Press Release

Docusign Envelope ID: 07A09ABF-B1E0-8AE4-83D8-A8D4B534F90A October 22, 2026 The Manager, Listing T he Manager, Listing BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G -Block, Bandra-Kurla Complex, MUMBAI - 400 001 MUMBAI – 400 051 Scrip Code: 526299 Scrip Symbol: MPHASIS Dear Sir/Madam, Sub: Intimation of Press Release Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a press release titled “Mphasis’ Near-Term and Net-Zero Emissions Reduction Targets Receive Validation from Science Based Targets initiative (SBTi) Services”. The press release will also be available on the website of the Company at www.mphasis.com. We request you to kindly take the above intimation on record. Thanking you, Yours faithfully, For Mphasis Limited Mayank Verma Senior Vice President and Company Secretary Membership No.: ACS 18776 Encl: As above Docusign Envelope ID: 07A09ABF-B1E0-8AE4-83D8-A8D4B534F90A Mphasis’ Near-Term and Net-Zero Emissions Reduction Targets Receive Validation from Science Based Targets initiative (SBTi) Services Bengaluru, October 22, 2026 Mphasis, (BSE: 526299; NSE: MPHASIS), a global AI-led, platform-driven technology solutions provider, today announced the official validation of its near-term and net-zero greenhouse gas (GHG) emissions reduction targets by SBTi Services. This marks an important milestone in Mphasis’ commitment to addressing climate change through science-based emissions reduction targets. Mphasis aims to reduce emissions across its operations and value chain, with defined goals for both near-term and long- term reductions with FY 2024-25 as baseline year. These targets cover Scope 1 and Scope 2 emissions, as well as Scope 3 emissions across relevant activities in its value chain, establishing measurable milestones towards the company’s net-zero ambition. Mphasis’ validated targets include: • Net-Zero Target: To achieve net-zero greenhouse gas emissions across its value chain by FY 2050 • Near-Term Targets: o To reduce absolute Scope 1 and Scope 2 GHG emissions by 66.01% by FY 2036 from FY 2025 base year o To reduce Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy- related activities, business travel, employee commuting and upstream leased assets by 66.33% per USD value added within the same timeframe. • Long-Term Targets: o To reduce absolute Scope 1 and Scope 2 emissions by 90.0% by FY 2050 from a baseline year FY 2025 o To reduce Scope 3 GHG emissions by 97.0% per unit value added (economic intensity) within the same timeframe. “We believe climate action requires collective commitment from organizations, and it remains an important priority for us. The validation of our targets by SBTi Services is a significant milestone in our sustainability journey and strengthens our resolve to embed environmental responsibility into the way we operate, grow and build capabilities, while steadily advancing our long-term climate commitments,” said Deepa Nagraj, Senior Vice President & Global Head - ESG, Sparkle Innovation Ecosystem, and Communications, Mphasis. The validation of Mphasis’ targets supports its ambition to achieve net-zero greenhouse gas emissions across its value chain by FY 2050. The company continues to pursue its commitment to achieve carbon neutrality across its facilities and operations by FY 2030, with renewable sources already meeting 57.82% of its total energy needs. Mphasis’ sustainability efforts have also received external recognition, including a Silver Medal from EcoVadis, placing it among the top 15% of assessed companies, and an improved CRISIL Core ESG score of 73 in FY 2026, up from 69 in the previous assessment. The company remains focused on strengthening its environmental, social and governance practices alongside its business priorities. Docusign Envelope ID: 07A09ABF-B1E0-8AE4-83D8-A8D4B534F90A About SBTi The Science Based Targets initiative (SBTi) is a global organization that helps companies set greenhouse gas (GHG) emissions-reduction targets aligned with climate science and the Paris Agreement. It provides standards and criteria for establishing near-term and long-term net-zero targets. SBTi covers Scope 1, Scope 2 and Scope 3 emissions across a company’s operations and value chain. It validates corporate emissions-reduction targets against its applicable criteria. SBTi enables companies to develop credible decarbonization strategies and contribute to global climate change mitigation. https://sciencebasedtargets.org/ About Mphasis At Mphasis, engineering has been in our DNA since inception. Mphasis is an AI-led, platform-driven company with human-in-the-loop intelligence, helping global enterprises modernize, infuse AI, and scale with agility. The Mphasis.ai unit and Mphasis AI-powered ‘Tribes’ are focused on client outcomes and embed artificial intelligence and autonomy into every layer of the enterprise technology and process stack. Mphasis built NeoIP™, a breakthrough AI platform that orchestrates a powerful pack of AI solutions and platforms to deliver impactful outcomes across the enterprise IT value chain, as we believe ‘AI Without Intelligence Is ArtificialTM’. Mphasis NeoIP™ is powered by the Ontosphere, a dynamic and ever- evolving knowledge base, delivering continuous and constant innovation through perpetual intelligent engineering—driving end-to- end enterprise transformation. At the heart of our approach is customer-centricity—reflected in our proprietary Front2Back™ transformation framework, which uses the exponential power of cloud and cognitive to deliver hyper-personalized digital experiences (C=X2C2 =1) and build strong relationships with marquee clients. Our Service Transformation solutions enable enterprises to pivot from legacy systems and operations to secure, adaptive, cloud-first operating models with minimal disruption. Continuous investments in platforms, such as the Neo series, enable enterprises to stay efficient, relevant, and ahead in a dynamic AI-first world. Mphasis is a Hi-Tech, Hi-Touch, Hi- Trust company, rooted in a learning and growth culture. Click here to know more. (BSE: 526299; NSE: MPHASIS) For further information, please contact: Mphasis Corporate Communications Deepa Nagaraj Sumana Bhat deepa.nagaraj@mphasis.com | sumana.bhat@mphasis.com | + 1 (646) 424-5160 |+91 9845 256 283 +91 9902 980 980