NSE: MPHASIS · 15 October 2026 · Pre-market update
- Mphasis Limited is in focus ahead of the market open following a revised income tax demand order totaling ₹2,417.80 crore. Investors will monitor how the company's planned legal remedies and rectification petitions unfold as the stock opens following the October 14, 2026 trading days.
- The Assistant Commissioner of Income Tax issued a rectification order under Section 154, revising the tax demand for Assessment Year 2023-24 from ₹2,286.86 crore to ₹2,417.80 crore due to newly levied interest under Section 220. Mphasis stated that it is evaluating legal remedies and intends to file a rectification petition for computation errors.
- Trading volume was 0.91 times the 20-day average daily volume.
Mphasis Company News Before Market Open
Mphasis Limited is in focus ahead of the market open following a revised income tax demand order totaling ₹2,417.80 crore. Investors will monitor how the company's planned legal remedies and rectification petitions unfold as the stock opens following the October 14, 2026 trading days.
The revised tax demand of ₹2,417.80 crore highlights ongoing regulatory and tax compliance proceedings for the company. Management's assessment that the order will not materially impact financial statements provides baseline context for investors. The company's planned filing of a rectification petition and pursuit of legal remedies will dictate future developments on this matter.
4.92 lakh shares traded on 14 October 2026. This compares with a 20-day average daily volume of 5.39 lakh shares (0.91 times). The five-day average daily volume was 6.50 lakh shares.
The revised tax demand of ₹2,417.80 crore highlights ongoing regulatory and tax compliance proceedings for the company. Management's assessment that the order will not materially impact financial statements provides baseline context for investors. The company's planned filing of a rectification petition and pursuit of legal remedies will dictate future developments on this matter.
Latest Company Developments
The Assistant Commissioner of Income Tax issued a rectification order under Section 154, revising the tax demand for Assessment Year 2023-24 from ₹2,286.86 crore to ₹2,417.80 crore due to newly levied interest under Section 220. Mphasis stated that it is evaluating legal remedies and intends to file a rectification petition for computation errors.
The upward revision of the tax demand adds to regulatory oversight, though management has indicated it does not expect a material impact on its financial statements.
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 31.12% on 30 September 2026. This compares with 30.53% on 30 June 2026, a change of +0.59 percentage points.
The filing reported 39 MF/UTI holders.
What to Watch Next
- Investor sentiment and early trading volumes following the open on October 15, 2026.
- Price action relative to the prior session's close of ₹2,435.30 and trading range between ₹2,420.00 and ₹2,512.70.
- Further updates regarding the company's legal filings and rectification petitions concerning the income tax demand.
Other Dated Coverage
- Mphasis Share Price Today: Why MPHASIS Is Rising 2.33% | 13 October 2026 — 13 October 2026
- Mphasis in Focus After Securing £35.4 Million Social Security Scotland Deal | 8 October 2026 — 8 October 2026
- Mphasis Share Price Today: Why MPHASIS Is Falling 0.39% | 7 October 2026 — 7 October 2026
More Mphasis news and dated analysis →
Frequently Asked Questions
What is the latest Mphasis company news?
The Assistant Commissioner of Income Tax issued a rectification order under Section 154, revising the tax demand for Assessment Year 2023-24 from ₹2,286.86 crore to ₹2,417.80 crore due to newly levied interest under Section 220. Mphasis stated that it is evaluating legal remedies and intends to file a rectification petition for computation errors.
How strong was Mphasis’s trading volume?
4.92 lakh shares traded, 0.91 times the 20-day average daily volume. The price and volume data are dated 14 October 2026.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.