MphasiS Limited responded to a news article published in the Mint online edition on 1 June 2025, with the headline “Mphasis to lose FedEx business accounting for 8% of total revenue”.
The company stated that as a matter of policy, it does not comment on speculative news articles or individual client relationships or contracts.
However, for clarity, Mphasis confirmed that it continues to be a service provider in the FedEx ecosystem.
The company categorised other aspects of the article as purely speculative.
Mphasis management reiterated its commitment to and stands by its outlook and assessment previously communicated in prior investor calls and the most recent earnings call.
The company affirmed its adherence to the highest standards of governance and disclosures, promising to promptly communicate any material information requiring disclosure to the stock exchanges.