Infosys Limited — Important, 20-01-2025: Updates

The Company has received a penalty communication totaling INR 41.12 Cr from the Office of the Principal Commissioner CGST & Central Excise Commissionerate, Jaipur, related to an alleged non-realization or delay in the realization of export proceeds for the period FY2017-18 to FY2021-22. The communication was received on January 17, 2025. The Company reports that this penalty will not have a material impact on its financials, operations, or other activities. There is no expected disruption to business performance as the Company assesses its next steps.