Mphasis has released its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The report confirms the company’s adherence to regulatory standards, with a notable clarification regarding a temporary board composition discrepancy during the transition period following the departure of a former chairperson. The company continues to maintain robust corporate governance practices, ensuring full transparency in its operational disclosures and record-keeping.
Report Overview
Mphasis has officially submitted its Secretarial Compliance Report for the financial year ended March 31, 2026. The audit, conducted by an independent practicing company secretary, provides a comprehensive evaluation of the company’s adherence to mandatory governance standards, including the maintenance of proper records and the filing of required disclosures.
Governance and Board Transition
The report addresses a specific period between December 11, 2025, and January 6, 2026, where a temporary gap occurred in the non-executive chairperson position following the conclusion of the tenure of Ms. Jan Kathleen Hier. To ensure continuity and regulatory alignment, the company promptly appointed Mr. Punit Sood as an additional director, followed by the appointment of Mr. Girish Paranjpe as the new non-executive independent chairperson on January 7, 2026.
Commitment to Compliance
Despite the minor procedural deviation mentioned, the auditor confirmed that the company maintained the required composition of independent directors throughout the relevant period. Mphasis has taken proactive steps, including the submission of a waiver application to stock exchanges, to address the penalty imposed regarding this transition. The report concludes that the company is otherwise in full compliance with all relevant corporate governance policies, document preservation requirements, and disclosure obligations for the 2025-26 financial year.
Source: BSE
