Infosys Limited — Important, 28-02-2025: Updates

The company has received a communication regarding a penalty of ₹60.96 Cr from the Office of the Principal Commissioner of Central Goods & Services Tax and Central Excise, Pune. This penalty is related to the alleged non-reversal of Input Tax Credit (ITC) on credit notes for FY 2020-21. However, the company has indicated that this penalty will not have a material impact on its financials, operations, or other activities. Stakeholders can take comfort in this assessment, suggesting stability in the company’s financial outlook despite the penalty.