeficiencyinservice,andaheavy finewasimposed. nInRajendraversusUnionofIndia,theBombay HighCourtrestrainedanygoodorservicesale claimingithadsupernaturalandmiraculous powers.TheCourtheldthatsuchpracticewas blatantlyillegalanddeceivedthepublicatlarge. Itwasheldthatpropagatinganadvertisement usingthenameofanyGodtosuchanarticlefor saleandclaimingthatsucharticleshad“special, miraculousandsupernaturalproperties”was prohibitedbylaw.

SANDEEP GOYAL

aybackinAugust2022,theIndian MedicalAssociation(IMA)had W approachedthecourtsagainsta Patanjaliadvertisementtitled,“Misconceptions spreadbyallopathy:Saveyourselfandthe countryfromthemisconceptionsspreadby pharmaandmedicalindustry.”TheIMAaccused Patanajliofconsistentlydisseminating misinformationtodenigrateallopathy,whichit deemedasadeliberateandongoingcampaign, andmakingexaggeratedclaimsaboutthe efficacyofitsowndrugs,purportedlybasedon scientificevidence,whichcontradicted regulationsbanningsuchadvertisementsinthe country.AccordingtotheIMA,thesestatements violatedboththeDrugsandOtherMagical RemediesAct,1954(DOMA)andtheConsumer ProtectionAct,2019(CPA). ASupremeCourtbenchonNovember21,2023 cautionedPatanjaliagainstadvertising permanentcuresandthreatenedtolevyapenalty of ~1croreforeachproductmakingsuchclaims. However,PatanjaliandBabaRamdev,despite theirassurancestothecourt,didapress conferencepraisingPatanjaliproducts,which wasfollowedbyadvertisementsinmainstream mediainDecember2023andJanuary2024. LastTuesday,theSupremeCourtcamedown heavilyonBabaRamdevforviolatingitsdirectives evenastheyogaguru,whowaspresentincourt, tenderedanunconditionalapology.“Weare tenderinganunconditionalapology.He(Baba Ramdev)isherepersonallypresenttoapologise,” theadvocaterepresentingPatanjalitoldthecourt. Thecourt,however,calledit“lipservice”,and saidPatanjali“owesanapologytothewhole nation”foritsfalseclaimsabouttheefficacyofits productssuchasCoronil,andfordenigrating allopathyduringtheCovidpandemic.“Youhave brokeneverybarrier...Nowyousaythatyouare sorry,”thecourtsaid. TheSupremeCourtgranteda“last opportunity”toBabaRamdevandBalkrishna, askingthemtofilefreshaffidavitswithinaweek. ThecourtalsowarnedRamdevandBalkrishna ofperjury. Letustakeafewstepsbackandgobackto whereitallstarted.

PATANJALI AND THE ART OF PUFFERY

Interestingly,inthePatanjalimatter,the SupremeCourtalsocamedownheavilyonthe Centralgovernmentfornotactingagainst Patanjali.“Theentirecountryhasbeentakenfora ride.Andyoushutyoureyes?Whatdidyoudofor twoyears?TheActitselfsaidthatit(misleading advertisements)wasprohibited.Youshouldhave takenurgentaction…Thisisanunfortunate situation,”JusticeAmanullahtoldthe government.

TheSupremeCourtcamedownheavilyonthebrandassociatedwithyogaguru BabaRamdev.Advertising,however,isfullofexampleswherebrandstookittoofar

WatchdogASCIhasrepeatedlysaidoverthe yearsthatPatanjaliAyurved“unfairly denigrates”theproductsofitsrivals.Thishasled tomultiplelitigations.Patanjali’sclaimforits Advertisingpuffery KachiGhaniMustardOil,thatrivalmakerswere DuringtheFebruaryhearing,thebenchof sellingmustardoil“adulteratedwithoilmadeby JusticesHimaKohliandAhsanuddinAmanullah solventextractionprocesswithneurotoxin hadsaidPatanjaliadvertisestheirproductsas containingHexane”,wasnotfoundtobe “permanentrelief”fordiseaseslikeobesity,blood substantiated.Patanjalialsofailedtosubstantiate pressure,asthma,etc,inviolationofthe1954Act. itsclaimsforPatanjaliFruitJuice,whereithad “Whatdoyoumeanby‘permanentrelief?’ dubbedrivaldrinksas“expensivejuices Thereareonlytwotypesofpermanentrelief.One, containinglesspulp.” Italsofailedtosubstantiate thepersondies.Two,thepersoniscured.Thereis itsclaimsintheadforcattlefeedPatanjali nothird‘permanentrelief’,”JusticeAmanullah Dugdhamrutas“othercompaniesmixthreeto hadaskedwhileaddressingPatanjali’slawyer fourpercentureaandothernon-ediblethingsin MukulRohatgi. theircattlefeed.”ItseemsonlytheSupreme IsPatanjalitheonlybrandthathasbeenatthe CourtcanpossiblyreinPatanjaliin.Letussee. receivingend?No,manymoreexamplesabound ofpufferyinadvertising,andcourtinterventions. SandeepGoyalistheChairmanofRediffusion;hehasa nReckitt&ColmanofIndiaLtdversusMP PhDinhumanbrands

brokeneverybarrier...Nowyousaythatyouare blatant,andwilfulviolationoflaws: particular sorry,”thecourtsaid. nTheIMAcontendedthatPatanjali's nSection7ofDOMAfurtherstatesthatwhoever TheSupremeCourtgranteda“last advertisementsviolatedtheDrugs&Other contravenesanyoftheprovisionsofthisActor opportunity”toBabaRamdevandBalkrishna, MagicalRemediesAct,1954(DOMA),andthe therulesmadethereundershall,onconviction, askingthemtofilefreshaffidavitswithinaweek. ConsumerProtectionAct,2019(CPA). bepunishableinthecaseofthefirstconviction, ThecourtalsowarnedRamdevandBalkrishna nUnderSection4oftheDOMA,publishing withimprisonmentwhichmayextendtosix ofperjury. misleadingadvertisementsregardingdrugsis months,orwithfine,orwithboth;inthecaseofa Letustakeafewstepsbackandgobackto prohibited,punishablebyimprisonmentor subsequentconviction,withimprisonment whereitallstarted. fines. whichmayextendtooneyear nItstatesthatnopersonshalltakeanypartinthe nFurthermore,Section89oftheConsumer Whatignitedthelitigation publicationofanyadvertisementrelatingtoa ProtectionAct(CPA)imposesstringentpenalties IntheIndianMedicalAssociationversusUnion drugiftheadvertisementcontainsanymatter anymanufacturerorserviceproviderwhocauses ofIndia(2022)case,itwasBabaRamdev’s whichdirectlyorindirectlygivesafalse afalseormisleadingadvertisementtobemade statementslabellingallopathyasa“stupidand impressionregardingthetruecharacterofthe whichisprejudicialtotheinterestofconsumers bankruptscience”thatignitedthelitigation.IMA drug;ormakesafalseclaimforthedrug;oris shallbepunishedwithimprisonment. arguedincourtthattherehadbeenaserious, otherwisefalseormisleadinginanymaterial Nowtothepresent.

Mphasis Limited

CIN: L30007KA1992PLC025294

Regd. Office: Bagmane World Technology Center, Marathahalli Outer Ring Road, Doddanakhundi Village, Mahadevapura, Bengaluru - 560 048 E-mail: investor.relations@mphasis.com; Website: www.mphasis.com; Telephone: 080 6750 1000

NOTICE

Notice is hereby given to the members of Mphasis Limited (the “ Company ”) pursuant to the provisions of Sections 108 and 110 and other applicable provisions, if any, of the Companies Act, 2013 (the “ Act ”), read together with the Companies (Management and Administration) Rules, 2014, as amended (the “ Management Rules ”), General Circular Nos. 14/2020 dated April 08, 2020, 17/2020 dated April 13, 2020, 20/2020 dated May 05, 2020, 22/2020 dated June 15, 2020, 33/2020 dated September 28, 2020, 39/2020 dated December 31, 2020, 10/2021 dated June 23, 2021, 20/2021 dated December 08, 2021, 3/2022 dated May 05, 2022, 11/2022 dated December 28, 2022 and 09/2023 dated September 25, 2023, issued by the Ministry of Corporate Affairs, Government of India (the “ MCA Circulars ”), Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India (the “ SS-2 ”), Regulation 44 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations ”) and any other applicable law, rules, circulars, notifications and regulations (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), approval of the members of the Company, is sought through Postal Ballot (the “ Postal Ballot Notice ” or the “ Notice ”) by way of remote e-voting (“ e-voting ”), for appointment of Mr. Sunil Gulati (DIN: 10473127) as an Independent Director of the Company, by means of a special resolution, in terms of Sections 161 and 149 of theAct, for a period of five consecutive years effective 1April 2024. Pursuant to the MCAcirculars, the Company has completed the electronic dispatch of the Postal Ballot Notice along with the Explanatory Statement thereto on 8 April 2024 to those members whose e-mail address is registered with the Company/Depositories as at the Cut-off date. Members can vote only through e-voting process. The voting rights of the members are reckoned on the basis of equity shares of the Company held by them as on the Cut-off date. The manner of e-voting remotely for shareholders holding shares in dematerialized mode, physical mode and for shareholders who have not registered their email addresses is provided in the Notice being sent to the shareholders. The Company has engaged National Securities Depository Limited (” NSDL ”) as the agency to provide the e-voting facility.

E-mails are being sent to the members whose email id is registered with the Company / Depositories through NSDL along with the details of Login ID and Password for participating in the above e-voting. Shareholders holding shares in demat mode are requested to contact their Depository Participant (“ DP ”) and register their e-mail address as per the process advised by their DP. Shareholders holding shares in physical mode are requested to furnish their e-mail address with the Company's Registrar and Share Transfer Agent viz., Integrated Registry Management Services Private Limited at giri@integratedindia.in. Alternatively, member may send an e-mail request to evoting@nsdl.co.in for obtaining User ID and Password by proving the login credentials details. Mr. S P Nagarajan (PCS No.4738), Practicing Company Secretary, has been appointed as the scrutinizer to scrutinize the voting process in a fair and transparent manner.

Following is the schedule of events for e-voting: Cut-off date for remote e-voting Wednesday, 3 April 2024 Electronic service of Postal Ballot Notice to members Monday, 8 April 2024 The date and time of commencement of e-voting Tuesday, 9 April 2024, at 9:00 am (IST) Last date for e-voting Wednesday, 8 May 2024, at 5:00 pm (IST) Declaration of results of voting Forthwith, upon receipt of scrutinizer's report on Thursday,9May2024,andtheresultswillbedisplayed at the Registered Office of the Company, at Bagmane World Technology Center, Marathahalli Outer Ring Road, Doddanakhundi Village, Mahadevapura, Bengaluru - 560 048 and at the Corporate Office at Bagmane Laurel, Bagmane Technology Park, Byrasandra Village, C V Raman Nagar, Bengaluru 560 093.The results will be hosted on the website of the Company at www.mphasis.com despite ofbeingannouncedtotheStockExchanges.

The Postal Ballot Notice is uploaded on the website of the Company at www.mphasis.com and NSDL at https ://www.evoting.nsdl.com/ besides being available on the website of the stock exchanges i.e. NSE and BSE at www.nseindia.comandwww.bseindia.comrespectively.

For Mphasis Limited Sd/Bengaluru Subramanian Narayan 08 April 2024 Senior Vice President and Company Secretary

NOTES:

1. A person who is not a member as on the cut-off date should treat this Notice for information purpose only. 2. The e-voting module shall be forthwith blocked by NSDL after 5:00 pm (IST) on Wednesday, 8 May 2024. 3. Shareholders who have not received the Postal Ballot Notice may request for the same by sending email to the Scrutinizer, cs@nagarajsp818.com or write to Mr. S P Nagarajan, Scrutinizer, Mphasis Limited, Bagmane World Technology Center, Marathahalli Outer Ring Road, Doddanakhundi Village, Mahadevapura, Bengaluru – 560048, India. 4. Any queries or grievances connected with the e-voting and postal ballot process, may please be addressed to Mr.SubramanianNarayan,SeniorVicePresidentandCompanySecretary,MphasisLimited,BagmaneWorldTechnology Center, Marathahalli Outer Ring Road, Mahadevapura, Doddanakhundi Village, Bengaluru - 560 048, Ph:08067504613ore-mailedtosubramanian.narayan@mphasis.com.