MphasiS Ltd


BSE: 526299 | NSE: MPHASIS | ISIN: INE356A01018 
Market Cap: [Rs.Cr.] 8,263 | Face Value: [Rs.] 10
Industry: Computers - Software - Large

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Board Meet

29-May-13 
Mphasis Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 29, 2013, inter alia, to consider, approval of the audited financial results of Mphasis Ltd and Group for the quarter and six months period ended April 30, 2013. 
28-Feb-13 
Mphasis Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 28, 2013, inter alia, to consider, approval of the audited financial results of MphasiS Limited and Group for the quarter ended January 31, 2013 (Q1). Mphasis Ltd has informed BSE that the Board of directors at its meeting held February 28, 2013, has appointed Mr. Lakshmikanth K Ananth as an Additional Director on the Board of the Company effective from February 28, 2013. (As per BSE Announcement Dated on 28.02.2013) 
05-Dec-12 
Mphasis Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 05, 2012, inter alia, to : 1. Approve the financial results of Mphasis Ltd and Group for the year ended October 31, 2012. 2. Recommend payment of dividend, if any. Mphasis Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 05, 2012, inter alia, have proposed a final dividend of Rs.17/- per Equity Share of Rs. 10/- each for the year ended October 31, 2012 (Rs. 6.50/- paid last year for the financial year ended October 31, 2011). The dividend if declared at the ensuing Annual General Meeting of the Company will be paid within 30 days of the Annual General Meeting i.e. February 28, 2013. (As per BSE Announcement Dated on 05.12.2012)  
29-Aug-12 
Mphasis Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 29, 2012, inter alia, to consider, approval of the audited financial results of the Company and Group for the quarter and nine months ended July 31, 2012. 
01-Jun-12 
Mphasis Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 01, 2012, inter-alia, to approve the audited financial results of the Company and Group for the quarter and six months ended April 30, 2012 (Q2). 

AGM

01-Feb-13
AGM : 01.02.2013 Mphasis Ltd has informed BSE that the 21st Annual General Meeting (AGM) of the Company will be held on February 01, 2013. (As per BSE Announcement Dated on 10.01.2013) Mphasis Ltd has informed BSE that Mr. Nawshir Mirza, Independent non executive director, retired at the Annual General Meeting held on February 01, 2013, since he did not offer himself for re-appointment. The vacancy caused by retirement of Mr. Mirza was not filled up at the Annual General Meeting. The Company would appoint a replacement shortly. (As per BSE Announcement Dated on 01.02.2013) Mphasis Ltd has submitted to BSE a copy of the Minutes of the 21st Annual General Meeting (AGM) of the Company was held on February 01, 2013. (As per BSE Announcement Dated on 04.03.2013)  
01-Mar-12
Mphasis Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from February 20, 2012 to March 01, 2012 (both days inclusive) for the purpose of Payment of Dividend & 20th Annual General Meeting (AGM) of the Company to be held on March 01, 2012. The dividend if declared at the Annual General Meeting would be payable within 30 days of the Annual General Meeting. Mphasis Ltd has informed BSE that the 20th Annual General Meeting (AGM) of the Company was held on March 01, 2012. (As Per BSE Announcement Dated on 01.03.2012) 
24-Feb-11
Mphasis Limited has informed the Exchange that the Register of Members will remain closed from February 14, 2011 to February 24, 2011 (both days inclusive) for the purpose of dividend payment. The dividend if declared at the Annual General Meeting would be payable within 30 days of the Annual General Meeting.Further the AGM is scheduled to be held on February 24, 2011. Mphasis Ltd has informed BSE that the 19th Annual General Meeting (AGM) of the members of the Company will be held on February 24, 2011, inter alia, to transact the following business: 1. To receive, consider and adopt the audited Balance Sheet as at October 31, 2010 and the Profit and Loss Account for the year ended on that date and the reports of the Directors and Auditors thereon. 2. To declare a dividend on equity shares. 3. To appoint a Director in place of Mr. Nawshir Mirza & Mr. Davinder Singh Brar, who retires by rotation and being eligible, offers themselves for re-appointment. 4. To appoint M/s. S. R. Batliboi & Co., Chartered Accountants, who retire at the conclusion of this Annual General Meeting, as Statutory Auditors of the Company till the conclusion of the next Annual General Meeting at a remuneration, terms & conditions. 5. To appoint Mr. Fransesco Serafini, Mr. Balu Doraisamy, Mr. Juergen Reiners & Mr. Gerad Brossard as Directors of the Company, liable to retirement by rotation. 6. To grant Restricted Stock Units in the nature of option to apply for equity shares of the face value of Rs.10 each of the Company to or for the benefit of such person(s) who are in the permanent employment of the Company (including the Directors, whether whole-time director or not) or to any Trust, Society, or any entity or any combination thereof that may be existing or to be created for the benefit of such employees at any time under a Scheme titled RESTRICTED STOCK UNIT 2011 PLAN (hereinafter referred to as RSU 2011) to be evolved in this regard, with the underlying equity shares, whether created and/or issued not exceeding 4,00,000 (as adjusted for any changes in capital structure and adjustments arising out of the corporate actions) equity shares of Rs.10 each in terms of such options and that the Board of Directors of the Company and/or Committee of the Board of Directors be and are hereby authorized to take such steps and actions and give necessary directions as it deems fit to give effect to the above resolution, subject to necessary provisions & approvals. 7. To extend the benefits of Restricted Stock Unit 2011 Plan proposed in the resolution under Item No.10 of this notice to the eligible employees/directors of the subsidiary companies, on such terms and conditions as may be decided by the Board and for the purpose of giving effect to the above Resolution, the Board of Directors of the Company, be and is hereby authorized to take such steps and actions and give such directions as it may in its absolute discretion deem necessary and settle any question that may arise in this regard, subject to necessary provisions & approvals. 8. Accorded for payment of remuneration to the Independent Non Executive Directors effective November 01, 2010, on the necessary terms & conditions. (As Per BSE Announcement Dated on 02.02.2011) Mphasis Ltd has informed BSE that the shareholders of the Company, at the Annual General Meeting held on February 24, 2011, approved payment of Dividend @ 40% for the financial year ended October 31. 2010. The Dividend Warrants in respect of this dividend shall be dispatched before March 27, 2011. (As Per BSE Announcement Dated on 24.02.2011) Mphasis Ltd has informed BSE that at 19th Annual General Meeting of the Company held on February 24, 2011, Item Nos. 2, 3 and 4 of notice of the Annual General Meeting dated January 05, 2011 was voted by the shareholders by means of a poll ordered by the Chairman. With reference to earlier announcement dated February 25, 2011 regarding Declaration of Poll results held at the AGM dated Feb 24, 2011, Mphasis Ltd has now submitted to BSE the results of the poll and related declaration of results made at the Annual General Meeting. 'At the 19 Annual General Meeting of the Company held on February 24, 2011, a poll was ordered by the Chairman of the Annual General Meeting for voting on the following proposed Ordinary Resolutions as set out in the Notice dated January 05, 2011, had been passed by requisite majority by the shareholders'0 1. Declaration of Dividend 2. Re-appointment of Mr. Nawshir Mirza. 3. Re-appointment of Mr. D. S. Brar.' (As Per BSE Announcement Dated on 25.02.2011) 
24-Feb-10
Mphasis Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from February 13, 2010 to February 24, 2010 (both days inclusive) for the purpose of 18th Annual General Meeting (AGM) of the Company to be held on February 24, 2010. Mphasis Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on February 24, 2010, inter alia, have approved payment of Dividend @35% for the financial year ended October 31, 2009. (As Per BSE Announcement Dated on 24/02/2010) Mphasis Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on February 24, 2010, inter alia, have also accorded to the following: 1. Adoption of the audited Balance Sheet as at October 31, 2009 and the Profit and Loss Account for the year ended on that date together with the Report of the Directors and Auditors thereon. 2. Re-appointment of Mr. Jose De La Torre & Mr. Andrews W Mattes as Directors of the Company, liable to retire by rotation. 3. Appointment M/s. S R Batliboi & Co., Chartered Accountants, as Statutory Auditors of the Company till the conclusion of next Annual General Meeting on remuneration, terms & conditions. 4. Appointment of Mr. Craig Wilson, Mr. Prakash Jothee, Dr. Friedrich Froeschil, Mr. K M Suresh & Mr. Balu Ganesh Ayyar as Directors of the Company, liable to retire by rotation. 5. Appointment of Mr. Balu Ganesh Ayyar as Chief Executive Director (CEO) and Whole Time Director for a period of three years with effect from January 29, 2009, on remuneration, terms & conditions. 6. Accorded for the payment of remuneration by way of commission of USD 45,000 per annum (US Dollars Forty Five Thousand only per annum) to Dr. Fridrich Froeschhl, Director of the Company w.e.f. April 01, 2009. (As Per BSE Announcement Website dated on 31.03.2010) 
28-Jan-09
Mphasis Ltd has informed BSE that the 17th Annual General Meeting (AGM) of the Company is to be held on January 28, 2009. Mphasis Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on January 28, 2009, inter alia, has approved payment of Dividend @20% for the seven months period ended October 31, 2008. (As Per BSE Announcement Dated on 28/01/2009) Mphasis Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on January 28, 2009, inter alia, have accorded to the following: 1. Adoption of the audited Balance Sheet as at October 31, 2008 and the Profit and Loss Account for the seven months period ended on that date together with the Report of the Directors and Auditors thereon. 2. Re-appointment of Mr. Nawshir Mirza, Mr. D S Brar & Ms. Vinita Bali as Directors of the Company, liable to retire by rotation. 3. Appointment M/s. S R Batliboi & Co., Chartered Accountants, as Statutory Auditors of the Company till the conclusion of next Annual General Meeting on remuneration, terms & conditions. 4. Appointment of Mr. Anthony Glasby & Mr. Andreas Mattes as Directors of the Company, liable to retire by rotation. 5. Approved the payment of remuneration by way of commission to Ms. Vinita Bali, Director of the Company w.e.f. November 01, 2008, on necessary terms & conditions. (As Per BSE Announcement Dated on 26/02/2009) 

EGM

24-Feb-11
With reference to earlier announcement dated November 23, 2010 regarding Formulation of Restricted Stock Unit Plan - 2011, Mphasis Ltd has now informed BSE that the shareholders at its meeting held on February 24, 2011, have approved the formulation of Restricted Stock Unit Plan 2011. 
07-Apr-10
Mphasis Ltd has informed BSE that pursuant by an Order made on February 17, 2010 and by subsequent modification on March 03, 2010, the Hon'ble High Court of Karnataka at Bangalore has directed that a meeting of the Equity Shareholders & Secured and Unsecured Creditors of the Applicant / Transferee Company (Mphasis Ltd) will be held on April 07, 2010, for the purpose of considering and, if thought fit, approving, with or without modification(s), the Scheme of Amalgamation proposed for merger of Company known as MphasiS FinSolutions Pvt. Ltd, the Transferor Company with MphasiS Ltd, the Applicant / Transferee Company. 
13-Nov-06
Mphasis BFL Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 13, 2006, inter alia, have accorded to the following: 1. Changed of name of the company from "Mphasis BFL Ltd" to "Mphasis Ltd" subject to the approval of the central government & other applicable provisions, if any, and consequential amendments in Memorandum & Articles of Association of the Company. 2. Amendment in Article 87 of Articles of Association of the Company. 3. (i) Payment of remuneration by way of Commission to Dr Jose De la Torre, Director of the Company, for services rendered during the year 2005-06. (ii) Payment of remuneration by way of Commission to Mr Nawshir Mirza, Director of the Company, commencing from the year 2006-07. (iii) Payment of remuneration by way of Commission to Mr D S Brar, Director of the Company, commencing from the year 2006-07 (iv) Payment of remuneration by way of Commission to Dr Jose De la Torre, Director of the Company, commencing from the year 2006-07. 4. Appointment of Mr Deepak Patel as Managing Director of the Company with effect from November 01, 2006 for a period of 5 years, on the remuneration, terms & conditions. Mphasis BFL Ltd has informed BSE that equity shareholders of the Company at their Court Convened Meeting held on November 13, 2006 have approved the Scheme of Amalgamation between EDS Electronic Data Systems (India) Pvt Ltd with the Company. 
29-Sep-05
The company has informed that the equity shareholders and creditors of the Company at thier court convened meeting, as directed by Karnataka High Court, held on September 29, 2005, have approved the Scheme of Amalgamation and Arrangement between the Company and Kshema Technologies Ltd, the results of the meeting are as follows : 1. The equity shareholders approved the Scheme by requisite majority. 2. The creditors approved the Scheme unanimously. 
12-May-04
Mphasis BFL Limited has informed the Exchange that the EGM of the company will be held on May 12, 2004. EGM 12/05/2004 1. Increase authorised capital from Rs.40 crores to Rs.100 crores 2. Issue and allot 1763281 equity shares on preferential basis. 3. Issue equity shares not exceeding 593126 under ESOP 2004. 4. The FII and NRI limits shall not at any time exceed 10% of the share capital of the company. 5. Issue ADRs & GDRs. 6. Issue and allot 1169389 shares on preferential allotment basis. (As per BSE Bulletin dated on 22/04/2004) Mphasis BFL Limited has informed the Exchange that an EGM of the members of the Company will be held on May 12, 2004, to transact the following business: 1) to increase the authorized share capital from Rs.40,00,00,000 to Rs.100,00,00,000 by creation of 6,00,00,000 additional equity shares of Rs.10/- each and as a consequence of the above, to alter the M/A of the Company. 2) To offer, issue and allot from time to time, in one or more tranches, on a preferential allotment basis up to17,63,281 equity shares of the company to selling shareholders of MsourcE Corporation, USA for part consideration toward acquisition by the Company or its direct or indirect wholly owned subsidiary thereof, whether in India or abroad (as the Board may determine) or redemption, of the minority interest of the common stock and preferred stocks aggregating 3,85,96,740 shares in MsourcE Corporation, USA. The balance consideration of US$ 13.20 million being paid by the company in cash to the selling shareholders of MsourcE Corporation, USA. 3) To issue options under the Employee Stock Option Plan of the Company to be called the 'ESOP 2004 Plan' not exceeding 593126 shares in the company to the option holders of MsourcE Corporation, USA..4) To obtain consent of the shareholders for acquiring and holding of equity shares of the Company, by FII's and NRI's up to the sectoral limits allowed under the Regulation 20 of the Foreign Exchange Management (Transfer or Issue of Security by a person Resident outside India), 2000, provided however that the equity share holding of a single FII or a sub-account of an FII in the Company shall not at any time exceed 10% of the paid up Equity Share Capital of the company. 5) To accord approval of the shareholders to the pension plan for Mr. Jaithirth Rao, Chairman and Managing Director and he will be entitled to the revised remuneration as detailed in the EGM notice. 6) To mobilize additional funds by way of an issue or offer, in one or more tranches, of American Depository Receipts an/or Global Depository Receipts or any other instruments or Securities in overseas markets, to NRI's, FII's, Foreign Investors/Foreign Companies, Foreign Financial Institutions, Companies, Bodies Corporate, Mutual Funds, Business Associates, Venture Capital Funds, and/or any other entities permitted by law to invest in such Securities.7)To acquire the entire shareholding of Kshema Technologies Limited, Bangalore (KTL). In consideration for the acquisition of the entire shareholding,the Company proposes to discharge the consideration to the selling shareholders of KTL partly by payment of cash of Rs.28,83,66,600 and partly by issuing 11,69,389 equity shares of the Company to such selling shareholders on a preferential basis. 8) To approve the issue of Bonus shares in the ratio of one equity share for every one existing equity share held. (As per NSE Bulletin dated on 23/04/2004) The company has informed that at the EGM of the company held on May 12, 2004, the members have approved increase in the authorised share capital from Rs.40 crores to Rs.100 crores and consequent amendment of the Memorandum of Association of the company. (As per BSE Bulletin dated on 12/05/2004) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
TCS 283,480.85 23.55 8.73 18.37 44.6 53.7 0.00
Infosys 140,550.98 16.24 3.90 10.93 27.7 37.5 0.00
Wipro 84,035.10 14.88 3.47 14.72 20.5 23.1 0.22
HCL Technologies 54,248.14 18.60 8.21 11.74 31.3 32.3 0.17
Oracle Fin.Serv. 22,478.37 21.84 3.08 11.51 16.2 23.1 0.00
Satyam Computer 13,187.44 11.97 3.15 4.78 35.7 26.6 0.01
Tech Mahindra 12,560.85 19.25 3.22 12.21 14.9 14.5 0.34
MphasiS 8,262.70 13.62 2.27 9.36 17.4 20.2 0.07
IGate Computer 7,006.46 14.73 2.08 8.41 15.8 18.7 0.00
Polaris Finan. 1,217.38 7.29 1.12 5.96 19.4 23.0 0.05
Hewlett-Packard 0.11 0.00 0.00 0.00 15.5 19.6 0.00

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Key Information

Key Executives:

Friedrich Froeschl , Chairman 

Davinder Singh Brar , Director 

Antonio Fabio Neri , Additional Director 

V Ravichandran , Additional Director 


Company Head Office / Quarters:
Bagmane World Technology Cente,
Marathalli RingRd Mahadevapura,
Bangalore,
Karnataka-560048
Phone :
Fax :
E-mail : sivaram.nair@mphasis.com
Web : http://www.mphasis.com
Registrars:
Integrated Enterprises (I) Ltd
No. 30 Ramana Resid.
4th Cross Sampige Rd
Malleswaram
Bangalore - 560003

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