Infosys Limited — Important, 21-11-2024: Updates

The company received a communication from the Georgia Department of Labor regarding a penalty and pending tax payment amounting to approximately $32.82 crore for the period from Q3 2019 to Q1 2024. The company is actively seeking clarifications concerning the pending tax amounts and the imposed penalty. Fortunately, there is no material impact expected on the company’s financials or operations as a result of this situation. Investors may view this as a manageable issue that the company is addressing without significant risk to its overall performance.