Infosys Limited has formally submitted applications to major stock exchanges for the reclassification of certain promoter group members from the 'Promoter and promoter group' category to 'Public' category under regulatory guidelines.

Regulatory Submission Details

The company disclosed on May 1, 2026, that it has submitted applications to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This submission follows the Board's approval granted on April 30, 2026.

Promoter Group Members Seeking Reclassification

The reclassification request involves two specific individuals from the promoter group:

• Mr. Shreyas Shibulal
• Ms. Bhairavi Madhushan Shibulal

Both individuals have requested their reclassification from the 'Promoter and promoter group' category to the 'Public' category in accordance with SEBI regulations.

Regulatory Framework

The reclassification process is governed under Regulation 31A read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has ensured compliance with all disclosure requirements under these regulations.

Documentation and Transparency

Infosys has committed to making the application details available on the company's official website at www.infosys.com , ensuring transparency in the reclassification process. The disclosure was signed by A.G.S. Manikantha, Company Secretary (Membership No: A21918), and digitally authenticated on May 1, 2026.

The formal communication was addressed to BSE Limited, National Stock Exchange of India Limited, and New York Stock Exchange, demonstrating the company's commitment to comprehensive regulatory compliance across all listing jurisdictions.

Infosys Limited announced key corporate governance developments following its Board meeting held on April 30, 2026. The technology services giant approved significant leadership changes and promoter reclassification requests that reflect the company's evolving corporate structure.

Leadership Appointment

The Board approved the appointment of Nitin Paranjpe as non-executive Vice Chairman with immediate effect, based on recommendations from the Nomination and Remuneration Committee. This appointment recognizes Paranjpe's valuable contributions to the Board and his extensive leadership experience.

Nandan Nilekani, Chairman of the Board, expressed satisfaction with the appointment, stating that Paranjpe's expertise has already made a significant impact on the Board. Nilekani confirmed his continued role as Chairman with no planned transition.

Promoter Reclassification

The Board approved a significant reclassification request from Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal to move from 'Promoter and Promoter Group' category to 'Public' category under Regulation 31A of SEBI LODR Regulations.

The applicants' classification as promoter group members was solely due to their relationship with Mr. S. D. Shibulal, who was actively involved in the company until 2014. The Board noted that it has been approximately 12 years since Mr. S. D. Shibulal ceased active association with the company, and the applicants are settled outside India, engaged in independent professions without any connection to company operations.

Share Capital Changes

The Board approved allotment of equity shares under the employee compensation program, resulting in an increase in the company's issued share capital.

Corporate Governance Impact

The Board determined that the promoter reclassification will not impact company operations, Board composition, management structure, or shareholders. The applicants confirmed they satisfy all conditions under Regulation 31A(3)(b) of LODR Regulations, including:

• No control over company affairs
• No special rights through formal or informal arrangements
• No Board representation or key managerial positions
• Holdings below regulatory thresholds

The Board meeting commenced at 6:00 p.m. IST and concluded at 6:45 p.m. IST on April 30, 2026. These developments reflect Infosys's commitment to maintaining robust corporate governance standards while adapting its leadership structure to support strategic objectives.