Infosys Limited has disclosed that its subsidiary Infosys McCamish Systems (IMS) entered into a consent order with the South Dakota Division of Insurance on December 22, 2025, to resolve concerns related to a 2023 data breach notification matter.

Consent Order Details

The South Dakota Division of Insurance expressed concerns that IMS may have violated South Dakota Codified Laws related to notification requirements following a 2023 data breach. The regulatory action specifically cited IMS's failure to respond to the Division of Insurance's request for information within the required 20-day timeframe.

Regulatory Compliance Matter

The consent order allows IMS to resolve the matter without any further regulatory action. Importantly, the agreement specifically acknowledges that entering into the consent order does not constitute an admission that IMS violated the applicable South Dakota laws.

Corporate Structure and Impact

Infosys McCamish Systems operates as a subsidiary of Infosys BPM Limited, which is itself a wholly-owned subsidiary of Infosys Limited. The company has submitted the agreed-upon monetary penalty of $30,000 to the South Dakota Division of Insurance as part of the settlement terms.

Regulatory Disclosure

Infosys has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has notified all relevant stock exchanges, including BSE Limited, National Stock Exchange of India Limited, and New York Stock Exchange, and made the information available on its corporate website at www.infosys.com .

This development represents a continuation of regulatory matters that Infosys had previously disclosed in its statement dated March 14, 2025, regarding the McCamish cyber incident.

Infosys Limited has issued a regulatory clarification following significant volatility in its American Depositary Receipt (ADR) trading on the New York Stock Exchange on December 19, 2025. The IT services major addressed concerns after the price movements triggered multiple trading halts on the US exchange.

Trading Volatility Details

The company observed notable volatility in its ADR price on NYSE, which resulted in two Volatility Trading Pauses being activated under the Limit Up-Limit Down (LULD) mechanism. These automatic trading halts are designed to provide a cooling-off period during periods of extreme price volatility.

Company's Official Response

In its communication to stock exchanges including BSE Limited, National Stock Exchange of India Limited, and New York Stock Exchange, Infosys clarified that there are no material events requiring disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this clarification was issued purely in the interest of transparency and to prevent any unwarranted speculation in the market.

The communication was signed by A.G.S. Manikantha, Company Secretary (Membership no: ACS21918), and addressed to all relevant stock exchanges where the company's securities are listed.

Regulatory Compliance

Infosys reaffirmed its commitment to maintaining transparency and adhering to regulatory requirements. The company stated that it will continue to comply with its obligations under Regulation 30 of the SEBI Regulations, which governs the disclosure of material events and information.

Key aspects of the regulatory filing include:

• Confirmation of no undisclosed material events
• Commitment to continued regulatory compliance
• Proactive communication to prevent market speculation
• Adherence to transparency practices

Communication and Transparency

The clarification document has been made available on the company's official website at www.infosys.com , ensuring broader accessibility for stakeholders. This step demonstrates the company's commitment to maintaining open communication channels with investors and the broader market community.

The proactive approach taken by Infosys in addressing the ADR volatility reflects standard corporate governance practices, where companies provide timely clarifications to address unusual market movements and maintain investor confidence.