News Stocks Infosys Receives USD 11,041.03 Penalty from California for Late State Unemployment Insurance PaymentInfosys Receives USD 11,041.03 Penalty from California for Late State Unemployment Insurance Payment
Infosys Limited disclosed a USD 11,041.03 penalty from California's Employment Development Department for late State Unemployment Insurance payment related to Q4FY25. The company received the communication on January 30, 2026, and filed the regulatory disclosure under SEBI requirements on January 31, 2026. Infosys stated the penalty has no material impact on its financials or operations.
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Infosys Limited has disclosed receiving a penalty from California's Employment Development Department for late payment of State Unemployment Insurance contributions. The IT services major filed the regulatory disclosure on January 31, 2026, informing stock exchanges about the penalty under SEBI's listing obligation requirements.
Penalty Details
The Employment Development Department, State of California, has imposed a penalty on Infosys for delayed State Unemployment Insurance payments related to Q4FY25. The company received the official communication on January 30, 2026, at 22:53 IST.
| Parameter: | Details |
|---|---|
| Penalty Amount: | USD 11,041.03 |
| Authority: | Employment Development Department, State of California |
| Violation: | Late payment of State Unemployment Insurance for Q4FY25 |
| Communication Date: | January 30, 2026 at 22:53 IST |
Financial Impact Assessment
Infosys has clarified that the penalty will not materially affect its business operations or financial performance. The company explicitly stated that there is no material impact on financials, operations, or other activities resulting from this penalty.
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary A.G.S. Manikantha signed the regulatory filing, ensuring transparency with stakeholders and stock exchanges including BSE Limited, National Stock Exchange of India Limited, and New York Stock Exchange.
The penalty relates to the company's operations in California, where Infosys maintains significant business presence as part of its global delivery model. The disclosure demonstrates the company's commitment to regulatory transparency across its international operations.
Historical Stock Returns for Infosys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.11% | -1.35% | -0.22% | +8.41% | -12.77% | +32.44% |
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