MphasiS Limited — Others, 22-03-2025: Action(s) taken or orders passed

Mphasis has received a demand notice from the Collector of Stamps Enforcement - 2, Mumbai, under the Amnesty Scheme 2023, indicating a significantly reduced stamp duty and penalty compared to earlier demands. The company has complied with the payment requirements, settling a penalty of ₹25 crore. This reduction could positively affect Mphasis's cash flow by lowering potential liabilities related to stamp duty. The announcement reflects the company’s proactive stance in managing its obligations, which may bolster investor confidence and indicate a sound management strategy moving forward.