BSE and NSE Grant No-Objection for Reclassification of Shibulal Family Members from Promoter Group to Public Category at Infosys
BSE Limited and NSE issued no-objection letters on May 11, 2026, approving the reclassification of Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal from the 'Promoter and Promoter Group' to the 'Public' category at Infosys Limited. The move is governed under Regulation 31A of the SEBI (LODR) Regulations, 2015, following an application by the company dated May 01, 2026. Infosys has been directed by both exchanges to comply with all subsequent disclosure requirements related to the reclassification. The no-objection letters will be made available on the company's official website.

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Infosys Limited has received no-objection letters from both BSE Limited and the National Stock Exchange of India Limited for the reclassification of two members of its promoter group to the public category. The letters, both dated May 11, 2026, were issued in response to an application filed by the company on May 01, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The development was communicated to all stock exchanges by Company Secretary A.G.S. Manikantha (Membership No: A21918) and follows earlier disclosures made on April 30, 2026, and May 1, 2026.
Promoters Approved for Reclassification
The no-objection has been granted for the reclassification of the following individuals from the 'Promoter and Promoter Group' category to the 'Public' category:
| Sr. No. | Name of Promoter / Promoter Group |
|---|---|
| 1. | Mr. Shreyas Shibulal |
| 2. | Ms. Bhairavi Madhusudhan Shibulal |
Both BSE and NSE independently confirmed their no-objection in separate letters referencing the company's application dated May 01, 2026. The BSE letter was issued under reference LIST/COMP/HG/059/2026-27 and signed by Jayshree Soni, Deputy Vice President – Listing Compliance, and Harsh Gohil, Listing Compliance. The NSE letter was issued under reference NSE/LIST/COMP/INFY/587/2026-2027 and signed by Apeksha Raichura, Senior Manager – Listing Compliance.
Regulatory Framework and Compliance Requirements
The reclassification is being carried out in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both exchanges have directed Infosys to ensure compliance with all subsequent relevant disclosures of material events related to this reclassification, as required under the applicable provisions of Regulation 31A of the SEBI (LODR) Regulations, 2015. Copies of the no-objection letters from BSE and NSE have been enclosed with the company's disclosure and will also be made available on the company's official website at www.infosys.com . The communication was copied to National Securities Depository Limited and Central Depository Services Limited by both exchanges.
Historical Stock Returns for Infosys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.12% | -3.21% | -11.78% | -26.51% | -29.91% | -14.07% |
How might the reclassification of Shreyas Shibulal and Bhairavi Shibulal to public category affect Infosys's overall promoter shareholding percentage and corporate governance structure?
Could this reclassification signal a broader trend of founding family members reducing their strategic involvement in Infosys, and what implications might this have for the company's long-term leadership direction?
Will the shift of these promoter group members to the public category trigger any changes in voting dynamics or influence over key shareholder resolutions at future Infosys AGMs?
































