Infosys Limited has formally submitted comprehensive auditor reports for its quarterly and nine-month financial results ended December 31, 2025, to major stock exchanges including BSE Limited, National Stock Exchange of India Limited, and New York Stock Exchange. The submission, completed on January 14, 2026, includes detailed audit opinions with Unique Document Identification Numbers (UDIN) as required under regulatory compliance.

Audit Opinion and Compliance

Deloitte Haskins & Sells LLP, serving as the independent auditor, has provided unqualified audit opinions on both consolidated and standalone financial statements. Partner Vikas Bagaria signed all audit reports on January 14, 2026, from Bengaluru, confirming compliance with applicable auditing standards and regulatory requirements.

The audit reports demonstrate adherence to multiple regulatory frameworks:

Subsidiary Network and Corporate Structure

The audit annexure reveals Infosys's extensive global footprint through 138 subsidiary entities spanning multiple jurisdictions. The comprehensive list demonstrates the company's strategic expansion across key markets including North America, Europe, Asia-Pacific, and emerging markets.

Recent corporate restructuring activities include several significant developments:

• Mergers Completed: WongDoody, Inc., Outbox systems Inc. dba Simplus (US), Blue Acorn iCi Inc., and Kaleidoscope Animations, Inc. merged into Infosys Nova Holdings LLC effective January 01, 2025
• New Incorporations: Seven new subsidiaries established across different regions, including Infosys Limited SPC (December 12, 2024) and Infosys BPM Netherlands B.V. (March 20, 2025)
• Strategic Acquisitions: MRE Consulting Ltd and associated entities acquired on April 30, 2025, with partnership interests split between Infosys Nova Holding LLC (98.21%) and Infosys Energy Consulting Services LLC (1.79%)

Regulatory Framework and Standards

The audit reports confirm compliance with comprehensive regulatory requirements under Indian and international accounting standards. The auditor opinions specifically address adherence to Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34) and International Accounting Standard 34 (IAS 34) as issued by the International Accounting Standards Board.

Key regulatory compliance areas include:

• Maintenance of adequate accounting records under Companies Act provisions
• Implementation of effective internal financial controls
• Assessment of going concern basis of accounting
• Proper disclosure requirements under SEBI listing regulations

Audit Methodology and Assurance

Deloitte's audit approach encompassed comprehensive risk assessment procedures, evaluation of internal controls, and detailed examination of financial reporting processes. The auditor reports emphasize professional judgment and skepticism throughout the audit process, ensuring reasonable assurance regarding material misstatement detection.

The audit evidence obtained has been deemed sufficient and appropriate to support the audit opinions provided. Company Secretary A.G.S. Manikantha (Membership No: A21918) digitally signed the submission documents, confirming proper authorization and compliance with corporate governance requirements.

This comprehensive audit documentation will be hosted on the company's official website at www.infosys.com for stakeholder access and regulatory transparency.

Infosys executives have expressed confidence in the stability of the macroeconomic environment while providing insights into varying sector dynamics. The technology services leader continues to navigate mixed sector performance, with cost-cutting trends in retail alongside significant AI-driven benefits in manufacturing areas.

Stable Macro Environment Assessment

Company executives have indicated their belief that the macroeconomic environment remains stable, providing a foundation for continued business operations across key sectors. This assessment comes as the company maintains its strategic positioning across financial services and energy sectors, with robust AI implementation achievements supporting overall business confidence.

Mixed Sector Performance Continues

Despite the stable macro environment, executives report notable cost-cutting trends within the retail sector, indicating client budget constraints in this vertical. However, management maintains confidence with a healthy pipeline of opportunities despite these retail sector headwinds. In contrast, artificial intelligence is delivering significant benefits to certain manufacturing areas, demonstrating the varied impact of technology adoption across different industry segments.

Strong Financial Services and Energy Outlook

Company executives continue to indicate strong discretionary spending and growth in the financial services sector, with positive expectations extending through Q4 and into FY27. The outlook encompasses both financial services and energy sectors, reflecting confidence in market conditions and the company's competitive positioning across these key verticals.

AI Implementation Achievements

The company has demonstrated significant progress in artificial intelligence adoption, with executives reporting substantial achievements across the organization. Infosys has completed 46 AI projects while generating over 28.00 million lines of code using AI-powered tools, showcasing operational excellence and technological advancement.