Nandan M. Nilekani, a promoter of Infosys Limited , acquired 6,400 equity shares through transmission on May 27, 2026. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction increased Nilekani's total shareholding in the IT major while the overall equity share capital of the company remained unchanged.

Prior to the acquisition, Nilekani held 4,07,83,162 shares, which accounted for 1.01% of the total share capital. Following the addition of 6,400 shares, his total holding rose to 4,07,89,562 shares, maintaining a 1.01% stake in the company. The acquisition was executed solely through transmission and did not involve any open market purchases or off-market deals.

The total equity share capital and total diluted share capital of Infosys Limited remained at Rs. 20,27,82,93,815 before and after the transaction. Nilekani confirmed that no provisions of the company's rules or applicable laws were contravened during the transaction. The disclosure was submitted to the stock exchanges where the company is listed, including BSE Limited and National Stock Exchange of India Limited.

Shareholding Details

Transaction Overview

Infosys Limited has fixed June 10, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹25 per equity share for the financial year ended March 31, 2026. The Board of Directors recommended this payout at its meeting held on April 23, 2026. The dividend is subject to approval by shareholders at the 45th Annual General Meeting (AGM), which will be held via video conference on June 23, 2026, at 4:30 p.m. IST. Once approved, the payment will be disbursed on June 25, 2026.

Key Dates and AGM Details

The company will conduct its 45th AGM through video conference and other audio-visual means in compliance with Ministry of Corporate Affairs General Circular No. 3/2025 and relevant Securities and Exchange Board of India (SEBI) circulars. The Integrated Annual Report for the Financial Year 2025-26 and the AGM notice will be sent electronically to shareholders with registered email addresses. Physical copies will not be sent unless specifically requested; instead, a weblink to access the report will be provided to those without registered emails.

Tax Deduction at Source

Dividends declared are taxable in the hands of shareholders under the Income-tax Act, 2025. Consequently, the company will deduct tax at source (TDS) at the time of payment. The applicable TDS rates vary based on the shareholder's residency status and documentation provided.

Resident Shareholders

For resident shareholders, TDS will be deducted under Section 393 of the IT Act 2025 as follows:

Note: If PAN is not linked with Aadhaar, it will be deemed invalid, and TDS will be deducted at 20%.

No tax will be deducted if the total dividend received during the tax year 2026-27 does not exceed ₹10,000, or if the shareholder submits Form 121 or other prescribed documents to claim lower or nil withholding.

Non-Resident Shareholders

For non-resident shareholders, the withholding tax rate is generally 20% plus applicable surcharge and cess. However, shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) read with the Multilateral Instrument (MLI), if more beneficial. To claim treaty benefits, non-residents must submit documents such as a Tax Residency Certificate for tax year 2026-27, Form 41, and self-declarations regarding permanent establishment and beneficial ownership.

Document Submission Deadline

Shareholders must upload all necessary tax documents to the shareholder portal by June 11, 2026, to ensure the correct TDS rate is applied. No communications regarding tax withholding will be accepted after this date. Shareholders can verify their tax credit in Form 168 (erstwhile Form 26AS) via the income tax e-filing portal.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE009A01021/1c0d4c1496794d00.pdf